Credit Industry News

Credit cards have the ability to make or break your credit scores. In Part 1 of our Credit Cards 101 series we have already covered just how important it is that you keep your credit card balances paid off monthly. Credit card debt has the ability to harm your credit scores even if you make all of your monthly payments on time. Yet credit cards are not nefarious either. It is ultimately up to you whether your credit card accounts will help or hurt your credit and finances. In fact, by never revolving a balance from month to month you can turn your credit cards into powerful, credit building tools.

When it comes to credit cards you will find a variety of advice and opinions, often very strong ones. At some point in your life you have probably even had someone you respect tell you that credit cards are dangerous and should be avoided entirely. However, before you believe the “credit cards are dangerous” advice you received from your uncle, your best friend, or even your favorite financial guru you should take…

Tis’ the season for family, friends, food, and fun. Unfortunately the holidays are also a time for extra expenses and very often for overspending as well. Many people start the holidays out with the best of intentions when it comes to their finances. Perhaps you even began with a budget or spending limit to make sure you did not overextend yourself once again this year. However, before you give into the pressure and start making excuses to spend money you cannot afford to spend, consider the following.