Cash Instead of Cards (as reported by Saundra Latham on money.cnn.com)

Studies of financial behavior have indicated for years that American’s spend more money when they rely on credit cards than when they rely on cash. Credit cards allow us to put off the pain of paying for something, while still getting the immediate satisfaction that whatever we’re buying brings. A simple solution for spending less… Read More

TRAVEL REWARDS CARDS (AS REPORTED BY CASEY BOND ON WWW.FORBES.COM)

Do you travel a lot for work or to see family in another part of the country? Or would you like to be able to afford to travel more? Most people would like to be able to travel more than they do. But the truth is, it’s expensive, and it can feel like a waste… Read More

HOW INTEREST RATES WORK (AS REPORTED BY LUCY LAZARONY ON WWW.CREDIT.COM)

Credit is an important part of an individual’s financial life. As Americans, we use it to finance all of our larger purchases, and some of our smaller ones. Whether you’re talking about everyday credit card purchases, a mortgage, or car loan, one of the most important aspects to consider is the interest rate. Interest rates… Read More

CREDIT SCORE MISSTEPS (AS REPORTED BY CONNIE MEI ON WWW.MONEYNING.COM)

We know that credit scores are important. And most advice you will find online deal with the things that you can do to lower your rate. But the best advice you will ever hear is advice that will help you avoid the crucial missteps that hurt your credit score in the first place. Thankfully, Connie… Read More

CREDIT SCORE EXPLAINED (AS REPORTED BY RYAN KATON ON WWW.MASHABLE.COM)

A credit score is a portrait of someone’s credit history, valued as a round number between 300 and 850. Your score is used primarily by creditors as a way of determining how likely you are to pay off your debts. This, in turn, determines what kind of loans will be available to you. There are… Read More

ALL ABOUT CREDIT SCORES (AS REPORTED BY TRENT HAMM ON WWW.THESIMPLEDOLLAR.COM)

Credit scores were invented as a means of helping financial institutions trust people they were making loans to. An individual with a high credit score is more likely to pay back a loan than someone with a low score. Credit scores are managed by third-party organizations, called credit bureaus. Scores go up and down based… Read More