It is no secret that interest rates on credit cards are at record highs. Let’s be honest for a minute: when you allow a balance to roll over month after month with 25% interest or more, it accumulates extremely quickly. Soon enough, the bank will be racking up substantial earnings from all the interest you…
The holiday season is prime time for overspending. But this year, more shoppers than ever are bumping up against their credit limits. With bills for gas, food, and other basics taking huge bites out of budgets, many folks have little left for gifts and other splurges. No wonder requests for higher card limits are skyrocketing!…
Recent surveys show that nearly 4 in 10 Americans believe credit card debt is the biggest barrier preventing them from creating wealth. This issue impacts millions of households and can have long-lasting effects if not addressed. In this post, we’ll discuss the weight of credit card debt, how it hinders wealth creation, and, most importantly,…
With the rise of smart home technologies, our humble homes are becoming more intelligent than ever before. It’s as if our homes have transformed into ecosystems that work together to automate tasks, enhance our security, and provide us with infinite convenience and control. This represents a new frontier for modern living. The Future Is Smart…
Credit card debt is a major cause for concern for many people across the United States. Figures from the Federal Reserve Bank of New York put the total us credit card debt at a staggering $1.031 trillion. The severity of this issue is shown in recent data. The average credit card balance per person is…
When our current cash availability doesn’t allow us to cover certain purchases or emergency expenses, borrowing money is typically the quickest available option. Two of the most popular ways to do so are taking out a personal loan and using a credit card. While both of these options involve receiving money from a lender and…
One important factor to consider if you are trying to improve your credit score is credit utilization. This term refers to the share of your overall available credit that is currently being borrowed. Its importance is due to its effect on your credit score. As a result, your credit utilization can impact your loan application’s…
Moving your current debt from one credit card to another is known in finance as a balance transfer. People usually resort to this transaction to benefit from lower interest rates (or other advantages) offered by the new card provider. Balance transfer credit cards allow you to consolidate your outstanding debt on multiple credit cards onto…
