Learn About Credit Cards

Whenever a consumer feels that they have been taken advantage of by a financial institution, bank, lender or any company whatsoever, they are entitled to report it to certain federal agencies. Since this website deals with consumer finance, below is...

There are steps you can take to protect yourself from becoming a victim of abusive credit card practices. These steps are meant mainly for poor people or those struggling with too much debt who are much more likely to be victimized by credit card com...

Acquiring a credit card may be difficult for some consumers to due to annual income requirements and credit history checks. That doesn't mean there aren't similar options available which have the same flexibility of a standard credit card with slight...

As credit became more available to more consumers it also became a more ubiquitous part of everyday life. What once used to be a tool of the rich and famous to go on luxury vacations and purchase expensive clothes and jewelry has now become an everyd...

Understanding consumer credit is the basis of successfully navigating almost all aspects of society where finances are involved. This might sound like a general statement but in reality consumer credit will affect what car you drive, where you work, ...

The average consumer has between 10 and 12 credit cards and roughly $8,000 worth of debt on those cards. For a number of individuals, paying down credit card debt and whittling down their credit cards to two or three is a difficult process. Greater a...

At some point in your life you will either ask or be asked to be a cosigner. Sometimes it is a parent cosigning an auto loan for their teenage driver and other times it is a recent college graduate asking a relative or significant other to cosign a p...

Credit cards have made purchasing goods and services relatively easy since they were first introduced in the early 1900s. Their flexibility in payment and their availability by being accepted by thousands of merchants throughout the country has made ...

In-store credit cards are slightly different than more nationally recognized financial institution credit cards in that they normally have specific features or offers available to card holders. However, there are some drawbacks to in-store credit car...

The wonderful thing about credit cards is their immediate use and instant gratification allowing impulse purchases. While it can be beneficial to use a credit card when stumbling across a great sale for that once-in-a-lifetime purchase, they are rare...

When used wisely credit cards can offer many significant benefits by both allowing the purchase of goods or services even if the funds may not be currently available as well as building a credit history to obtain better loan interest rates in the fut...

A civil judgment is a final decision made by the court ordering a party to pay a specific amount as restitution for money owed as a result of monetary loss and damages. Civil proceedings differ from criminal prosecutions and are not necessarily depe...

The most popular and often first line of credit most individuals experience is that of a credit card. Another type of popular credit is called a home equity line of credit, or HELOC, which applies specifically to homeowners but is similar in concept...

The difference between a charge card and a credit card is that a charge card is not a revolving account, which means it needs to be paid in full each month, and it does not have a credit limit. Charge cards normally require applicants to have excell...

Credit cards offer an invaluable opportunity to develop a solid financial foundation which can either positively or negatively impact your financial well being. Used wisely, credit cards can be the basis for for getting the best interest rate on a m...

Generally speaking, not really. Credit card companies often will not accept another credit card as payment for an existing balance. What this means is that you can not fill out information on the credit card payment stub as if you are buying a jack...

When a customer uses a credit card the retailer is charged a discount rate of between 1.5% and 4.5% and a transaction fee of around $.30 for each credit card transaction. The actual rates a merchant will pay are determined by a number of different c...

With the technology available today it is as easy as ever to both research various credit card offers and apply for a credit card once you have found one that is best suited for you. Credit card offers come in the mail as well as your e-mail inbox a...

While most credit cards have uncertainty about which interest rate you'll get, when it comes to rewards credit cards the ambiguity is even greater. Most rewards credit cards require that you have excellent credit which means a credit score at least o...

I believe it's better to save up and pay cash instead of racking up hefty credit card bills. In some cases, though, credit cards make sense. For example, some folks charge big-ticket items like large appliances to earn reward points, get cash back, ...

Many of us have the goal to become debt free. This isn't normally a problem, since debt is one of the biggest drains on wealth. If you have a lot of debt, you are paying interest to someone else, and you aren't using your money to improve your situat...

When you have obligations, the thought of not being able to meet them can be frightening - especially when they are financial obligations. Many people worry about what would happen if they were unable to make their credit card payments. This concern ...

ots of us have seen our credit take a tumble recently. It hasn't been an easy pill to swallow but it is what it is. Sometimes the problem stemmed from spending that had spun out of control and sometimes it was spending that was just necessary to keep...