Credit card companies have been abusing their cardholders for years, encouraging them in bad credit habits and recouping tons of money in fees. In an attempt to curb these practices, President Obama recently passed the Credit Card Accountability, Responsibility, and Disclosure Act (also called the Credit CARD Act, because legislators can be clever too). The [...]
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Continue ReadingWe talk a lot about taking a common sense approach to repair your credit, but we’ve never really laid out our basic do-it-yourself version. We thought we’d remedy that today. You know, just for variety. 1. Make a Plan Get all your credit reports, your bills, and your bank statements out on a table and take [...]
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Continue ReadingThere are a kajillion and one tips out there to save a few dollars every month. We talk about them, other people talk about them, Oprah talks about them. In all likelihood, so do the guys who run things over at Buckingham Palace. Not the Queen, but the Queen’s people. They probably trim the fat [...]
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Continue ReadingAs everyone tries to monitor their budgets and save money, there’s probably not been enough discussion about what to do with the money you save. Most Americans right now have huge amounts of debt and no savings to speak of. When you only have enough money to put toward one or the other, which is [...]
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Continue ReadingYep, it's that time again. Another round of Ask My Credit Group. This one is one of my favorites, and I'll tell you why. I really REALLY love it when we get questions from people who have done their homework. People who are taking their credit and budgets seriously. Most of the questions we get are the [...]
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Continue ReadingEveryone’s been giving out credit repair advice for free these days, and we’re all for it. By and large, here’s the consensus: paying off your credit bills right now = very good idea. It’ll save you money in the long haul. A lot of money, actually. Great, you say. But if I had the money [...]
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Continue ReadingYesterday we started a post where we outlined some of the new credit card laws; and how they affect you. Today, we're talking about a couple more of the new laws that you need to know about as well. Advance Notice on Rate Increases This one doesn’t seem major, but trust us, it is. Right [...]
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Continue ReadingWhat, you don’t like snookums? How about sweetheart? Love interest? Significant other? Partner in canoodling? That idiot who you’ve been fighting with about finances lately? Ooh, that last one got a little harsh. A lot of couples ARE arguing about finances these days, and it always sucks. Here’s the thing when you’re in a tough [...]
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Continue ReadingCredit card companies have been abusing their cardholders for years, encouraging them in bad credit habits and recouping tons of money in fees. In an attempt to curb these practices, President Obama recently passed the Credit Card Accountability, Responsibility, and Disclosure Act (also called the Credit CARD Act, because legislators can be clever too). The [...]
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Continue ReadingFor better or for worse, for richer, for poorer, in sickness and in health, to love and to cherish; from this day forward until death do us part. And if we divorce, I promise to continue paying my share of the credit cards. Wait, what? When we meet that one perfect person, the one we [...]
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