Term: credit cards
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More People Are Getting Credit. Is That a Good Thing?

By Steven Shaw on 9/15/2014

More People Are Getting Credit. Is That a Good Thing?

Credit 101

More People Are Getting Credit. Is That a Good Thing?

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A new report from Equifax shows that credit in America has risen to a six-year high. I’m a proponent of maintaining healthy credit, and at first blush this report may seem a little shocking and worrisome. This is why I decided to dig into it a little deeper and share my thoughts with you. Yes, on the surface the fact that more Americans are getting more credit may seem like something to be concerned about, but it can also signal greater health and financial optimism among our nation’s consumers. Here’s why I say that.

 

credit score
credit
credit cards

Your Credit Card Might Have an Off Switch Soon

By Steven Shaw on 8/13/2014

credit card off switch

Emerging technology gives consumers the ability to turn their credit and debit cards on and off through a smartphone app, a capability that can not only help families and businesses control how authorized users shop with the card but also, and perhaps more importantly, help prevent card fraud.

credit cards
identity fraud
identity protection
identity theft

5 Credit Card Myths Debunked

By Steven Shaw on 6/18/2014

credit card myths debunked 

Most Americans use credit cards, but many credit card users don’t really understand how these products work. Part of the reason is because we are too busy to take the time to do the research, but also because some card issuers don’t always do a good job spelling out this important information.

So here are some common misbeliefs that many credit card users share.

 

credit cards

I’m Debt-Free, So Why Did My Credit Score Drop?

By Steven Shaw on 5/20/2014

debt-free 

Getting out of debt is a good thing, so why do some consumers see their credit scores decline after paying it off? There’s a common misconception that you must be in debt to have good credit, but that’s not the case. You do, however, have to use credit to earn a good credit score, and it’s sometimes difficult to see the difference.

authorized user
credit cards
credit score
Debt-Free
secured card

The True Cost of Bad Credit

By Steven Shaw on 5/6/2014

The True Cost of Bad Credit 

Life’s easier if you have good credit, financially speaking. It can be challenging to get to that point, but aiming for great credit is a worthwhile goal, considering how costly it can be to have bad credit.

bad credit
credit cards
Credit History
credit scores

Credit Rage! What’s Your Beef?

By Steven Shaw on 7/25/2013

credit rage

Let’s face it. Credit makes lots of people angry. Credit cards, credit reports, credit scores and lending in general can be a confusing business. That confusion turns into concern, then exasperation, which can morph into rage. It’s completely understandable.

credit
Credit Card Debt
credit cards
FICO

Should You Use Credit or Debit When Shopping Online?

By Steven Shaw on 7/15/2013

Should You Use Credit or Debit When Shopping Online?

There’s nothing wrong with shopping online — it’s fast, easy and convenient — but it’s also important to make sure you know and trust the online companies you’re frequenting.

We recently received this question from a reader on how to cyber-shop safely:

Credit Card Debt
credit cards
Debit
Debit Card
Shopping Online
Tips for Safer Shopping Online

Millennials Ignore Credit Cards. Should They?

By Steven Shaw on 6/20/2013

millennials ignore credit cards

More and more young people are opting for a cash lifestyle. By the end of 2012, 16% of Americans ages 18 to 29 didn’t use a single credit card, up from 8% in 2007, according to a study by credit score provider FICO.

CARD Act
CARD Act of 2009
Credit Card Debt
credit cards
establish credit

22 Things Every 22-Year-Old Should Know About Finances

By Steven Shaw on 5/30/2013
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Inspired by Glamour’s popular “30 Things Every Woman Should Have And Know By The Time She’s 30,” we decided to put together our own list, on 22 things every bright-eyed 22 year-old-college grad should know about money.

By 22, you should have:

401(k)
budgeting
credit cards
credit report
credit score
money management
mutual funds
Roth IRA
student loans

Don’t Let Your Vacation Wreck Your Credit

By Steven Shaw on 5/29/2013

Don't Let Vacation Wreck Credit

Summer vacations are supposed to be care-free and enjoyable. The most perplexing challenge we want to be faced with is: “Should I wear my sandals or my flip-flops today?”

budgeting
credit cards
credit score
vacation