The average college graduate will end up with about $19,000 in debt. This debt usually comes from student loans but it can also come from credit cards and poor money management. It is important to manage your money wisely in college so you do not live paycheck to paycheck once you graduate. In some cases student loans are necessary and it is likely that you will plan on having $150,000 in debt when you graduate with a doctorate or another post-graduate degree. Good financial advisors will be … [Read more...]
Who Hijacked Customer Service At Your Bank?
Ahhhh, remember the days of when your time spent with a banking institution actually meant something? Days when if your account was say 20 or more years old with that bank, you would be treated as someone special just because of your loyalty? Those days are long gone! The Customer Is Always Right? Gone are the days where you could walk into a bank and dispute a charge and there would be no questions or doubt, and the bank teller would just take your word for it and correct the issue. Now, … [Read more...]
Credit Cards And Your Credit Score
Can Cancelling a Credit Card Affect My Credit Score?Cancelling a credit card will affect your credit score, especially if you have had that card for several years. 15% of your FICO credit score is based on how long you have had that line of credit. The older the better. Once you cancel that card, you will lose that long history you had with the card and your score will go down.How Do Credit Cards Affect My Credit Score?Credit cards affect your credit score with two factors:The balance on … [Read more...]
How to Re-Build Your Credit After Bankruptcy
So you’re walking out of the bankruptcy court thinking to yourself, “What have I just done?” Not to fear! There is a light at the end of that tunnel. The light at the end of that tunnel is new-found HOPE and DISCIPLINE. First Things First Jump back into the credit game! You’re probably saying to yourself, “Well this is what brought me to bankruptcy court.” True, it is what brought you there. This time, you are going to actually be a player in the game and not get played by the game. You need … [Read more...]
Ultimate Rewards Card: Chase Sapphire
Update: Chase Sapphire is now earning you 2 points for every dollar spent on dining whether fast food or fine dining. One point per dollar is earned in any other category. Are you looking for a card that adds flexibility to the rewards program by offering the option to redeem points on just about anything— airfare, hotel rooms, shopping and simple cash back? If yes, then Chase Sapphire Card is the one for you. The Chase Sapphire Card is brought to you by JP Morgan Chase, a well known … [Read more...]
