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By Mark P Cussen, CFP, CMFC Economists are saying that the recession is over, but several major banks recently stated that the default rate on their credit cards were at an all-time high, and likely to get worse. According to a Reuters report, credit card defaults are attributed to…
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I have come to a new resolution: I will never use a check for a public transaction ever again. The incident to incite this firm new resolve of mine happened at a Quik Trip recently. Due to a rather damaging oversight on my part, I had to cancel my debit card. And I basically use the debit card for… Read More »
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By Katie McCaskey, Geezeo.com
When should you use your credit card, and when should you use your debit card?
This question is more complicated than it first appears. For example, some people exclusively use their credit card to pay for expenses. They feel this is more secure. Plus, in some instances this means they collect cash back or other incentive points. But this strategy requires a lot of diligence so that the balance can be paid in full at the end of the month. Otherwise you can seriously harm your credit score thanks to a growing debt balance.
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day 76 - credit cards
- Image by JudeanPeoplesFront via Flickr
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Good Day and Great Blessings! It it another wonderful Sunday, an time for a new sermon at Read More »
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