Monthly Archives: August 2015

Credit Card Interest

Credit Card Interest

Your credit card balance will be charged an interest by your credit card issuer, just so that you can carry a balance on your credit card after the grace period.

If you do not pay your balance in full every month then you will have finance charges added to your balance.

Interest is charged when you begin your billing cycle with a balance on your credit card.

Interest is also charged any month you make a cash advance or other type of transaction that does not – Read more

What Successful Entrepreneurs Do Differently

What Successful Entrepreneurs Do Differently

The success story for each entrepreneur will be different, but there are particular qualities that separate great business ideas from the rest. Here is what successful entrepreneurs do differently.

Validating Ideas

Successful entrepreneurs don’t just dream they do. They are able to turn their ideas into products, they measure how their potential customers will respond and they learn if they should stay on their course or change it.

The p – Read more

Getting Out of the Over the Limit Fee Trap

Getting Out of the Over the Limit Fee Trap

Are you stuck in a monthly cycle of paying over the limit fees, even though you are paying your balance every month, which is below the credit limit? If so, then here is a look on getting out of the over the limit fee trap.

Firstly we need to look at what your credit limit is. When you get your credit card you are also given a maximum limit that you are able to charge without a penalty for doing so. Your credit card company will tell you not – Read more

Your 20s are Vital for your Financial Future

Your 20s are Vital for your Financial Future

Your 20s are the most important time period for your financial life. It is actually able to determine if you are able to retire on time or not, pay off your home and other such things.

So why are your 20s so important? Here’s a look at why your 20s are vital for your financial future.

Compound Interest

Compound interest is where money is able to grow upon itself. It is then an investment income that is able to grow on its own. If you i – Read more

Your Kids First Credit Card

Your Kids First Credit Card

Pretty much every young adult falls into the trap of credit card debt. This is because credit cards allow for the buy now and figure it out later approach.

It is then important for parents to teach children good credit card habits.

There are a few reasons that parents may get their kids a credit card. These are:

Building Credit

The biggest reason that parents will help to get their children a credit a credit is to help them to build credit. Having – Read more

What are Loan Modifications?

What are Loan Modifications?

Loan modifications are charges to your loan agreement. Your payments will become more affordable and you will not have to default ion your loan. The banks offer loan modifications, as it is easier for them to work with you rather than chase you.

If you stop making your payments, then the bank has a few options in front of them. The bank can try and repossess your property like your home, they can try and collect with a bank levy or through a wage garnishment, – Read more

How to Quickly Improve your Credit Score

How to Quickly Improve your Credit Score

If you want to buy a car, get an apartment or just take out a loan then your credit score needs to be in good order. It generally takes 7 years before any negative information is removed from your credit score, but there are a few ways that you are quickly able to raise your credit score.

Pay off Your Credit Card Balance

One of the factors that influence your credit score is how you use your credit. A major factor is your credit utilization – Read more

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