Credit cards and debit cards….they’re all the same, right? Wrong! A credit card is a plastic card whose holder has been granted a revolving credit line (unsecured credit). This piece of plastic provides the holder with the ability to make purchases and/or cash advances up to a predetermined limit. The credit granted can be paid in full by the […]Continue Reading
Helpful Tips on How to Use a Credit Card Responsibly
There are some people that refuse to use credit cards thinking that if they don’t use them, they won’t get into difficult situations. The truth, however, is that credit cards can be powerful tools if they are used properly. They can help you build up your creditworthiness and increase your credit score if you use […]Continue Reading
Should Your Teenager Have A Credit Card?
According to TransUnion, 20 percent of people who are between the ages of 13 and 18 have a credit card. However, many parents are still reluctant to give their teen a credit card. There are negatives that come along with it. For example, teens who do not use their credit cards responsibly can potentially ruin their credit […]Continue Reading
Pros and Cons of Prepaid Debit Cards
Debit cards have become a commodity as many consumers choose to carry less cash and stick to carrying plastic instead. Prepaid debit cards are popular for many individuals because of the convenience of having a debit card but knowing they cannot overdraw from their checking account with it. Before running out to sign up for […]Continue Reading