Credit card debt is on the rise. Millions of Americans are in over their heads. Theyâre losing sleep, losing control, and worried about what the future will hold. But there are solutions, and consolidation is one of the best.
Consolidation works by âconsolidatingâ multiple debts into one. Itâs the perfect solution for mounting debt, one that doesnât destroy your credit score, liquidate your assets, or make it difficult to acquire mortgages and personal loans in the future.
With that said, letâs look at some of the best ways to consolidate credit card debt.
Option 1: Do It Yourself
The idea of debt consolidation essentially boils down to acquiring a large, low-interest loan and using that to repay multiple high-interest debts. If your credit score is high enough, you can get th...
When deciding between traditional and online banks, it helps to know the pros and cons of each, including price, service, and available options. Find out which type of bank account is best for you.When deciding between traditional and online banks, it helps to know the pros and cons of each, including price, service, and available options. Find out which type of bank account is best for you.
The post Online Banking Vs. Traditional Banking â Which Is Better For You? appeared first on Money Under 30.Source: moneyunder30.com
Alliant offers the Platinum Rewards Card, this offers 2x points per $1 spent. Previously points were worth 1Â¢ each but unfortunately that is no longer the case and points are now worth 0.66Â¢. This means it has gone from a card that effectively earned 2% cash back on all purchases to 1.32% back. We will remove it from the best credit cards for everyday spend.
Hat tip to Mike & Dave CSource: doctorofcredit.com
You apply for a credit card and the bank sends you one when you’re approved. Whether it’s a Visa, a MasterCard or another type of payment card doesn’t factor into the process. Or does it?
Find out whether you should choose Visa or MasterCard when applying for credit cards and what other information you should know about these companies before selecting a credit card.
The Difference Between Visa and MasterCard
The only real difference that stands between Visa and MasterCard is that your card works on the payment network that the company operates. A Visa card won’t work on MasterCard’s network, and vice versa.
Ultimately, any other differences in cards come from the specific card you have. Not all MasterCard cards are the same, and not all Visa cards are the sa...
If you have a Chase credit card, you can get access to a cash advance. However, make sure youâre familiar with the issuerâs terms and fees on cash advances before you borrow cash against your credit line.
Hereâs everything you need to know about getting a cash advance from a Chase credit card.
Getting a cash advance with Chase
What is a cash advance?
How to get a cash advance with Chase
What to consider before getting a cash advance
Cash back is a rewards benefit that many credit cards offer to cardholders. By taking advantage of it, youâll receive back a prespecified percentage of certain purchases you make. Many credit card companies will provide higher cash back rates on certain types of purchases, such as airfare, gas, food and more. Cash back is just one way that credit cards offer rewards, as mileage and points are some alternatives. Before you spend too much money with your credit cards, make sure you have a financial plan in place. Speak with a financial advisor today. What Is Cash Back? The most commonly recognized style of cash back is what you have likely seen advertised as cash back credit cards. This specifically refers to earning a certain percentage of your credit card purchases back as cash re...
The COVID-19 coronavirus pandemic has affected everyone all around the world. Extended isolation and sudden job losses have everyone thinking about their futures. Lots of people are concerned about losing a reliable income source during this time of crisis. Some have even been forced to shut their businesses. The global pandemic has turned many people’s financial lives upside down. As you work on keeping your bills in good standing and your finances going strong, you should also pay attention to your credit score. Even if you’re delaying some major purchases like buying a car or a home or going on a trip, you still need to maintain good credit. You’ll eventually start spending again, and you’ll need a good credit score. But how can you protect your credit score d...
Depending on your personal situation, filing for bankruptcy may be the best option to solve your financial problems. Chapter 7 and Chapter 13 bankruptcies both come with major repercussions. However, they certainly donât end your…
The post How To Rebuild Credit After Bankruptcy appeared first on Crediful.
Credit Sesame is a service that gives you FREE monthly credit scores and credit monitoring. Here is what they have to offer, and why you should sign up.
The post Credit Sesame Will Give You A Free Credit Score, Credit Monitoring And Identity Theft Insurance appeared first on Bible Money Matters and was written by Peter Anderson. Copyright Â© Bible Money Matters - please visit biblemoneymatters.com for more great content.Source: biblemoneymatters.com
Around 6.1% of employed Americans worked for themselves in 2019, yet the ranks of the self-employed might increase among certain professions more than others. By 2026, the U.S. Bureau of Labor Statistics projects that self-employment will rise by nearly 8%. Some self-employed professionals experience high pay in addition to increased flexibility. Dentists, for example, are commonly self-employed, yet they earned a median annual wage of $159,200 in 2019. Conversely, appraisers and assessors of real estate, another career where self-employment is common, earned a median annual wage of $57,010 in 2019. When you work for yourself, you might have to jump through additional hoops to qualify for credit. Despite high pay and job security in some industries, thereâs one area where self-empl...