Blogs - Page 6

Credit card fraud is one of the most frequent types of identity theft in the US. Prior to 2020’s unprecedented rise in fraud related to application for government benefits (likely as the result of COVID-19-related fraud), credit card fraud topped the list of identity theft types by a wide margin for multiple years in a row.

Close to half a million people fall victim to credit card fraud in the US every year. Learn what credit card fraud is and how you can guard against it.

You stick your credit card into an ATM to grab some cash on your way home from a trip. Unbeknownst to you, someone has installed a barely noticeable electronic device over the card slot of the machine, called a “skimmer.” A few days later, you begin to notice fraudulent charges on your accounts. Someone has stolen your identity by committing credit card fraud.

Credit cards offer you great value in many ways, but debit cards can keep you out of debt. Make an informed and responsible decision about how you pay.

Inflation hikes the cost of living, making it more difficult to make ends meet with the money on hand. Learn how to manage your debt despite inflation.

Maxing out your credit cards can affect your credit score, hike your payments, and land you in a debt trap. Find out how you can pay down a maxed-out card.

Financial literacy is one of the best gifts you can give to your kids. Being financially literate can help your children plan and implement a financial course that leads to financial security and freedom to pursue their other goals and dreams.

Many people around the country are struggling to make ends meet and are living on a tight budget. If you fall into this category, how can you make the most of your limited financial resources? It all starts with understanding where your money goes. If you don’t have a budget plan, your first step should be to create one.  

Student loan debt exceeds $1.6 trillion in 2021. A look at the statistics will help motivate you to find the best credit card debt reduction strategy.

When you have credit card debt as well as other financial commitments related to your home, car, and insurance, paying off your student debt may seem like a last priority or even a hardship. However, unpaid student debt can have serious negative consequences on your financial future and impact your credit score and overall credibility.