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 | We all know that getting into debt with credit cards is a bad idea, but have you ever stopped to think about what those purchases really cost you? It may be shocking, but just making the minimum payments each month on a $2,500 balance can take over two decades to pay off. Not only that, you'd end up spending more than twice as much on interest over that time as the purchase itself! Before you decide to put that new purchase on your credit card learn what it's really going to cost you. | |
The True Cost of Credit Cards
Credit card offers are hard to resist. It would be tough for most people to pass up an offer for a 56 inch plasma television worth $2500 for only $50 a month on a credit card. Even though many individuals can afford a $50 monthly payment, they may not realize that they will end up paying more in interest than for the... Read more
| Why You Shouldn't Make Just the Minimum Payment
One of the most costly mistakes you can make with credit cards is getting into the habit of only paying the minimum amount due each month. While the minimum amount may be affordable... Read more
| Your FICO Score and You
You may have heard that your credit score is important, but what is a FICO score? FICO is short for Fair Isaac and Co. The Fair Isaac Company developed custom... Read more
| Saving Money
Information on how to save money and making the most of it. Learn how to save money even when it seems like there isn't any money left to spare.
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