Constantly making late payments may be a sign that you’ve become overwhelmed by your debt. It’s an expensive mistake, and if repeated, it could cost you a lot of money. Why? Because the Consumer Financial Protection Bureau has increased the maximum fee. So, if you pay late once, your credit company can charge a maximum...

If you violate your credit card’s terms and conditions — by making late payments — your issuer could trigger a penalty or default rate. This is a very high interest rate, typically close to 30 percent. How long will it last? Your agreement will explain the conditions in which the company may apply the penalty...

If you carry a balance from one month to the next, you’ll have to pay interest charges. While that may have been okay in the past, this year interest rates will be more expensive. That means you’ll be paying more for longer, especially if you only pay the minimum balance. Even a one percent increase...

If you take a look at your most recent credit card statement, you’ll notice that your annual percentage rate is probably higher today than it was in late 2016. After the Federal Reserve meeting in late December, credit card companies quickly raised their interest rates. You don’t have to just roll over and accept this...

When you first get a credit card, there aren’t any instructions on how to best use it. For the most part, people are doing things they’ve seen others do. Some of those things are erroneous and should be corrected immediately. Use the following pointers to avoid credit card traps and protect yourself. – Don’t pay...

Every year thousands of people fall victim to credit card fraud. Before they know it, they look up and someone has made unauthorized purchases without their knowledge. Stay safe by knowing the common ways criminals end up with credit card information: – Phishing: Criminals make fake emails or phone calls to people claiming to represent...

Credit card fraud happens when someone uses your credit card information without your permission to make unauthorized purchases. Here are some common ways that criminals end up with credit card information: – Skimming: Skimming is when a person takes a picture of your credit card information. They may also use a hidden camera to watch...

If you’re looking for a credit card that will help you earn cash back, travel rewards and other perks with your everyday purchases,  take a look at these credit cards. These credit cards are really great offers with cash back points, airline miles and stays at hotels. Chase Freedom Unlimited: This credit card has a...

A cashback credit card reward program is an incentive program carried out by credit card companies. Cardholders receive a certain percentage based on how much they spend on everyday items like gas, and groceries. The best credit cards are the ones where there is a 0% introductory APR. Here are two cash back credit cards...

If you’re looking for a way to transfer all or part of your debt to another lender, then you may be interested in getting a balance transfer credit card. These kinds of credit cards are designed to help you get a handle on debt.  The best credit cards are ones that have a 0% APR...