Tag Archives for " Credit Cards "

The Connection Between Shopping and Emotions

According to Heather Gilmore, a writer for The Dollar Stretcher.com, “emotions can lead to the desire to shop or, on the other hand, shopping can lead to emotions. Shopping can be prompted by sadness, grief, loss, insecurity, guilt, and excitement.” Shopping can create a pleasurable experience making people want to experience the “high” again. The after-shopping […]

Do You Feel Like You Are Slowing Drowning in Debt?

Originally posted at Christian Post August 12, 2016. Dear Chuck, I have a rather unique problem; I feel like I’m drowning in debt, but I’m told I’m not in deep enough to get help! I have a car payment with 14 months left. I have four credit cards that I make payments on, but I’m finding it […]

Is Your Credit Card at Risk of Being “Skimmed?”

It’s called skimming because thieves “skim” your credit or debit card information using a device that affixes to a card reader on something like an ATM machine or gas station pump. It blends in with the existing equipment well enough that unsuspecting consumers never notice it. And it’s become a big problem. From January 1 […]

Be wary of “add-on” credit card services

By Chuck Bentley Citigroup will issue refunds to 8.8 million consumers totaling $700 million for worthless add-on credit card products or services. In one allegation, Citi telemarketers were said to have sold consumers identity theft protection services with a 30-day “free” trial, when no such free trial existed. Or they signed up consumers for an add-on […]

Would you take out a 30-year mortgage to buy a pizza?

By Chuck Bentley While it sounds ridiculous, you may actually be taking out a mortgage when you use your credit card to purchase things like pizza or coffee or gasoline. Here’s why: If you use a credit card that carries a $2,000 credit balance with an 18 percent annual rate, with a minimum payment of […]

Paying off debt is like eating an elephant…

…it can only be done one bite at a time. Over the years, I have known thousands of folks who have become debt free. I have never met anyone who regretted it. True debt is borrowing money that you have no way of paying back. It is debt backed by nothing more than your commitment […]

tips for managing cash

By Chuck Bentley Cash remains an important part of our financial transactions. Yet, we tend to forget how important it is to manage our cash. According to the summary of the Diary of Consumer Payment Choice, a national study, cash still has a “dominant role” when it comes to small-value transactions. It also remains essential for […]

No quick fix for our debt addiction

By Chuck Bentley Many hoped to come away from the first presidential debate [of 2012] with renewed optimism for a solution to the fragile condition of our nation’s fiscal health. Unfortunately, I came away less optimistic. Just as divorcing couples are notorious for finger pointing, politicians running for office (or those in office for that […]