Finance Globe

There are many things that may lead you to close a credit card account. This isn’t a decision to take lightly, as it can have a negative impact on your credit score, but it may be a move that you have to make. Here are three personal reasons to close a credit card account: You are done taking on debt. Many people reach a point in their life when they no longer want to take on...

How do you make purchases when you are on the road? Are you comfortable with the system that you have in place. Just the same as when you are at home, your options include: Credit cardsDebit cardsCash While all of these options have a variety of benefits, there are several reasons why you should consider making purchases with your credit card when traveling. Here are some of the primary benefits: Easy to Track Everything If you...

As a college student, you will soon (if you haven’t already) realize that your financial life is changing. For this reason, there may come a point when you consider the benefits of applying for a student credit card. Before taking this leap, it’s important to assess your situation. For example, are you confident in your ability to spend within reason? If you’re on the fence, here are several of the top benefits of a student credit...

It is no secret that tens of millions of Americans struggle with credit card debt. If you’re one of these people, it’s time to formulate a plan for escaping debt as quickly as possible. If you’ve avoided this in the past, it would be in your best interest to stay on this path in the future. Doing so means many things, such as knowing the top causes of credit card debt. Here are some of the...

As a small business owner, there may come a time when you realize that using a credit card could bring a variety of benefits to your company. From the flexibility to the convenience, there are many reasons to turn to this method of payment as often as possible. Of course, you can’t make this transition until you find and secure the right small business credit card. As you go through the search process, here are some...

Credit card fraud remains a major problem in the United States, with the potential for losses to exceed $12 billion by 2020. This isn’t meant to scare you, but to instead help you avoid becoming a victim in the future. The Federal Trade Commission has this to say about credit card fraud: “Credit card fraud takes place every day in a variety of ways. You can’t always prevent it from happening, but you can create some...

As a first time homebuyer, it’s only natural to put a lot of time and effort into finding the perfect property. However, you can’t make a confident decision until you have answered all the most important questions as they relate to your finances. Here are some of the many financial questions that first time homebuyers need to address: What is your budget? Simply put, you need to know how much you are comfortable spending. Without this...

Some parents are okay with the idea of their college student carrying a credit card. Other parents are against this idea, as they are unsure of if their child is responsible enough to use this financial tool in the appropriate manner. Since most college students are over the age of 18, they have the opportunity to personally decide if they need a credit card or one designed for students. If you’re a student going down this...

If you find yourself in the market for a new car, it won’t be long before you’re sitting face to face with the finance manager (unless you’re paying with cash, of course). Reaching this point means you have found your next vehicle and are ready to finalize the purchase. As you make your way through the process, here are some of the more important questions to ask: What is the total amount financed? While the monthly...

Are you considering a loan from a family member or friend? Are you familiar with the many ways this could benefit your finances? The advantages of this type of loan are well documented. In addition to a lack of paperwork, you may find somebody who is willing to loan you the money interest free. Does it get any better than that? While you may be attracted by the many benefits of borrowing from family or friends,...