Finance Globe

U.S. financial and economic topics from several finance writers.

3 Personal Reasons to Close a Credit Card Account

3 Personal Reasons to Close a Credit Card Account
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...
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Wanderer
In early 2016 I determined there were more credit card accounts for me to use than was required or practical. So, I determined wha... Read More
Saturday, 22 April 2017 20:32
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Top Reasons to Use a Credit Card When Traveling

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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...
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Wanderer
This Blog brings to light many important concepts for traveling. As a highlight, using a Debit Card exposes your banking accounts ... Read More
Monday, 22 May 2017 13:42
Frank
When I am on the road, I 100% pay for everything with a credit card. I usually bring 1 mastercard, 1 Visa, and 1 Amex to make sure... Read More
Monday, 25 September 2017 17:39
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What are the Top Benefits of a Student Credit Card?

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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...
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Frank
I don't have kids in school right now, but when I do, I plan to get them this card. I think the benefits are great. It can teach t... Read More
Monday, 25 September 2017 17:40
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What are the Top Causes of Credit Card Debt?

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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...
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Frank
The biggest reason I found: disorganized and lack of focus. Tons of people I have talked to didn't know they were really in credit... Read More
Monday, 25 September 2017 17:46
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Things to Expect from a Small Business Credit Card

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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...
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How to Avoid Becoming a Victim of Credit Card Fraud

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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...
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Frank
You will never be 100% secure unless you are completely off the grid. I recommend having credit monitoring service and as ChrisB m... Read More
Tuesday, 26 September 2017 19:22
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Top Financial Questions for First Time Homebuyers

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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...
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Frank
One thing I found helpful was asking these questions with my realtor. He also had a financial background so he was able to help me... Read More
Tuesday, 26 September 2017 19:27
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College Students Should Use a Credit Card for These Expenses

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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...
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Frank
If college kids can understand how to use a credit card at a young age, it will set them apart later in life and will provide lots... Read More
Thursday, 26 October 2017 09:30
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Buying a New Car? Questions for the Finance Manager

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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...
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Pinky
We bought a new Chevy in 2004. We opted for the diesel Cruz for the mileage benefits but wondered about maintenance and repair of... Read More
Saturday, 22 July 2017 15:47
Frank
When I purchased my car, I used a 3rd party finance loan as I got a much better deal. I knew the rates prior to going in.
Wednesday, 20 December 2017 17:19
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The Pitfalls of Borrowing From Family or Friends

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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,...
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Frank
I did it once, and I will never do it again. It's a long story, but the gist of it is I lost my money and lost my friend as well. ... Read More
Thursday, 26 October 2017 09:31
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