Finance Globe

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

Three Things You Should Do When You Suspect Identity Theft

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A suspicious charge on your credit card. Calls from collectors about accounts you didn't know of. Alerts of new inquiries on your credit report. These can all be signs that someone has stolen your identity. Confirming identity theft can take time. But if you think someone may be using your personal information, you want to prevent them from leaving more damage for you to clean up. Here's what you should do if you think your identity...
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Frank
credit monitoring is a must. It doesn't 100% protect you, but it definitely helps limit your risk and your downside.
Monday, 26 August 2019 13:37
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5 Credit Card Transactions That Are Just Like a Cash Advance

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Cash advances are one of the most expensive types of credit card transactions. These transactions come with a higher interest rate and a cash advance fee. With most credit cards, you don't get a grace period to pay off the advance and avoid paying a fee. Most people think of a cash advance as using a credit card to get cash from an ATM. Your credit card issuer may treat other types of cash transactions as cash advances....
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Wanderer
The break out of what is a cash advance is useful. Seems it gets lost in the actual terms and conditions lenders include in the or... Read More
Saturday, 13 July 2019 03:18
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6 Things to Know Before You Buy a Car With Bad Credit

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There are plenty of companies that have no reservations about taking advantages of vulnerable consumers - like people buying a car with bad credit. If you're trying to buy a car and you don't have the best credit score, realize that your credit makes you a risky borrower, even if you can afford to purchase the vehicle. Here's what you should know as you're shopping around. You'll have a higher interest rate. The cost of borrowing money is directly...
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Wanderer
This is a reality check. What is real in auto loan refi's.
Saturday, 13 July 2019 03:20
Frank
Test
Monday, 26 August 2019 13:30
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Storing Your Credit Card for One-Click Payments

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When you make frequent online purchases from the same retailers, you might consider saving your credit card information for one-click payments. This lets you check out quickly and easily without having to enter your payment and billing information each time. Storing your credit card details is certainly convenient, but is it safe? Just having a credit card puts you at risk of credit card fraud. The more places you've stored your credit card information, the greater...
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Finance Globe
Thank you for the reminders on important things to consider when storing card info. One thing that I feel as secure as possible is... Read More
Tuesday, 09 July 2019 21:28
Wanderer
In today's hacked world, I am not one to store any credit card info. Never know who will get hacked next. Only enter the card info... Read More
Saturday, 13 July 2019 03:22
Frank
I completely agree Wanderer. There is 100% guarantee your credit card information will get hacked. Good news is you are protected,... Read More
Monday, 26 August 2019 13:26
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Five Benefits of Becoming Debt-Free

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Paying off a large amount of debt takes a lot of sacrifice. You have to cut back your spending and sometimes get creative about making more money. Even though it can be stressful and frustrating, the benefits of paying off your debt are worth it. You’ll save money in the long run. The longer you carry debt, the more you’ll pay in interest. Paying off your debt faster lets you save thousands of dollars in interest,...
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Frank
I can't tell you how good of a feeling it is to be debt free. Beyond the financial flexibility, you will feel as though a huge wei... Read More
Monday, 26 August 2019 13:25
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What's the Risk in Closing a Credit Card?

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You may think nothing of closing a credit card you no longer want. Maybe you have too many cards or you have one that doesn't pay any rewards. because you have too many cards or that one doesn't pay any good rewards - you may think nothing of simply closing out the card. That way you don't have to deal with it anymore. However, closing a credit card may have some unintended consequences. Potential Impact to...
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What Consumers Need to Know About Point-of-Sale Loans

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It's normal for retailers to pitch credit cards to shoppers during checkout. The pitch usually comes with an incentive - like a discount on the initial purchase. More retailers are offering a new payment option for consumers: point-of-sale loans. Customers are offered the loans both in-store and online at checkout. Point-of-sale loans are often offered for big ticket items. With the ease of lending, the loans are also offered for online purchases regardless of price. The...
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Wanderer
Good information as I had not heard of such loans. Now if I get approached on them I will take time to consider and read the fine ... Read More
Thursday, 20 June 2019 12:38
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Five Ways Credit Bureaus May Respond to a Credit Report Dispute

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The information in your credit report has a major impact on whether your new applications for credit cards and loans are approved. Having positive information is key to showing that you're a responsible borrower. Your credit report can only contain accurate, complete, and timely information and you're allowed to challenge any information that doesn't fit the criteria for reporting. If you spot errors on your credit report, you can have your credit report updated by making...
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Wanderer
One thing people need to know, there is a legal basis to a dispute. Disputing because you don't like it or for some other non-lega... Read More
Tuesday, 11 June 2019 06:32
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Will Your Job Check Your Credit Score

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It’s a common myth that your credit score can keep you from getting a job or promotion. While your current or a prospective employer may check your credit, they’re not checking your credit score. In fact, a credit score may not even be useful to an employer because it doesn’t provide the information they need to make a decision about you. An employer wants to see your credit information, so they receive a modified version of your...
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Wanderer
Good information that let's an applicant know the reasoning behind an employment credit check. With family that have worked in ban... Read More
Saturday, 08 June 2019 06:52
Frank
I actually am against employers looking at your credit score. I do not think it is right.
Wednesday, 31 July 2019 13:22
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Watch Out for the Risks of Personal Loans

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Banks and fintech startups are increasingly offering personal loans for consumers who need to consolidate debt, make home repairs, or take care of other financial obligations. While personal loans are becoming easier to access, there still remains some risks to watch out for before you take on new debt. Fixed Monthly Payments There’s a fixed monthly payment based on your interest rate, loan amount, and repayment period. Payments can be difficult to make if you’re having...
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Frank
I do not have direct experience with getting a personal loan, but as you mentioned I would be wary of them as the interest rate is... Read More
Thursday, 27 June 2019 08:41
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