Finance Globe

One of the best things you can hear from your boss is that you’re getting a raise. You might start making plans for the money as soon as you hear the good news. But, make sure your plans include a few things that will improve your overall financial well-being. Put it toward your debt. A pay raise is perfect to accelerate your debt payoff. If you haven't been able to pay more than the minimum, a...

A phone call or letter is often the first sign that you have an account with a collection agency. These bills collectors don’t go away easily and some of them have been known to cross the line to get consumers to pay up. How Debt Collections Happen As an adult, you probably have several accounts with various companies: credit card issuers, a mortgage lender or landlord, a cell phone service provider, and other utility companies. As...

“Should I apply for this credit card?” is a question that should go through your mind every time you think about clicking submit on a credit card application or to applying for a credit card over the phone or by mail. If you apply for a credit card that you’re unable to handle, the resulting problems could be more than you’re able to deal with. Here are a few times that applying for a credit card...

The minimum payment is the lowest monthly credit card payment you can make and remain in good standing with your credit card issuer. The minimum payment is just a small percentage of your balance, often 3% to 5%, and paying just that amount means you can use the rest of your money for other things. And while your minimum payment is cheap, it’s actually the most expensive way to repay your credit card balance. Consider a...

One thing you can be certain of with identity thieves and credit card fraudsters, they don’t discriminate with victims. As if job hunting wasn’t hard enough, you have to beware of scams that could lead to credit card fraud or identity theft. Posting your resume online or even just responding to job ads makes you a target for job search scams. There are a few of them to watch out for. Examples of Job Search Scams...

As the cost of health care continues to rise, consumers flocked to tax-advantaged Health Savings Accounts in record numbers last year. J.P. Morgan Treasury Services said the average Chase HSA balance of $1,547 in 2011 is 4% higher than it was in 2010, and that the average balance of nearly $1000 for new Chase HSA accounts rose to its highest level in 7 years. The bank said that the average taxpayer in the 28% tax bracket...

When your bank receives a transaction that exceeds your checking account balance, the bank will do one of two things. They can either process the transaction or they can return the transaction to the merchant. Many people would like the bank to go ahead and process the transaction and banks will give you this courtesy, if you’ve opted-in to having overdraft transactions processed. However, you’ll pay a fee if the bank pays a transaction when you...

As presidential campaigns get more aggressive, don’t be surprised if you’re asked to make a credit card donation to help fund your party’s candidate. Technology has made it easy for campaign workers to take donations on the spot by swiping your credit card through a small device attached to a smart phone. Campaign season isn’t the only time you might be asked to make a donation via credit card. The holiday season is notorious for bell...

The Federal Trade Commission recently shut down a telemarketing scam following consumer complaints of being sold a bogus credit card. In the scam, telemarketers called consumers who’d recently applied for an online payday loan. These consumers were offered a credit card with a $9,500 credit limit if they agreed to pay an advance fee of $99 and a monthly fee of $19. Consumers were told the cards – the Platinum Trust Card and the Express Platinum...

Few people have guaranteed job security. Even in a stable job market your job is at risk. That’s why it’s important to take steps to prepare for unemployment now, especially while you still have a job. Hopefully, you’ll have never have to deal with an unexpected job loss, but if it happens, you’ll be happy you prepared for it. Build an Emergency Fund Traditionally, the ideal emergency fund would cover three to six months of living...