My New Choice

Credit card companies are really good at marketing and enticing people to use their various product offers, including convenience checks and cash advances. However, as many of you already know, using a cash advance is often times a losing bet for the consumer.

While it is possible to use your credit card to obtain cash, [...]

Over at CNNMoney.com there is an article discussing a recent Senate Banking Committee hearing that is examinging credit card practices. According to the article, one consumer advocate is proposing an idea that those who pay their credit card balances in full every month should pay a small annual fee.

Deadbeats.
If you are one of the [...]

It has now been almost two months since I commented about my American Express balance transfer woes, so I thought that I would provide an update.

Free Money Is Good.
After getting the balance transfer finalized, I have had the money sitting in my ING Direct account. As stated earlier, I know that I should switch [...]

Over at JohnChow.com, John has a great post about why you should never pay by cash that you should be sure to check out.
As John mentions in the article, this approach to spending does require that you are someone that lives below their means and pays the entire credit card balance in full each month. [...]

Late last year, I had taken advantage of a balance transfer offer from Citibank and received a check for $24,000 that I deposited into my ING Direct Orange Savings account. As it has been earning interest and nearing the offer expiration date, I was preparing to schedule the transfer of funds out of savings [...]

For those that may have a credit card with MBNA and/or Bank of America, you likely experienced the updated interface to the website today. Unfortunately, it seems that there are still a handful of issues that are being worked out as the end result is less than ideal.
Upon logging in to the new site, [...]

When I graduated from college, I found myself with substantial student loan payments and credit card debt from my days in school. While I knew that something had to be done to get rid of my debt, I didn’t really know what to do.

As I surfed the web, I had come across the Motley [...]

When people find themselves mired in credit card debt, one of the culprits is often the result of buying things on impulse even when you know that you cannot afford the item. It is far too easy to simply pull out that piece of plastic and buy that new big screen TV or designer [...]