Credit card payment insurance sounds like a good idea – until you realize it might be unnecessary and worse, it may not kick in when you need it most. Here’s why some experts discourage these credit card disability policies.

No Comments | Author: Carolyn | Categories: Credit Card Tips, Financial Planning

Using your debit card may no longer be the convenient way to buy groceries, fuel or anything else if banks have their way and begin capping charges at $50 or $100.

No Comments | Author: Carolyn | Categories: Credit Card News, Financial Planning

As the saying goes, ‘failure to plan’ is ‘planning to fail’, a financial crisis deserves every bit of planning on your part. Gaining ammunition on what to expect during a financial crisis goes a long way in getting you ready for tougher times ahead and ensuring you don’t make the silly mistakes a lot of us subscribe to during these periods.

2 Comments | Author: CreditCardsCo | Categories: Banking, Financial Planning

According to the Federal Reserve and various other independent financial experts, the financial crisis of 2008 was largely an extension of the sub-prime mortgage crisis resulting from a burst in housing prices, and the inability of mortgage borrowers to fulfill their payment obligations and refinance current mortgage. This led to a situation where banks didn’t have enough money for lending and normal business purposes.

3 Comments | Author: CreditCardsCo | Categories: Banking, Financial News