credit

Managing Your Credit Needs

Click here to learn more facts about Koala Bear An important part of personal financial planning is using credit wisely. Credit allows a person to exchange future income for current consumption, that is, buy now pay later. It is important to know that although important to know that although credit increases a borrower’s immediate purchasing [...]

Good Debt and Bad Debt III

Driving into debt Another bad debt area is auto debt. While most people need an automobile, and the ultimate cost of an auto is higher than many people can pay in one lump sum, the way people go about it — namely, purchasing more car than they need — turns it into bad debt. “People [...]

Good Debt and Bad Debt II

Bad debt The concept of bad debt comes in when discussing the purchase of disposable items or durable goods or, in general, the use of high interest credit cards. “The problem is, people don’t realize that credit cards are just plastic cash,” says Chris Bender, Communications Manager for the National Foundation for Credit Counseling in [...]

Good Debt and Bad Debt I

The amount of personal debt is ever increasing, and a large part of the reason is that credit has never been easier to get. Whereas credit card issuers previously looked for customers who could repay, today card issuers relish the chance to reel in those who’ll continuously charge beyond their means at 18 or 20 [...]

Credit Cards

A fistful of credit cards is a good thing, right? Well maybe yes and maybe no. With a credit card you are able to receive money, goods, or services in the present in exchange for a promise to pay in the future. Used wisely, credit cards enable people to expand their income, immediately enjoy the [...]