Credit card Archives - Your Family Finances

Start Your Kids Right with a Credit Union Account

It’s never too early to start teaching your child good financial habits. It’s important that they understand how to handle money responsibly, such as learning how to budget and what savings are. You can help your child establish good financial habits by setting up a credit union account for them. The following is a list of benefits that your child can reap from having a credit union account.

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How to Get Money to Cover an Emergency Repair

Debt / By Brooke Chaplan

At some point, your car is going to break down, your home’s roof is going to start to leak or an appliance is going to stop working properly. While you can’t pinpoint the exact time an issue may arise, there are things that you can do to fix the issue in a timely manner. The best option is to have an emergency fund to cover the cost of the repair. But what if you don’t have the savings? Then you must borrow the money. If that is your only option you want to arrange for the best terms possible.

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How Does Your Debt Compare?

Money Management / By Tim McMahon

Household debt continues to accumulate but not for the reason you may think. While spending is at an all-time high, so is the true debt builder: Interest. Interest rates vary across different types of loans, but the sheer amount of the loans makes the interest accumulate to staggering amounts.

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Poor Credit Got You Down? Try This…

Credit Rating / By Tim McMahon

A bad credit score hurts you in many ways, it not only prevents you from buying stuff, it also raises the interest rate you have to pay on stuff you do buy. People with Good Credit Pay Lower Interest Rates. So how do you improve your credit score?

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Post-Holiday Financial Blues: How To Make A Recovery After The Holidays

Money Management / By Guest Author

The holidays are a strain to most peoples’ bank accounts as they spend money giving gifts and being festive. You’re likely no exception and might find yourself feeling extra stressed out financially once the New Year starts and you realize how the holidays affected your spending and budgeting. Take measures to help yourself recover and get back on track to your goal of being financially responsible by spending less and saving more.

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Family Action Plan: How to Eliminate Credit Card Debt

Credit Cards / By Guest Author

Credit card debt can sneak up on the best of us. After all, there’s just so much stuff to buy. There are new shoes, video games, and that out-of-state trip to Vegas. Unfortunately, the interest rates cripple your bank balance and you soon find yourself in credit card debt. You can feel as if you

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How to Up Your Credit Score

Credit Cards, Credit Rating / By Guest Author

Credit is crucial. In fact, your credit score determines your ability to procure auto loans, credit cards and home mortgages. Some might say that it can make or break your financial future. Main Credit Scoring Agencies There are three major consumer credit reporting agencies that operate in the United States: Equifax, Experian and Transunion. When a lender considers

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How to Juice Up Your Credit Score

Credit Cards / By Guest Author

By Alex Summers Your credit score is one of the most important numbers in your financial life. No matter what you think about credit and debt, there’s no shaking the fact that a lot of companies use your credit score to make decisions about you. Everyone knows that banks and credit card companies use your

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Credit Utilization Ratio and Your Credit Cards

Credit Cards / By Tim McMahon

What is a Credit Utilization Ratio? When it comes to your credit score, we all know that things like your account and payment history are factored in. However there is one important component that most people aren’t even aware of – your “credit utilization ratio”. In a nutshell, it is the percentage of available credit which you

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10 Ways To Ensure Online Credit Card Security

Credit Cards, Money in the UK / By Guest Author

Shopping has never been this convenient… with the Internet boom and just a few mouse clicks, you can preview all the information you need to decide whether you’re going to make a purchase. Are you looking for the latest novel by your favorite author? Just log on to Amazon and order the book in just a

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Credit Card Ground Rules for Young Adults

2 Comments / Credit Cards, Students / By Tim McMahon

Credit cards can be a useful tool in helping build a credit rating. You can help the young adult in your family to learn good money management skills and avoid racking up debt with their credit card by setting appropriate and responsible limits on the credit card. Here are a few helpful ground rules that

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Managing Debt for a Better Tomorrow

Money Management / By Tim McMahon

By Tim McMahon, editor If you are one of the millions in debt, then you are no stranger to the harassing calls from creditors at all hours and the burdens related to being in debt. Some may say good credit doesn’t matter… but sooner or later a time will come when you will hit a

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