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Archive for: Credit & Debt

Pros and Cons of Using 0% APR Credit Cards for Purchases

I was chatting with a friend the other week who mentioned he was thinking about getting a new credit card – one with a 0 percent APR on purchases for over a year – to finance a couple of home improvement projects he had coming up. Pros of making pu … [Read more...]

In an Emergency, How to Borrow Money From Your IRA

On Feb. 14, Money Under 30 ran my column about the five (and only five) times it might be OK to tap a retirement account. Little did I know at the time that I'd soon put one of those scenarios to the test. In that column, I interviewed Eleanor … [Read more...]

Beware Credit Cards That Do Not Report Credit Limits to Credit Bureaus

Most credit cards report three pieces of information to the three credit bureaus: Your payment history Last month's balance Your credit limit Your payment history shows that you pay on time -- or not! Last month's credit card balance … [Read more...]

Facebook, Texting Increases Your Risk of Identity Theft: Here’s What to Do

As part of the under-30 crowd, readers here have more social media savvy than any generation in history. That's the good news ... now the bad: Social media and mobile platforms represent the new frontiers for identity fraud, according to a 2012 … [Read more...]

Our Credit Isn’t Perfect; How Can We Prepare to Get Home Financing?

Q: I’m 27 and recently got married. My husband and I are ready to buy a home. We have enough saved for a down payment, but his credit isn’t great because of a couple of credit cards he didn’t pay about four years ago, and we’re nervous about getting a … [Read more...]

Before You Apply, What You Need to Know About Balance Transfer Credit Cards

If you’re struggling with credit card debt, a balance transfer credit card can save you money on interest while you repay it. Fortunately, I haven’t used balance transfer credit cards in a long time (because I haven’t carried credit card debt in a … [Read more...]

Student Loan 911! A Guide to Student Loan Repayment Options

Wherever you are in your relationship with student loans -- the horrifying honeymoon (I have to pay back how much!?) or the later years of relentless payments that leave your bank account as dry as a desert -- it pays to review your student loan … [Read more...]

Private Student Loan Refinancing and Consolidation with Credit Unions

Paying for education ranks among the largest, most complex financial decisions of your life. Unfortunately, it’s also one of the most misunderstood. Because college financial aid offices usually connect students with loans – both federal and private – … [Read more...]

Build Credit by Paying Rent

Want to build credit? You have to borrow money, right? Maybe not anymore. Last week, I wrote that not building credit soon enough ranks among 20-somethings’ biggest financial mistakes. You think you’re smart to avoid debt only to get stuck a few … [Read more...]

Best Credit Cards For Young Adults

So as a personal finance blogger who has a lot of personal experience with credit cards (both good and bad) I get the question "What are the best credit cards for young adults?" a lot. Or some variation: I'm a recent high school or college … [Read more...]