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

Before you apply for a balance transfer credit card, get the facts.

Banks advertise balance transfer credit cards as a money-saving debt fix. Of course, we know better. Balance transfers can reduce your interest costs and help you pay down debt, but only when used responsibly. Here are some safe handling instructions for credit card balance transfers.

So, You Want a Mortgage? What You’ll Need to Get Approved Fast

To get approved for a mortgage, you'll need to get your finances -- and your paperwork -- in order.

What does it take to get a mortgage? Yes, you need a good credit score, but here we look at what else you need before you apply for a home loan. Usually, this includes a job and a reliable income history that can be verified by at least two years of tax returns.

The Best Places for Your Short-Term Savings


It’s time to give yourself a ten-second financial check-up: Are all of your hard-earned dollars earning interest? Savvy investors know that every dollar deposited at a bank, brokerage, or financial institution should be making money… and that includes your short-term savings, cash investment balances, even your checking account. If not, you should be looking for […]

How to Lower Your Credit Card Interest Rate

When it comes to pulling the wool over customers’ eyes, banks issuing credit cards are the pros. And one of their favorite ways to trick you is to raise your credit card interest rate. Although new credit card laws make it more difficult for the banks to do it, don’t think you’re immune to a […]

Savings Interest Rates Suck, But Here’s What You Can Do About It

Today, I want to tackle a common question: When savings account interest rates suck, how else can you get a return on your cash? Here’s how one reader phrased it: I’m a single young professional without any debt. I make a decent living. I have a 401(k), Roth IRA, and an emergency fund. Currently my […]

How To Take Advantage of Rising Interest Rates

As the economy recovers, interest rates will start to increase. To many, rising interest rates are a bad thing because they lead to higher rates on mortgages, auto loans, and credit cards. Although it’s true that higher rates can hurt, rising interest rates can also be a good thing because you can earn a greater […]

My Credit Card Raised My Interest Rate! Here’s What to Do

Stories of credit card companies raising interest rates on just about everybody—even customers with perfect credit, no debt, and no late payments—continue to roll in. That’s because the CARD Act takes effect this winter and will restrict credit card companies’ ability to raise interest rates on existing customers. If you thought credit card companies were […]