What is Credit Card Churning? Dangers and Benefits

Credit card issuers have consumers right where they want them, lending money at high-interest rates and earning money from many different fees. Even reward cards benefit the issuers, because all the additional perks and rewards they provide are covered by the increased merchant fees, which essentially means the credit card company offers you extra money to incentivize you to spend, and […]

What is Credit Card Churning? Dangers and Benefits is a post from Pocket Your Dollars.

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How to Get Approved for Credit in a Financial Downturn

In a recession it’s common for many people to rely on credit cards and loans to balance their finances. It’s the ultimate catch-22 since, during a recession, these financial products can be even harder to qualify for. This holds true, according to historical data from the Federal Reserve Bank of St. Louis. It found that […]

The post How to Get Approved for Credit in a Financial Downturn appeared first on Good Financial Cents®.

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Credit Card Payoff Calculator: When Could You Reach Financial Freedom?

Have credit card debt? You’re not the only one. It’s reported that 43 percent of households carry credit card debt month after month. While credit cards can be a great tool to build your credit score, they can easily impact…

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The post Credit Card Payoff Calculator: When Could You Reach Financial Freedom? appeared first on MintLife Blog.

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What Is “Accessible Income” on a Credit Card Application?

If you’re applying for a credit card, you might stumble upon this term “accessible income.” In fact, that’s the only situation in which you will come across the term: on a credit card application. So, you need to know what it is. Accessible income is not just income you earn from your regular job. Rather, …

The post What Is “Accessible Income” on a Credit Card Application? appeared first on GrowthRapidly.

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What Happens When You Pay Off Your Car Loan?

According to the Consumer Financial Protection Bureau, around 2.3 million car loans originate every year. Car loans can take years to pay off. So when you finally pay it off, you might be wondering—now what? What happens when you pay off your car? What should you do with the money you were previously putting towards… Read More

The post What Happens When You Pay Off Your Car Loan? appeared first on Credit.com.

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A Guide to Rental Reimbursement Coverage

You’re involved in an accident, your car is wrecked, and your insurer has stepped in to cover the damages. All is well, and you only have the deductible to worry about, but what happens before the car is fixed? How do you continue to get to work every day and take the kids to school […]

A Guide to Rental Reimbursement Coverage is a post from Pocket Your Dollars.

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How to Get Cheap Car Insurance

For many people, car insurance is a major expense category in the household budget. And because it’s against the law to drive without car insurance, it’s not a budget item that can be eliminated unless you’re willing to go car-free. … Continue reading →

The post How to Get Cheap Car Insurance appeared first on SmartAsset Blog.

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What Is A Contingent Beneficiary?

A contingent beneficiary is a person, estate or trust that receives the assets of a person who dies if the primary beneficiary, for any reason, cannot receive the assets. It is commonly recommended by attorneys when their clients are making a will to have at least one contingent beneficiary. It is possible to have several […]

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How Much Does It Cost to Refinance?

For millions of American homeowners, their mortgage payment is one of their greatest financial commitments. With mortgage rates hitting record lows this year, it’s no wonder that people are interested in the possibility of refinancing their homes. Instead of only…

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