Category Archives: Credit Cards Articles

Facebook Question: Weddings and Money

June 14, 2011   Daniel Murphy   No comments

That’s the question we asked our Facebook fans, and here are a some of our favorite answers!

What’s your budget?

Budget, Budget, Budget! It is an absolute must to have a budget on paper and stick to it! (Ranee A.)

Don’t blow ten, twenty, thirty, forty Gs or more on a four-hour party. Elope!! (Phil M.)

Party down!

I kept the wedding just to parents and grandparents, and the reception was the next day and it was a potluck and everyone loved it we spent about $600 total with everything, including cake and clothes. (

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  Tags: Question, Question Weddings

Credit Card Non-Payments Hit a Record Low

June 01, 2011   Daniel Murphy   No comments

The Sacramento Bee newspaper reported in early May that according to the major credit rating agency Moody’s, defaults on credit card payments are about to hit their lowest level in 20 years. Credit card defaults will reach a 20-year low by next year, Moodys Investors Service said Monday, as card issuers remain choosier in their lending practices.

For the past few years card companies have dealt with billions of dollars worth or lost revenue due to uncollectible credit card debt. They made it harder to get credit card applications approved, they raised penalties and rates, and they lowered lines of credit for their customers. B

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  Tags: Credit Card, Low

Down Payments: What You Need To Know

May 31, 2011   Daniel Murphy   No comments

When you buy real estate, it’s very exciting. First, you shop until you find your dream home (or maybe your dream home minus some bedrooms and closets). Then, you write possibly the biggest check of your life.

What is it? W

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Banks Want Laws to Make it Harder for Some to Get Cards

May 28, 2011   Daniel Murphy   No comments

Credit card issuing banks are lobbying federal regulators in an attempt to put restrictions on who qualifies for a credit card. Under their proposed changes, for example, if your spouse makes the family income but you stay at home and don’t draw a salary because you are raising kids or caring for a sick parent then you won’t be eligible for a credit card of your own.

The card companies argue that giving cards to people who do not have any verifiable income is a mistake, and that many people who fall into that category end up defaulting on their payments. Bla

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  Tags: Make, Make Harder

College Grads: 3 Quick Tips for Your Job Search

May 21, 2011   Daniel Murphy   No comments

If you’re graduating this spring and you don’t have a job lined up, you mayhave a tough time finding one. Even graduates from the class of 2009 are still finding their degrees not as useful as they had hoped. A study reported by the New York Times shows that of all 2009 graduates, 22.4% aren’t working. Of the 77.6% with jobs, 22% have jobs that don’t require a college degree.

These numbers are bleak, but not impossible to overcome.

In a study reported by CBS, 55% of college graduates believe their education helped them prepare for a job or career.

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  Tags: Job, Job Search

Profits Surge ahead at MasterCard

May 17, 2011   Daniel Murphy   No comments

MasterCard saw its first-quarter profits spike by nearly 25%, outpacing the predictions of industry analysts. The company reported a profit of $562 million versus last year’s results for the same period of only $455 million. The surge in revenue is being attributed to the fact that consumers are using their credit cards more to make routine purchases.

The companys shares gained more than three percent in response to the positive earnings report, and MasterCard’s CEO said that while company growth was widespread, much of the positive news can be traced to the American consumer who is spending more with credit cards, including discretionary purchases.

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  Tags: Mastercard
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