By MIKE SELVON
 Consumers with reasonably good credit may receive several credit card offers in the mail each month. Companies may offer such things as a 0% introductory rate or low rates for balance transfers. While such offers may be tempting, it is wise to read the fine print on any offers you receive before applying for a card. You also need to evaluate your financial needs as well as your own debt management skills before choosing among the proliferation of cards being offered.
The first thing most consumers look at in credit cards is the annual percentage rate, or APR. While this is an important factor, it is not the only thing to consider when evaluating offers. You also need to look at things like finance charges, over-limit fees and late charges. These things can add up to a higher than expected bill.
If you plan to pay off your balance every month, then you should also look at the grace period. This is the period of time you have to pay off your balance before the company starts charging interest. In recent years, |
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By shelley bayol
 We are going through some very difficult financial times. The financial state of our country is in serious trouble. Even though the bailout has been approved, is it enough... or is it too little, too late?
In this article I will hit on one of the culprits of this mess: credit card companies. The main reason my clients come to see me is to get out of debt. We are a nation of debtors, not savers. Statistics prove that we are spending more than we make, and having credit cards allows us to do that... until now.
What will happen now? The ability to get credit will definitely change, they say. What will that do to your lifestyle? How will that change your choices?
I believe that it is important to godeeper to explore what is really behind the spending. We hear often: "Stop the debting cycle... learn to live within your means... pay off your debt." You might reply, "Easier said then done."
Spending, saving, and investing our money involves more than just accounting procedures. There can |
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