Credit Card Rewards: Are They Worth it?

There are some negative aspects of credit card rewards programs, and they might not be worth using. Lets focus on five main points. The rewards cards encourage more spending than a person normally would spend, and therefore usually leads to more debt that far outweighs the rewards. The interest rates on these cards are much higher, and cash back rewards only give 1% cash back typically, which hardly makes up for the interest.

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Credit Card Rewards: Are They Worth it?

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    How does negative information impact my score?

    When it comes to credit ratings, there are two standards that you are judged by; FICO and Vantage Score. Of the two, FICO is the most widely used. In either case, a high score indicates that you are low risk. Negative information affects high scores more than it does for low scores. Just being a little behind on your payments to creditors can cause significant drops in your rating. As an example, you can drop 70-100 points for being late on a bank card, depending on which score set is being used.

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    How does negative information impact my score?

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      Do I have to pay an incorrect credit card bill?

      If you?re concerned about a transaction on your credit card statement that you don?t recognize, contact the billing company for clarification. If no contact information is available, call your credit card company and tell them. You will have 60 days from the billing date to provide them with details in writing. They will investigate and settle the matter either in your favor or the creditor’s.

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      Do I have to pay an incorrect credit card bill?

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        Got Debt? Consider the Snowball Method to Pay it Down Quickly

        If you have debt on multiple cards, the most rewarding way of paying it off is something called the Snowball Method. This method calls for a person to pay just the minimum payments on all loans except one. Rather than slowly pay off all cards, this method helps you pay off a card quickly, then another, then another. The benefit is that you get to see progress in the form of a $0 balance quicker than trying to pay off all loans at once.

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        Got Debt? Consider the Snowball Method to Pay it Down Quickly

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          Link Roundup: How to Reduce the Costs of Your Child’s Extracurricular Activities

          Kids can participate in after school activities that parents can afford. There can be ways to cut or prevent unnecessary costs. Expenses can be figured in with the information on hand. While there may not be a way to know all cost, having a general idea can save on last minute waste. It can be wise to check in with the kids to communicate the facts and their feedback.

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          Link Roundup: How to Reduce the Costs of Your Child’s Extracurricular Activities

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            Can a New Chapter 13 Bankruptcy Case Be Filed after Getting Dismissed?

            You may not have known that even if your chapter 13 bankruptcy case was dismissed you may be able to re-file the case. There may be new factors and changes that have occurred in your financial situation since the first time you filed. There are other reasons why your case can be re-filed. 

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            Can a New Chapter 13 Bankruptcy Case Be Filed after Getting Dismissed?

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              Why is my discharged bankruptcy still on my credit report?

              Everyone knows that bankruptcy hurts your credit. It is as obvious as the statement “chocolate is sweet”. However, you might not have known that even after you have served your time in bankruptcy purgatory a discharged bankruptcy can remain on your credit for years. Learn the ins and outs of how bankruptcy effects your credit score in this great article.

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              Why is my discharged bankruptcy still on my credit report?

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                Top 4 Benefits of Bankruptcy

                If you think you have to go bankrupt, there are several reasons why it would actually be a pretty decent idea. One reason is most debts qualify for a discharge. Another reason is there is instant protection from creditors through the automatic stay with bankruptcy. A third reason is there are options for handling secured debts. Finally, you will be offered legal protection of assets, which can help in figuring out income and property from creditors.

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                Top 4 Benefits of Bankruptcy

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