When you think of the rapper, Nelly, you imagine that he has money. Apparently not, if you regard his latest gesture toward American Express. It seems that Nelly has not bothered paying his credit card statement.
It was just a few years ago consumers would only pay with plastic. According to many financial gurus it was the most recommended way to build credit. Fast forward three years and over the 2008 financial crisis many consumers are frantically wondering how to pay off their debt. If it’s possible to burn your financial… [Read more…]
College doesn’t guarantee employment. It’s important to create a feasible plan without drowning in debt with room for adjustment. Parents, begin with creating a 529 College Plan. This will prepare your children for college. More importantly, you don’t have to initiate a large deposit to open an account. The younger (sooner) you begin, the better… [Read more…]
Reported by Bahiyah Shabazz, MBA Cheat (v.) ~ To deceive. There are times when items magically appear in the household. The spouse may claim that it’s years old while the tag is dangling from the sleeve or the shoes were never worn. It becomes a problem when multiple items are discovered unbeknownst to the partner. In any… [Read more…]
Reported by Bahiyah Shabazz, MBA They offer an introductory low rate, security for your transferable funds and possible perks. In exchange for transferring your funds from one credit card to the other, you have temporary relief on revolving interest. The credit card with no or low introductory interest may not pay off in the end.… [Read more…]
Smothering of plastic still holds true to this day. Now, many adults are being warned about playing with plastic. Credit cards are smothering and killing household finances. The excitement of its features has come to an end.
Reported by Bahiyah Shabazz, MBA Somebody has smelled the coffee. Consumers are wide awake and not spending as much with their credit cards. I don’t know if it’s because they’re all maxed out or people are trying to pay down debt. Consumer credit card spending is down 23 consecutive months. Credit card companies are feeling… [Read more…]
Reported by Bahiyah Shabazz, MBA The designer pair of Marc Jacobs were calling your name. The sales representative informed you that the store had an additional sale. You were going to a special event and it was the last pair. It was a personal reward for all your effort at work. Whichever, excuse you want… [Read more…]
A credit card settlement can initially save you money, but cost your thousands in over time in high interest. This quick acceptance can damage your credit score and take years to improve.
December 26, 2011
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