Some people think the United States should cap the interest rates credit card companies are allowed to charge, but the …
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Ouch — Average Credit Card APR Now Tops 15 Percent
We’ve started 2012 on a troubling financial note: credit card interest rates are hovering near record highs.
Layaway: Worse Than Using a Credit Card?
There are reasons that layaway went away. As more Americans gained access to credit, most stores got rid of layaway plans, which allow customers to pay off big purchases over the course of a few weeks or months. Stores preferred …
How You Slowly Lose Money with Bank Accounts
Banks used to be good not just as holding pens for your money, but as places your money could grow slowly but surely. But considering the evil combo of rising fees and pathetic interest rates, the net result is a slow but sure loss of value even when there’s not much inflation. The main reasons for putting money in standard checking and …
What the Heck Is a Health-Care Credit Card?
Long story short: It’s something you don’t want. Why? For one reason, when you sign up for such a card, you can be charged thousands of dollars for treatments and services before they’re even provided.
Word of the Day: “Unbanked”
The growing list of hard-times, recession-era words and phrases like mancession and recession porn welcomes a new member: “unbanked.” If the word applies to you, you might be paying nearly 1000% interest on short-term loans.
