In the News

By: Aly J Yale | Source: CBS News MoneyWatch

“Credit card issuers decide their interest rates according to their own formulas,”

By: Brendan Dyer | Source: CBS News MoneyWatch

“The American Dream can turn into the American Nightmare real fast if you make bad financial decisions and if you don’t understand the long-term ramifications of those decisions,” “Taking equity out of your house to pay for things that are going to depreciate, like a car or a vacation, or paying off credit cards, is not a smart move.”

By: Eric Bank | Source: BadCredit.org

“Instead, with the CFPB diminished, I expect 2026 to be the Year of Bad Actors,”

By: Max Klaver | Source: The Miami Herald

But since many Americans lack access to reliable public transportation, “cars aren’t an option, they’re a necessity,” especially for working adults, said Howard Dvorkin

By: Emily Hayes | Source: US News & World Report

“That’s because lenders love it when you regularly pay off what you owe. So your credit score reflects that in something called credit utilization ratio,” “Credit utilization ratio is just a fancy way of asking, ‘How much of your available credit are you actually using?’ It’s such a big deal it represents 30% of your credit score.”

By: Daniel de Visé | Source: USA Today

“This one was a little shocking,” said Howard Dvorkin, chairman of Debt.com. “And it kind of makes sense.”

By: Ben Luthi | Source: US News & World Report

“These requirements are fairly standard among all credit card companies,”

By: Aly J Yale | Source: Money Watch – CBS News

“Credit card issuers are some of the most nervous corporations in the world,” “They loathe uncertainty, and we’re neck-deep in that right now. I expect nothing to change very much for a long time.”

By: Amy Boyington | Source: Credible

“If someone is struggling just to make minimum payments on their credit cards, then a loan solves nothing. It just delays the inevitable financial crash.” “If you’ve successfully emerged from debt consolidation, you don’t want to undo everything you just accomplished,” “Never use a credit card to spend money you don’t have. Consider your plastic as a cash replacement, not a floating loan.”

By: Forbes Finance Council | Source: Forbes

The signal-to-noise ratio is highest during the holidays, so a big spend on brand awareness won’t travel nearly as far. Unless your only busy season is the holiday season, spend just enough not to lose awareness among your competitors. Then ramp it up later when prices are cheaper and the market is quieter. Create your own brand awareness season with sales and education during the rest of the year.

By: Saundra Latham | Source: Cheapism

“If I had a dime for every time one of my clients asked me, ‘Should I buy silver or gold during a recession?’ I still wouldn’t buy or invest in silver or gold. Precious metals do skyrocket in value during recessions, but silver and gold don’t help you when you have bills to pay,”

By: Cassidy Horton | Source: AOL

“Nearly two-thirds of your credit score is determined by just two factors: payment history and how much you owe,” says Howard Dvorkin, CPA and chairman of Debt.com.