Ways to Avoid Holiday Credit Card Debt

December 16, 2011

The malls are already decked, and the holiday spirit is all around, with Canadians feeling jollier and in a gift-giving mood compared to last year. The median budget is about $477, while those whose income is over $150,000 are ready to spend $816 on average (CBC News Canada). A recent survey by Ipsos Reid is […]

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How Credit Card Debt Affects Your Health

December 5, 2011

Debt problems can affect your health in many ways, leading to depression, explosive emotions, and heart attacks. Negative bank statements, visions of collectors, foreclosures, impending lawsuits, and repossessions can spook anyone out of sleep. In fact, young persons who have credit card balances of more than $1,000 use more prescription medications for depression, smoke more, […]

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Small Commercial Websites: the Greatest Threat to Credit Cards

November 27, 2011

Most of the people who do their shopping online feel safe performing e-commerce operations because they are sure their credit card information is protected. After all, so many experts out there assure us that this is the case and we need not feel anxious when visiting commercial sites and buying things from e-merchants. This is […]

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How to Avoid Credit Card Relief Scams

November 23, 2011

Most people scoff at hearing they can work from home and become billionaires. Many will laugh at the idea of a magic pill, which can make you look like a model in 24 hours. But when they hear that a debt relief program will wipe out their debts, they wonder if this is possible. With […]

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Chip Requirements: Challenge to Using a Credit Card Abroad

November 13, 2011

For many, using a credit card abroad is safer than carrying cash. While this is a popular strategy, there are some challenges to using a credit card abroad.  Travelers who use North American cards, for example, may have mixed success when they try to make incidental purchases or go shopping. The same is true for […]

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The Canadian Credit Card Conundrum

November 8, 2011

Canadians are known the world over as kind, gentle folk, who are fond of the outdoors and hockey, and always willing to help a friend in need. And in most cases, this is true. But just because you are a Canadian, it doesn’t mean that your bank manager isn’t out to skim some dollars off […]

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Quickest Way to Become a Victim of Credit Card Fraud

October 30, 2011

There are a few things you will not share even with your family, like your underwear and your credit card. This sounds commonsense, but it actually isn’t for some people. Surprisingly, 15 percent of cardholders will lend their credit card to another person, and 14 percent of Canadians will disclose their PIN to others. Is […]

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Are Parents Responsible for a Child’s Card Debt

October 23, 2011

Many parents find it difficult to deal with the fact that their kids have accumulated thousands of dollars in credit card debt. Should they help out or leave their children face the consequences? It depends. Young people may use their credit cards to survive a layoff, meet school-related expenses, or splurge for awhile. In any […]

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The Worst Purchases to Charge to a Credit Card

October 19, 2011

Some purchases should not be charged to a credit card because for credit card issuers they signal you are a client with questionable finances. While swiping a credit card may be convenience for many, credit card companies keep a close eye on all types of charges hitting card accounts. And in fact, using cash takes […]

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Can You Pay Your Mortgage with a Credit Card

October 10, 2011

You can charge just about anything on your credit card, but does this make sense when it comes to mortgage payments? It depends on how you go about it. If you lived in the US, you could switch your mortgage to a company, which offers payment services for mortgage payments (e.g. American Express). This is […]

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