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05.04.11 BALANCE
Posted under: Checking, Credit, Debt, Investing, Loans, Money Management, Saving Posted by:

So I wanted to let everyone know some exciting news from Georgia’s Own.  GOCU and i[x] are proud to announce your newest benefit of membership: BALANCE Financial Fitness Program.

BALANCE is a free and confidential money management tool to help you stay on the path to financial freedom.  Whether you’re interested in developing an easy spending and savings plan, getting out of debt, taking a look at your credit report,  or buying a home, i[x] and BALANCE can help.   They have chapters for you to look over and even provide a quiz to allow you to test your knowledge of the subject.

BALANCE also has counselors available throughout the day to answer any questions you might have.  To use the program, visit BALANCEpro.net or call 888-456-2227 to begin taking advantage of this FREE resource!

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05.10.10 How to Get a Credit Card with No Credit
Posted under: Credit Posted by:

OK, so you see me posting stuff about having good credit, maintaining a good credit score and paying off credit card bills, but you may be asking “Do you have a credit card?’  Well the answer is no, but I am about to start the process of obtaining  one and wanted you to be able to follow the journey and see for yourself how it works.  I know many of you may be like me in that you may have little or no credit history.  So, I will be calling the credit card company tonight to see what I need to do to get approved for a card.  I will try to post an update later.  Follow me on Twitter for play-by-play.

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03.09.10 Kids and Credit Cards-How young is too young?
Posted under: Credit Posted by:

Do you have an opinion on this? A lot of parents out there do. Good Morning America aired a segment on ABC this morning where they sat down with a group of parents and Mellody Hobson to discuss this hot topic.

The interesting finding? Of the parents polled, 71% said that they are opposed to giving their kids a credit card before the age of 18, but GMA financial contributor Mellody Hobson disagreed with these parents. Check the article out and decide where you stand on this issue. 

Give us your feedback below on why or why not you agree and what age you think is credit card appropriate.

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02.23.10 New Credit Card Rules
Posted under: Credit Posted by:

You may have heard recently about the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) that went into effect February 22, 2010. You may not, however, have taken the time to look it over.

Smartmoney.com has a great article that outlines the main changes that you need to know about. These things do affect you if you have, or plan on getting, a credit card. Rules have especially changed for college students. If this is you, take a few minutes and check out the article, because when it comes to credit, ignorance is not bliss…it’s downright dumb.

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02.18.10 Got a Credit Card? Use it Correctly
Posted under: Credit Posted by:

Credit cards can be a tricky thing.  They can be a great tool by helping raise your credit score, but they can also dig you into a rut if you don’t know how to properly use yours.  Here are some helpful tips if you have a credit card or are considering one:

1.Picking the right card is important.  Look for companies offering the lowest interest rates possible.  Also, try to find a card that gives you points back.  So if you are a traveler, there are cards available to help you earn points for airplane trips.   Or there are cards that will support charitable organizations.  These allow you to earn a little extra instead of only points towards your credit score.

2.Pay off your balance every month.  If you can’t pay it off in full, at least try to pay a little more than the minimum. This will save you money on interest charges and also enhance your credit rating. 

3.Protect against fraud.  Make sure to keep an eye on your monthly bill for any unusual purchases.  Use caution when using your card number over the phone or Internet.  If you ever suspect anything unusual is going on, report the activity to your provider immediately.

Do any of you guys have credit cards and want to shed some light on using it the right way? Anybody else have questions they would like to ask?  If so, please share in the comments section below.

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