As the holidays approach, there are many ways consumers can prepare for shopping. Before hitting the malls, beware of debt regret, don't forget buying options such as layaway and make sure you call your credit card company to find out what warranties you may already have.
College students discuss their understanding of basic credit card terms - APR, Interest Rate, what happens if you miss a payment and how long it would take to pay off a purchase.
You'd think that debt collection would be booming these days, but even debt collectors are having trouble. They're more willing to cut deals, accept alternate payment plans.
CreditCards.com's Jeremy Simon talks about how unexpected items such as library fines, cell phone bills and speeding tickets can appear on your credit report and hurt your credit score.
College students talk about the social aspects of credit cards- like lending a card to a friend, getting stuck paying a bill, having a charge declined in the presence of friends - and more.
Students discuss how they may be able to lower the APR on their credit cards, how they can avoid finance charges and why paying off balances in full each month is important.
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