Credit card

Many people have credit problems.  How advisors can help you.

Many people have credit problems. How advisors can help you.

Elevate research shows that 15% of people with less than optimal credit scores earn an individual income of more than $100,000 per year. Additionally, new data from CreditCards.com shows that while credit card debt is most prevalent among the lowest income earners, 37% of those with a month-to-month balance earn at least $100,000 a year. …

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A man bikes past the New York Stock Exchange Wednesday. Markets are watching the path of interest rates closely, as the Federal Reserve announced another increase. (AP Photo/Peter Morgan)

The Federal Reserve is raising rates again. When will mortgage and credit card interest rates stop rising?

A man cycles past the New York Stock Exchange on Wednesday. Markets are watching interest rate developments closely, with the Federal Reserve announcing another hike. (AP Photo/Peter Morgan) Peter Morgan PA When will this spike in mortgage and credit card interest rates end? Maybe early next year. But not anytime soon, experts said Wednesday. A …

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US credit card debt continues to climb (blame higher prices)

US credit card debt continues to climb (blame higher prices)

Financial debt is to consumers what an interception is to NFL quarterbacks – a big step backwards, only on the wrong side of the financial grill. Yet that’s exactly where a growing number of American credit card consumers find themselves in the second half of 2022, with plastic debt a growing problem. CreditCards.com has the …

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What's the best way for you to start investing?

What’s the best way for you to start investing?

(Javier Simon) So you want to start investing. But when you’re bombarded with a multitude of investment platforms, it can be difficult to determine which type is right for you. Do not worry. I’ll help you determine which approach to take based on your financial situation, investment goals and risk tolerance. Make sure you’re ready …

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Will the economy get worse?  Consider increasing your credit limit before he does.

Will the economy get worse? Consider increasing your credit limit before he does.

Leaning on a credit limit in a faltering economy is like expecting a weak bridge to weather a storm and lead you to survival. It is not uncommon for credit card issuers to minimize their risk by lowering credit limits or closing accounts when there is a risk of economic distress. Credit card issuers took …

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Should you buy a car in 2022?  Here's what consumers need to know to beat high vehicle prices

Should you buy a car in 2022? Here’s what consumers need to know to beat high vehicle prices

Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles. According to Kelley Blue Book, the average price …

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The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

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