Interchange fees. I’ve talked about these before, but not in a post all their own. These little buggers are responsible for every consumer paying an average of over $400 a year in “fees,” whether they use a credit card or not. And, in my opinion, that’s worthy of a rant all on its own.
Hopefully, most […]
Welcome to the August 7, 2008 edition of the Finance Fiesta - Nachos edition. Mmmm! Wikipedia enlightens us about the origins of this delicious dish:
“Nachos originated in the city of Piedras Negras, Coahuila, Mexico, just over the border from Eagle Pass, Texas, around 1943 at a restaurant called the Victory Club. The account goes that […]
I read a story online about some of the stupid things people do with money and one of the comments was from someone in the banking industry. He said that he had a client who always came in for a cash-out refinance on his house whenever it appreciated.
According to the banker, the customer took out […]
According to a 2002 Stanford University study, there are 60 million Americans addicted to shopping.
Go ahead and snicker – a shopping addiction is sometimes seen as a bit of a joke, the ditz’s addiction. It’s plenty real, though. The medical term for it is oniomania and it comes from Greek words that translate literally as […]
As we all know, banks charge overdraft fees when an account is overdrawn. I’ve explained the reasoning for this before, why banks charge fees . There are many reasons, but one of the biggest ones is the fee income that is generated.
However, I’ve gotten a lot of questions lately from members who say their other […]
Washington Mutual is popping up a lot lately, what with their stock dropping and them raising their savings rates in response to their struggling balance sheets. However, I’ve heard questions about their credit card that offers you your FICO score for free. I found that interesting and thought I would investigate.
The WaMu card does offer […]
Well, it’s another blazing hot day here in Texas, so I think I’ll be staying in doors to get some reading done. I’ll start with a big thanks to Megan at Counting Pennies and Emily at Taking Charge for hosting Finance Fiesta’s this week. Both ladies did an amazing job and have lots […]
By now you’ve all probably heard that Randy Pausch passed away on Friday the 25th. In my opinion, that was a very sad day indeed as it is my belief that the world needs more people like Randy. If you’ve seen his ‘The Last Lecture’ speech, you were probably overcome with awe at his amazing […]
I’ve talked about credit card myths before, but I’ve discovered there are more out there. You may have heard of these, but let’s talk about them and see what you think!
Myth # 1: Your credit is not affected until you activate the card.
There has been some misconception about this with people – particularly those new […]
We all know college is a lasting experience that stays with us for the rest of our lives – sometimes in ways we wish weren’t the case. In any event, there are seven things college students can do to ruin their credit and believe me, I did them all. Where was this information when I […]
