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Personal finance mastery with a pinch of motivation.

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Entries Tagged as 'Credit Cards'

Living Without Credit Cards

January 6th, 2008 · No Comments

Recently my wife and I became 100% debt-free except for the mortgage. Not only have we paid all off all our non-mortgage debt, but we’re moving in the direction of closing all credit card accounts. I’m on board with this idea, but my wife is not. I understand this could be a six-month process convincing […]

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Tags: Credit Cards · Money

The FICO Score Flaw

September 9th, 2007 · 5 Comments

How often have you heard someone talking about their credit score? Often that person is applying for a mortgage and is concerned about the score. The Fair Isaac Corporation (FICO) invented the best known and most widely used credit score model in the United States. Wikipedia expands on the FICO score below: A FICO score […]

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Tags: Credit Cards · Money

Wilmington, DE Is Credit Card Hell

September 6th, 2007 · No Comments

Here’s a quick tip on how to sift through your snail mail without even opening the contents. Credit card companies are getting sneakier and trickier in an attempt to get you to just open the envelope. This is true in any direct mail campaign. The percentage of recipients that even open the envelope hovers somewhere […]

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Tags: Credit Cards · Money

Is Sears Looking Out For You?

April 26th, 2007 · No Comments

Recently I heard a caller on the Dave Ramsey radio show comment on her employment with Sears. She claimed her hours had been reduced by the company because she had not sold enough Sears credit cards or the MPAs (Master Protection Agreements) to customers. Now, I’ve posted about this topic before here and here but […]

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Tags: Credit Cards · Money

Do You Want To Put That On Your Kohls Charge?

April 12th, 2007 · 1 Comment

As I have mentioned before, it is not entirely far-fetched for a company to make more profits from its credit card business than the actual products they sell. In my article Secrets of the Big Box Stores I mention how during the 1980s Sears had a Discover Card division that became so profitable it was […]

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Tags: Best of Matt Hutter · Credit Cards · Money