What is the Card Act of 2009?
In 2009, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) to address a growing number of predatory and unfair practices in the credit card industry.
Are Credit Card Rewards Taxable Income?
Credit card rewards are generally exempt from federal income taxes; however, there are cases where they might be included in your income.
Top 5 Best Habits for Using Credit Cards
Credit cards can be a great way to build credit and earn rewards; however, they should be used responsibly. In this article we detail some Top 5 best habits for credit card use.
How Does a Personal Loan Impact Your Credit Score
A personal loan is a common way to consolidate debt and pay for unexpected expenses. It's important, however, to understand how personal loans impact your credit score.
What is a Prepayment Penalty for Personal Loans?
If you borrowed funds through a personal loan, you may find yourself in a position to pay the balance early before the term expires. Before making that early payment, you should consider whether the lender charges a prepayment penalty.
Debt Avalanche vs. Debt Snowball – Which Method Works for You?
The average debt per U.S. household in 2024 was over $100,000. Families generally have debt related to student loans, credit card balances, mortgages, and automobile loans.
Will LLC Debts Impact Your Personal Credit Score?
Many small business owners open credit cards and lines of credit for their legal entities. What is often the case, however, is the owner must provide a personal guarantee for the debts and have a credit check.