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The best way to stop credit card offers is to sign up for an opt-out service that requires a fee to keep credit card companies from sending offers. Prepare to continue receiving credit card offers for a short period of time after signing up for an opt-out program with insight from a registered financial consultant in this free video on credit cards.
Good credit cards for teenagers are ones with small lines of credit that can cover the daily costs of a teen's food and gas. Monitor a teenager's credit card statement to ensure that they are paying it off in full with tips from a registered financial consultant in this free video on teen money management.
Debt consolidators are primarily hired by credit card companies to get people with credit debt to pay some part of their debt. Be cautious of debt consolidators using the fees paid for their service to pay off credit card companies with insight from a registered financial consultant in this free video on credit debt.
Balance transfers work by moving the balance from one credit card to another card with a lower interest rate in order to consolidate debt. Be cautious of excess fees for balance transfers with advice from a registered financial consultant in this free video on credit cards.
Debt consolidation loans allow consumers to pay off credit card bills with the help of a bank loan. Consumers should be mindful not to go back into debt after paying off credit cards. Find out more about debt consolidation with information from a registered financial consultant in this free video on money management.
ATM machines work by taking a credit or debit card into the machine, requiring a PIN code and allowing a user to withdraw money in different amounts. Be mindful of time increments when using an ATM machine with advice from a registered financial consultant in this free video on ATM machines.
A certificate of deposit, or CD, is an instrument used by banks to get clients to come in with cash that they want to earn interest on. The interest rate on CDs is often higher if the money if left with the bank for longer. Be aware of penalties for early withdraws of CDs with information from a registered financial consultant in this free video on investments.
Checking accounts allow people to deposit money and pay bills in a way that keeps a permanent record of transactions. Keep track of checking account transactions with a ledger using advice from a registered financial consultant in this free video on checking accounts.
Credit ratings are created by three different rating agencies in the United States. A credit score can be affected by credit card balances, employment status and cash flow. Maintain a good credit score to show potential employers and loan agents responsibility with advice from a registered financial consultant in this free video on credit scores.
Banks work by accepting deposits on cash accounts and loaning out money to earn interest. Find out how banks work on a margin to become profitable in a short period of time with information from a registered financial consultant in this free video on banks.
A budgeting loan allows consumers to consolidate household bills, pay off those bills with a bank loan and make a single payment each month to the bank. Pay off budgeting loans for 36 to 48 months with tips from a registered financial consultant in this free video on money management.
Interest rates affect the economy positively when they are down and negatively when they are up. Find out how economic recession may change the way interest rates affect the economy with information from a registered financial consultant in this free video on interest rates.
Interest rates work by allowing banks to make money off of consumers for loans and debts. A lower interest rate will allow a consumer to pay off a loan more quickly and with less money. Obtain low interest rates on loans by having a good credit score and using advice from a registered financial consultant in this free video on interest rates.
Loans allow people to make large purchases, while also allowing banks to make a profit through interest on the loans. Find out what is required to get a business or personal loan with information from a registered financial consultant in this free video on loans.
Savings account interest rates allow the consumer to earn interest on money kept in a bank savings account. Discover how banks compete over consumers using savings interest rates with information from a registered financial consultant in this free video on savings accounts.
Zero percent interest on a credit card is usually offered by credit card companies for a limited time in order to lure customers. Use balance transfers to move credit debt around once the initial low-interest period ends with advice from a registered financial consultant in this free video on money management.
A block on a credit card is used to keep vendors from charging credit cards for services that have been previously rendered. Manage a credit card efficiently by using credit card blocks with advice from a registered financial consultant in this free video on credit cards.
Each credit card has its own unique series of numbers, usually 16 digits, designed to identify the card. Find out how the expiration date and security code are also used to identify credit cards with information from a registered financial consultant in this free video on credit cards.
Prepaid credit cards are used to rebuild credit. Consumers will deposit money into an account and use that money to spend with the credit card. Learn how credit card companies will eventually allow the consumer to use regular credit cards after a prepaid card with information from a registered financial consultant in this free video on credit cards.
A construction loan works by providing the builder with a loan that allows for several small draws for different stages in the building process. Take out a permanent construction loan for the mortgage of a building once it has been built with advice from a registered financial consultant in this free video on loans.
A credit bureau is a large computer installation that works with credit card companies, vendors and individuals to monitor credit activity and report information on credit worthiness. Request a credit report from a credit bureau in writing with advice from a registered financial consultant in this free video on credit.
Credit card affiliates are companies that brand a credit card for use by private customers interested in specific purchases. Learn how affiliated credit cards allow credit companies to grow their business with tips from a registered financial consultant in this free video on credit cards.
Western Union offers prepaid Visa credit cards with no credit check by allowing consumers to pay a Western Union representative to generate a prepaid card. Find out about the large fees associated with Western Union prepaid credit cards with information from a registered financial consultant in this free video on credit cards.
Getting free credit reports by mail requires sending a registered letter to each of the three credit reporting agencies. Monitor credit reports regularly to prevent identify theft with help from a registered financial consultant in this free video on credit reports.
Get help with debt problems by contacting a consumer credit counseling service, an attorney or by simply avoiding debt in the first place. Identify the difference between good debt and bad debt with help from a registered financial consultant in this free video on debt and money management.
Finance, whether personal or corporate, refers to money management. By creating a personal budget and managing money, one can organize personal finances to avoid debt caused by frivolous spending. When a surplus of money is formed, investing is an option that makes money work harder. Investing varies from low-risk certificates of deposit to high-risk stocks. Being smart with money can create a healthy savings for the future or retirement. In this free video series on money management, a registered financial consultant explains credit cards, debts and bank accounts. Learn how savings accounts and checking accounts work. Find out how interest rates work and how debt consolidation works. Get information on consolidation loans, construction loans and credit reports. Improve money management skills by learning how the finance world works with information from these free videos.
Patrick Munro Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and brokerage industries. His goal for providing personal service to the senior market began in 1997 after relocating his family to Wilmington, N.C., and the founding of NorthStar Financial Advisors. Munro provides highly personal service to clients all over North and South Carolina, helping them to identify tax savings through various safe financial products and utilizing the various tax strategies available to seniors to protect their assets. In addition, Munro helps many clients eliminate the financial threat of long-term care and offers ways to avoid the unnecessary difficulties of probate court. He is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.dkdk
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