Thinking about paying your federal taxes with your credit card? Think again. While the Internal Revenue Service will accept credit card payments for taxes due, the IRS works with third-party collectors who charge a service fee per transaction.
Dear Creditnet: I need some expert advice. My credit score is in the low to mid 500's...sad i know! I have 7 credit cards that I use all the time, but they have low limits under $1,000. My work is commission only too, which often causes me to make late payments and then get hit with big fees. How can I better manage my credit cards and improve my credit scores?
Walk up to any department store checkout stand and you'll hear the same sales pitch: "Would you like to save 10% today by opening a Brand X credit card?" Experts say you should think twice before you answer.
[caption id="attachment_1849" align="alignleft" width="300" caption=" "][/caption] I can't believe National Protect Your Identity Week is almost over. I mean, it's almost like it didn't even happen this year. Such a shame. I did make a noble attempt to keep the holiday spirit alive by wishing some random people in the grocery store a "Merry Protect Your Identity Week" last night, but I wasn't feeling the love. All I received in response were some awkward stares and a completely empty aisle to compare my cereal options in peace. Come on people! Don't you care about identity theft?
The US personal savings rate has been in the news a lot recently because Americans seem to be saving more than ever. According to the Bureau of Economic Analysis, the personal savings rate reached a 15-year high in May at 6.9%. This means that for every dollar an American earns, he or she is putting a whopping $0.069 in the bank for a rainy day.