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Tired of overdraft fees? Sign up now for this free fee-blocking app
Banks make big bucks from overdraft fees — more than $11.6 billion in 2019 alone, according to one study from the Center for Responsible Lending. And those fees, which are charged to customers when they spend more than they have in their bank account, can add up quickly. A single overdraft fee, which hovers around […]
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Good and Bad Debt: Understanding the Difference
When you’re considering borrowing cash, there’s a lot to think about. You may have a lot of questions, but let us at CESI Solutions help guide you.
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Americans Had Jobs, Consumer Confidence—and More Credit Card Debt in 2018
Unemployment was historically low and consumer confidence was at an 18-year high in 2018, but, even with jobs and positive feelings about the economy, consumers didn’t give their credit card debt a rest, according to a new report from Experian, the consumer credit reporting company. In fact, the consumer debt study found that credit spending […]
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College Students and Credit Cards – Good and Bad News For Parents
College students are racking up student loan debt at record levels, but, when it comes to college students and credit cards, it turns out they are pretty cautious spenders. That’s the good news! A Sallie Mae report found that nearly two-thirds of college students pay their credit card balance in full each month and 26 […]
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Deferred-interest Credit Cards – Too Good To Be True?
Big risks possible with ‘deferred interest’ credit cards The next time you’re offered a “great deal” on a credit card that puts off interest payments until months or years later, it might be best to just walk away. Popular at mall shops, appliance and furniture stores and big box retailers, these deferred interest credit cards […]
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Have Credit? Seven Ways to Use Credit Wisely
Household debt can be a constant worry for many Americans, who agonize over how they’ll cover everything from daily bus fares to their rent or mortgage. The good news is that fewer households have debt, according to a report from the U.S. Census Bureau. The bad news: The households that do have bills have more. […]
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Credit Cards and Microchips: Is the Chip Good News for You?
Credit cards in the US now feature a microchip, which makes them more secure. Learn more about how these chips work, and the benefits of the new cards.
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Credit and Debit Cards: Which One, if Either, You Should Ditch
In the right hands, credit and debit cards can be valuable tools to help leverage your spending and get rewards. But one slip, and one may hurt you more.
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Loans and Credit Cards: What’s The Difference?
Which is better to have, a credit card or a loan? The answer depends on your needs and goals. If you aren’t sure what that may entail, read here!
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4 Ways Credit Cards Are Commonly Misunderstood
“What you don’t know can’t hurt you” is another way of saying ignorance is bliss. And when it comes to credit cards, not knowing the facts can hurt you