Credit Card Interest Rates are Rising

Credit Card Interest Rates are on the rise. Here’s why it matters. Any future Fed rate hikes mean higher interest rates for credit card holders. Lenders typically raise their rates by a similar amount within one to two billing cycles—meaning January to February, for the December hike. Higher interest rates …

5 great ways to invest your tax refund

For millions of consumers, a tax refund is the only lump sum of cash they get in most years and presents an ideal opportunity to improve their finances. The average tax refund this year is $2,201 as of Feb. 4, according to the IRS. A refund, however, isn’t found money and should be utilized …

Household Debt All Time High

Household Debt All Time High The pace of growth is slowing For the eighth consecutive quarter, consumer debt hit an all-time high. Total household debt hit another record high in the fourth quarter of 2018 according to The Federal Reserve Bank of New York. Yet total debt climbed just 3% …

Mortgage Refinance – 10 Step Process

Considering a Mortgage Refinance? Learn more about the process, what to look for, how to be an Educated Shopper. Step One: Goal Determination A Mortgage Refinance can involve some compromise — obtaining the lowest rate means paying higher fees, for example. Lowering the payment can involve stretching out the remaining …