Apr
10
Government Employees Go on Credit Card Spending Spree
April 10, 2008 | 1 Comment
I’ve said it many times and I’ll say it again: The government is the single biggest threat to wealth in this country. Employees of the federal government are using their government issued credit cards (or purchase cards as they call them) to buy everything from baseball tickets to lingerie to breast implants. [...]
Mar
14
Ten reasons to use a credit card for every purchase
March 14, 2008 | Leave a Comment
Many personal finance sites love to pick on credit cards. The credit card industry is an easy target. Don’t get me wrong, some of the reputation is well deserved. However, the savvy and disciplined consumer can take advantage of credit cards. Like any tool, credit cards, used responsibly, can make life [...]
Mar
13
Protect Yourself with Credit Cards
March 13, 2008 | 6 Comments
Online purchases can be risky. Using a credit card is one sure way to mitigate the risks of making purchases online. Contrary to popular belief credit cards can be a consumer’s best friend when it comes to protecting themselves from dishonest or downright incompetent merchants, online or otherwise.
I’ve found that credit cards are [...]
Feb
28
Auto-Activation is Real
February 28, 2008 | 5 Comments
Please read this article about auto-activation at the Consumerist.com if you are in doubt about credit card activations and what can happen.
I personally re-wrote and maintained a program to auto-active card members at a major nation-wide card issuer. I can tell you that auto-activation was a standard practice at said card issuer. I [...]
Feb
25
Subprime Mortgage Fiasco: An Explanation
February 25, 2008 | 1 Comment
You hear it every time a new scandal erupts. People think that Wall Street is becoming more evil, corrupt, etc. Well if you’ve read Benjamin Graham’s Intelligent Investor, you know financial scandals are nothing new.
If you’ve had a hard time following the financial drama known as The Subprime Mortgage Crisis (you [...]
