Posts Tagged ‘credit cards’

On Credit Card Addiction And Ignoring The Points!

On Credit Card Addiction And Ignoring The Points!

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Texas

Congratulations, America, we did it! We finally broke the $1 trillion barrier for household credit card balances, according to a recent WalletHub Report. This is a somewhat less impressive than Roger Bannister’s breaking of the 4-minute mile barrier in 1954 (RIP Sir Roger, B. March1929 — D. March 2018), or Sir Edmund Hillary and Nepalese […]

Ranking of Credit-Card Indebted Cities Explained

Ranking of Credit-Card Indebted Cities Explained

By The Banker | Blog Posts, Personal Finance, Texas

My wife, who spent her formative years in College Station TX, asked me “why don’t Aggies eat barbecue beans?” Answer: “Because they keep falling through the holes in the grill.” That’s not nice at all! And, most likely, not even true! Although I can’t be sure because I’ve only visited College Station myself a few […]

FICO Part II - When To Ignore It, And Why Its Awesome

FICO Part II – When To Ignore It, And Why Its Awesome

By The Banker | Blog Posts, Personal Finance, Texas

Last week I wrote about the personal credit score, used by virtually all lenders in this country, known as FICO. But I know there are some of you who you can and should ignore your FICO score. I also want to mention the risk of paying too much for your score, the benefits of boosting your score, and […]

Ask An Ex-Banker: FICOs Score and Monthly Balances

Ask An Ex-Banker: FICOs Score and Monthly Balances

By The Banker | Blog Posts, Personal Finance, Texas

Note: See Part I on FICO Scores, which inspired this question from a reader. Dear Banker, I’ve been getting copies of my 3 credit reports annually since 2005. I’m concerned about a change in the reported information from Capital One and Chase. My reports used to reflect 1) amount billed 2) scheduled (minimum) payment 3) […]

Square's Small Business Lending - Innovative?

Square’s Small Business Lending – Innovative?

By The Banker | Blog Posts

A friend sent me a link this morning to an article about Square Capital’s small business cash advance business. The credit card processing company Square claims to use credit card receipts data to prompt it to advance money – within as quickly as 24 hours from the request – to existing small business customers, even […]