Over on The Consumerist, they recently posted an article about a restaurant owner who had $1.28 million debited from her bank account by the utility company. This was, of course, a mistake, and the utility company is fixing the bill and paying the overdraft charges on her bank account. The restaurant owner had received the …
I learned a lesson this week. I hate learning by experience. I got a letter in the mail that a credit card I’ve had open for five years, with a substantial limit on it, got closed for inactivity. Now, I know that I should use my cards at least once a year, but this one …
My main credit card is a Chase Amazon.com Visa card. I pay it off every month and I like it because I do a lot of shopping at Amazon.com, so the rewards are worthwhile for me. My credit limit on that card is absolutely ridiculous. As in something like 20% of my salary. Clearly, I’ve …
I’ve been reading a lot about our current financial situation and what Congress is trying to do to fix things, and something in a recent article caught my eye. This article discussed what we should know about the current financial crisis. There was a lot about WaMu and FDIC and SIPC insurance, but the point …
The more I learn about personal finance and the more people that I talk to about money, the more I realize that I have grown up with a very atypical view of credit cards. I think that has helped me more than I ever knew. I have always been aware that people regularly carry balances …