I've had my fair share of mistakes when it comes to personal finance. Last week I wrote a post about how online poker changed how I view money. I was spending money like there was no tomorrow, splurging on unnecessary items, and didn't save a single penny of winnings.
This is another area where Congress should step up to the plate. Students need to be protected from deceptive marketing. And debit card agreements between companies, colleges and universities should be subject to the same transparency requirements as campus credit cards.
Some credit mistakes aren't so obvious. What's worse, the biggest secret credit mistake -- the one most people don't even know they're making -- actually happens when people are trying to turn their credit score around and be more financially responsible.
We at Card Hub compared more than 1,000 credit card offers in order to determine which will save consumers the most money in 2013. What we discovered is that the right credit card can literally save you hundreds (or even more than $1,000) over the course of a year.
Thanks to the Credit Card Act of 2009, relief from credit card debt is on its way. Come February 22, 2010 there will be new consumer protections put in place. This legislation has something for everyone.
Now is the time to reduce our credit card addiction. While fees and high interest rates will continue to be a reality, there are steps an individual can take to prevent falling into the credit card trap.
While "tangible inducements" to minors may now be a forbidden tactic in credit card marketing, military recruiters continue to ply students with key chains, hats, and t-shirts in pursuit of their goals.