A person's credit history is kind of like an invisible Sword of Damocles. We know it's out there, but tend to adopt a head-in-the-sand approach until it suddenly chops you in the neck. Fortunately, it's possible to improve your creditworthiness in a few easy steps. This infographic illustrates how to swing credit scoring back in your favour.
Tagged With credit cards
Dear Lifehacker, I'm getting on in life and at this point it seems unlikely that my credit card debts will ever be paid off in full. (I can barely afford the monthly interest repayments, let alone the outstanding debt.) I also don't own much in the way of assets. So my question is: What happens to my credit debt when I die? Do I need to worry about my adult son getting saddled with my debt?
Money is confusing, and it didn't get any easier to understand the past 12 months. There was a new tax bill, health insurance woes, and massive data breaches to contend with. Between budgeting and Bitcoin, we tried to cover as much as we could to help you understand your wallet a little bit better. Here are some of our best money posts from 2017.
It's getting easier and easier to set up a low cost point of sale system. With tablets and smartphones delivering apps that can integrate wth finance and stock control systems, it's possible to roll your own PoS easily. And payment services now mean you can skip the bank when looking for an EFTPOS terminal. From today, Vodafone will be selling the Square Reader for just $5 when bundled with selected mobile plans.
Learning to manage money is tricky. So much of it has to do with individual habits and attitudes, and your history with money has a huge impact on that.
At first, it seems kind of weird that a financial planner should urge you to "just spend the money," but that's what I like about author and Certified Financial Planner Carl Richards. He reminds us that money isn't some vague goal you should work toward. It's just a tool. And it's okay to spend it!
Most credit cards come with decent fraud protection these days. If someone steals and uses your card, most issuers make it easy to dispute the transactions and flag your account. That doesn't mean you should be haphazard with it, though. If you cancel your card or it expires, break out the scissors (or the shredder).