Credit Cards by Alex Guangco https://padlet.com/alexandrafayeg77/xme1878m1rta what we have learned about credit cards, credit debt, and your credit score. en-us 2018-02-05 03:49:39 UTC 2018-02-05 03:58:20 UTC hello@padlet.com Alex's Opinion alexandrafayeg77 https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227957638 Credit cards and debt are a huge responsibility. How you use your card and what you spend your money on can follow you where ever you go. Companies, banks, and employers are able to have a general idea of what kind of a spender you are through your credit score because that records and calculates your spending habits. I think that this must be a stressful experience, I feel lucky that my parents are willing to help me with these things in the future and can fix some of my future credit mistakes.   
Having debt is also an important element to keep track of, because if you ignore the debt then it will pile up and become a large problem in the future. Growing up I have always known that debt is a scary thing, but once you understand and learn how to manage debt is not always that bad. I know that I will have to face student debt once I graduate from college, but knowing this can prepare me to face and tackle my student debt.

]]> 2018-02-05 03:51:56 UTC https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227957638 10 Facts We Learned alexandrafayeg77 https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227957824
  •  A freeloader fee is a fee for people who only pay their credit balance and not fees and interest.  
     
  •  The number of delinquencies has doubled within the last 5 years  
     
  •  We have many consumers in our country which leads to a variety of financial situations. 
       
       
    •  America is likely to have people pay promptly and on time but with that comes people who pay late as well.  
          
       
  •  Because we have such widespread in payment, card companies have profit margins they must make if people do not pay their debt adequately, therefore leading to different types of fees.  
     
  •  The average balance is 2000$ with an 18% interest rate.  
     
  •  People who pay too promptly are also ‘annoying’ to credit card companies; the quicker you pay, the less money the card company makes.  
     
  •  Some of the rebate programs are losing money and closing down, this is creating the need for more fees as well.  
     
  •  The biggest tip is to pay your bill in full, and to look at all the fine print behind the credit card you are applying for.  
     
  •  The worst thing you can do is pay a large chunk of bill, and not the full thing, because then interest can start building

    • ]]>     2018-02-05 03:53:31 UTC https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227957824     Joey's Opinion alexandrafayeg77 https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227957889 I have found that credit card companies do have hidden fees. I also learned that having a credit card is an adult responsibility and that paying that debt off is important and really does impact you and what you are able to do. Paying credit card bills in full, on time, is the best thing you can do to keep a good healthy credit score. The other big thing is to make sure that you read all the fine print and that you are educated about your card. In my opinion I feel that I won't sign up for a credit card without being fully educated on it. I also would not sign up for a credit card while in college because that is not something I should be worrying about having to pay while having schooling to pay for.]]> 2018-02-05 03:54:08 UTC https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227957889 Sources alexandrafayeg77 https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227958225 - NBC Learn "How to Organize Financial Documents"
    - NBC Learn "Hidden Credit Card Fee's"
    - NBC Learn "What is a Credit Score"]]>     2018-02-05 03:56:21 UTC https://padlet.com/alexandrafayeg77/xme1878m1rta/wish/227958225