For many people a credit card is one of life’s necessities, offering, for example, extra protection when purchasing online, dealing with that unexpected bill or spreading the cost of a larger item and it’s often cheaper than using payday loans. There are also some companies who will only do business with a credit card and will not accept cash or a cheque.

What is Compound Interest? Compound interest is where interest in the second and subsequent period is charged on both the capital amount and the interest that has accrued to date. In the case of a loan it will be reduced by any repayments that have been made in the period. …

Are reverse mortgages really scary? The number of this type of home loan is on the rise. As the older segment of the country is reaching retirement, many are finding that their nest eggs have disappeared. With their 401ks and other retirement vehicles sputtering, some are choosing reverse mortgage refinancing …