Parents should monitor spending and explain how to pay the bill on time. A financial planner says teenagers should get a card. “We live in a credit-driven society.” Source: NYT > Business – Ann Carrns
How to Manage Your Credit Card Bills, Which Experts Say Are Late More Often
There are way to get help: Start by contacting your card companies to ask about an interest-rate cut or lower minimum. Source: NYT > Business – Ann Carrns
Your Money Adviser: Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say
Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies. Source: NYT > Business – ANN CARRNS
Your Money Adviser: These Loans Aim to Help Borrowers Build a Credit History
Two financial tech start-ups are offering credit-builder loans, which also help customers grow their savings. Source: NYT > Business – ANN CARRNS