Video: 6 Major Differences Between Debit And Credit Cards


Are credit cards better than debit cards? That depends on how you use them. Watch Professor MoneyTips Jeff Hoyt compare the benefits and risks of both credit and debit cards in our exclusive video above.

One definite advantage to credit cards is that you can build up a good credit score by paying your credit card bills on time. You can check your credit score and read your credit report for free within minutes by joining MoneyTips.

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9 Easy Ways To Save At Christmas


Does your Christmas season usually lead to the January blues due to excessive holiday spending? It doesn’t have to be that way. With a combination of planning and willpower, you can enjoy a festive holiday without starting the New Year in a big financial hole. Consider these nine ways to celebrate while staying fiscally responsible.

1. Limit Gift Spending – Start by establishing a shopping list and a budget for all of your items. Track special holiday online offers. Consider using price comparison apps and websites. Take advantage of any coupons. Large families can save by drawing names for a gift exchange instead of trying to buy multiple smaller gifts for every family member. If you want more credit, check out our list of credit card offers.

2. Reject Impulse Buying – Retailers expect you to impulse buy…

Identity Theft Victims Lose More Than Cash


Identity theft is rampant in America. According to Javelin Strategy and Research, 16.7 million Americans were affected by identity theft just in the year 2017, with a total of $16.8 billion stolen – an average of just over $1,000 per affected American.

Unfortunately, identity thieves steal more than just money. By extension, they steal your faith and trust in others.

A new study by the Identity Theft Resource Center (ITRC) assesses the non-economic impact on identity theft victims. The ITRC’s preliminary findings show a profound impact on how identity theft victims manage their daily lives.

Over 85% of identity theft victims surveyed felt worried, angry, and frustrated about their situation. Almost 84% felt a sense of violation, while over two-thirds of respondents reported they couldn’t trust others – …

Get A Credit Card Without A Job


Life can be difficult without the convenience of a credit card – but if you are just starting out on your own and have no job yet, or you’re down on your luck and currently unemployed, will you be able to qualify for a credit card? The answer is yes, within limitations.

When credit card companies evaluate your application, they are assessing the likelihood that they will be paid back. While the income from a job is an excellent predictor of solvency, there are other methods you can use to show the credit card issuer that you pose limited risk.

Without a job, what income sources will you use to pay the bills? If you have a predictable income stream such as alimony payments, Social Security/retirement benefits, or annuities, it will be easier to secure credit even with a lack of employment income. Assets such as savings accounts will also help, but without an obvious means of replenishing those savings, credit card companies may balk at extending credit to you.

More Than Half Of Store Credit Cardholders Believe They Are Necessary For Holiday Shopping


It’s time to flex your credit-card-swiping muscles to prepare for the holidays – but what type of credit card will you be swiping? Will it be a general-use credit card, or a store credit card designed to maximize rewards with one merchant?

A new survey provides insight into store credit cards and their holiday use. During the holidays, retailers increase pitches for their store card, including bonuses and perks – and many consumers take retailers up on the offers. Almost half of respondents (47.6%) signed up for a store card, thanks to a successful sales pitch at the register.

Over two-thirds of store credit cardholders (67.7%) have two or more store cards, and just under half (48.8%) of respondents plan to apply for another store credit card over the next twelve months. That makes sense, given that over half of respondents (53.1%) consider a store credit card necessary to meet holiday expenses.

What attracts us to store credit cards? Almost…

7 Tips To Buying A Home During The Holidays


Moving during the holidays can be a headache with all the seasonal activities and obligations – not to mention unpleasant weather in many locations. However, there are plenty of positives to buying a home during the holidays that may make the headaches of moving worth the effort, including the seven listed below.

1. Less Competition – The same issues that make holiday moving a hassle tend to keep people from shopping for homes at that time. While there may be fewer homes available, there are also fewer homebuyers – and that should equal less competition for any home that fits your needs.

2. Motivated Sellers – Home sellers don’t enjoy moving over the holidays any more than homebuyers do. It’s likely that people who are selling their homes over the holidays are highly motivated to do so. Perhaps they must relocate for a new job, or their home has been on the market for a long time and they need the money from a sale before the yea…

MoneyTips Premium Membership Now Available To Protect You From Identity Theft


Another day, another huge data hack. With half-a-billion people affected by the Marriott International breach, it’s a great day for identity thieves, but bad for the rest of us.

At MoneyTips, we’ve heard and published way too many horrific stories of identity thieves wreaking havoc, and the countless hours victims must spend putting their lives back together again. Besides allowing people to take control of their credit and finances, our free Essential membership provides some identity protection tools. Nevertheless, we wanted to do more to protect our members from ruthless identity thieves around the world. What good is having great credit and substantial assets if they are vulnerable to attack?

That is why we are proud to announce that our new Premium MoneyTips membership provides an industry-leading Credit Monitoring and Identity Theft protection plan for the lowest price in the market. It’s staggering how many ways your identity can be stolen:


Now Is The Best Time For A Rewards Credit Card


Do you have a rewards credit card? If not, now is the perfect time to consider one. The holiday season provides two motivating factors – special rewards offers from credit card issuers and the increased spending necessary to take advantage of those offers.

Many cards offer signup bonuses of hundreds of dollars, or the equivalent in points or miles, if you make a certain dollar amount of purchases within an introductory period – for example, a $500 bonus if you spend $3,000 on purchases within the first three months after opening the account. You may find an offer with a 0% introductory annual percentage rate (APR), furthering your benefits if you will carry a balance from holiday purchases.

According to the National Retail Foundation, the average consumer is expected to spend just over $1,000 during the 2018 holiday season. Extra holiday spending may put tempting bonus offers within your reach.

However, to make the most of a

Disability Income And Debt


By Eric Olsen, Executive Director, HELPS Nonprofit Law Firm

It’s a constant struggle to stay afloat financially on disability income. Many disabled persons have credit card debt they can’t pay, often incurred before they were disabled. What can disabled persons do about telephone calls and letters from collectors? What happens if you are sued? As the Executive Director of HELPS, a nationwide nonprofit law firm that protects seniors and disabled persons from unwanted collector contact, I’d like to answer some of the pressing financial questions we regularly hear from disabled persons.

1.How safe is disability income from collectors?

The most important thing to know is that Social Security in all its forms, including SSD, is protected by federal law from debt collectors. Almost all states have laws that protect private disability as well. Even if a creditor files a lawsuit and obtains a judgment, they can’t take…