CreditCards.com

Category Archives: Living with credit

Is faith-based credit counseling the answer for some?

Connie Prater

The audience listens intently as the speaker schools them on getting rid of credit card debt.

“Debt is a sickness and credit cards are an easy way to get sick,” he says. I sit, taking notes. It’s not a personal finance seminar, although in many ways it sounds like one. No. This is a Sunday church service. The lecturer turned personal finance coach is senior pastor of a Central Texas church. Around the room, Bibles are open.

To Some, it may appear to be an unlikely venue to talk about getting out of mountainous credit card debt, but two big screens in the front of the room show hypothetical breakdowns of a repayment plan for getting out of — and staying out of — debt.

“The Bible is full of wisdom from God to lead us to financial freedom,” the pastor says. He reveals that in his former profession he managed portfolios worth nearly $50 million as a financial advisor. Now, he feels, personal financial management is so important to his church members’ lives that he set up a series of four Sunday sermons around the topic in November 2007. Patching up bad credit and fixing financial woes that cause family stress, marriage trouble and depression may be just as important as saving souls.

Ministering to the financially trouble has in fact grown across the country over the past decade — perhaps tracking the growth of mounting credit debt among families. Faith-based credit counseling services are emerging in many cities and a new wave of pastors is seeing the light. Why not preach sermons that speak to the real-world financial crises faced by growing numbers of parishioners?

Read More »

Miley Cyrus: Too young for a credit card?

Emily Crone

The San Francisco Gate just reported that tween sensation Miley Cyrus (a.k.a. Hannah Montana), daughter of achy-breaky legend Billy Ray Cyrus, frequently gets in trouble from her parents for her spending habits. More recently, the then 14-year-old (she just turned 15) found herself in time out for losing her credit card.
Read More »

Financial resources for young adults

Emily Crone

When you are young and first learning about credit and personal finance, it can be a struggle to digest everything all at once. For those just starting on the path of financial freedom, I have put together several resources to help along the way.
Read More »

Is anyone really paying attention?

Emily Crone

A friend recently burned me a book on CD called “Life’s Little Annoyances.” It’s about real people who had enough of something that massively annoyed them and did something about it. One vignette is about a successful woman who was furious that every time she went out to dinner with her husband, the waiter automatically handed him the bill. Never once was it given to her — even when she gestured that she’d take it.
Read More »

Making ends meet on a wing, a prayer and a credit card

Connie Prater

Credit cards have become the great equalizers between the haves and have nots. Even when they know they can’t afford it, people with very little income can get the $399 iPhone, the iPods, the Xbox 360 games and other high-priced…
Read More