Credit Cards

How Can I Raise Funds to Help Without Reporting Them as Income?

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Question: Dear Steve, My daughter and two friends are going on a study abroad program in Spain. They all go to the same school and a teacher is accompanying them but the study abroad program is not really school sponsored. They are going in the summer following their 8th grade graduation from that school anyway. We, the parents, want to ... Read More »

    Is Synchrony Bank and PayPal Doing Something Fishy?

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    “Dear Steve, I don’t believe I have been “scammed” in the traditional sense, but I find something fishy about Synchrony Bank (Formerly GE Capital, GE Capital Retail Bank) My story is as follows: I have 3 credit cards with GE CRB and receive notices of change to Synchrony, the usual stuff (my online accts now go to them etc.) That’s ... Read More »

      My Home Depot Project Loan Account is Hurting My Credit Score

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      “Dear Steve, I buy and flip houses in Colorado and use the Home Depot Pro Loan on all my projects. They give a nice line of credit with a 7.99 percent interest and interest only payments for 6months. I usually pay it off before before that time period. I have done this 5 times and closed all 5 Loans. My ... Read More »

        My 5Star Bank Secured Card Was Sold to UMB Bank. They Want Money.

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        “Dear Steve, UMB Bank inherited this debt from 5Star Key Bank. Even though this was only one account, a credit card secured with my original $750 payment, UMB Bank now claims that I owe them $750 becuase they claim that there was a savings account and a credit card. They claim that the check that they sent to me in ... Read More »

          American Express Says They Will Issued 1099-C Personally on Corporate Card. – Roger

          credit card verification

          “Dear Steve, I have a client that has a business card with American Express. It was totally used for business, a corporation. His business is in really bad shape. He, however, is the guarantor of the card. He would like to do a settlement however Amex says they will have to issue him a 1099C individually. My client protests as ... Read More »

            Capital One Turned Me Down for a Secured Card. Why?

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            “Dear Steve, At one point I owned 7 houses and had 780 credit score. I fell on some very hard times. I lost 1 house in foreclosure about 5 years ago . I had to sell and short sell 5 more of my homes.The last short sale closed in October 2012. I also setteled 2 credit cards and are paying ... Read More »

              Does Barclaycard Sound Like a Reputable Bank? – Patti

              credit good

              “Dear Steve, You suggested a credit card for those needing to establish new credit (can’t think of the name now). it has a $29 annual fee, which is not surprising because they are trying to help you & themselves at the sametime. Anyway i just received an offer from barclaycard, preapproved to help those reestablish credit & with no annual ... Read More »

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