When you swipe your credit or debit card through a reader, you start a process that involves the store you're at, your bank and ultimately your financial well-being. How does that little stripe send so many messages?
The world is drowning in debt, and experts fill the airwaves with doomsday predictions. What exactly is this monster called debt that's sucking up all of our income, ruining our credit scores and making politicians sweat?
These days, more people buy with credit than with cash, and most of them have the credit card debt to show for it. Learn all about credit cards, from the magnetic stripe to how you can get rid of that high-interest balance.
Tired of all that time-consuming swiping at the register? Credit cards using contactless technology allow you to pay for stuff by holding the card near a special reader instead of handing it to a clerk or wondering if you slide it with the stripe facing up or down.
Do you know your credit score? If not, you should find out -- and we'll explain why. In this article, we'll examine how your three-digit credit score is used and how it affects what you pay for credit, insurance and other life necessities.