Compound Interest—The Best Thing Since Sliced Bread

We all know that saving is a necessary component to building wealth.  Save $100 this month, $50 the next, and in two months you’ll have accumulated $150.  Big whoop-ti-do!  Doesn’t seem like a whole lot right?  Let’s put things into perspective.  The reason why savings is so huge is due to a little known fact called “Compound Interest”.
Albert Einsten was once quoted saying “The most powerful force in the universe is compound interest”. Well, the jury is still …

This is Part 3 to the credit card late fee reversal installment. After reading Part 1 and Part 2, I’m sure that pesky late fee has already been removed. But if you need a little more help, then here it is. In this segment, I will go over common responses Customer Service Representatives (CSRs) make and statements that are better left unsaid….

In Part 1, I discussed key points that customers need to be aware of prior to negotiating with Customer Service Representatives (CSRs) and Personal Financial Representatives (PFRs).  In this post I will go over a few talking points and provide explanations on why they are effective.  Try them, they work… most of the time.
Here’s what you need to say:
1.    “I have a late fee, as a courtesy, can you please reverse it?”
This should always be your opener because some banks have policies where you are allowed 1 late fee reversal …

I champion the act of donating to charities, scholarship funds, and girl scouts (I love thin mints), but one thing I will not do is give away my money to large corporations that don’t deserve it.  They already receive donations in the form of bailouts, surely they can survive without my money as well.  Unfortunately, we all make mistakes and sometimes they come in the form of being late on credit card payments.  Do not fret.  Having a late fee reversed is a lot simpler than what most people make …