NextAdvisor - Thom

Thom Tracy is a personal finance writer with 28 years of experience in the insurance, employee benefits and financial services industries. He lives near Scranton, PA and hopes to reach at least one of the Seven Summits.

Posts by Thom:

What Makes Up a Credit Card Account Number?

When you pull out your credit card to purchase a product or service, you might not give much thought to the numbers on the plastic. But, each number or series of numbers has meaning in terms of identification, how payments are facilitated and which institutions are moving
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What is Considered a Fair Credit Score?

Updated: May 7, 2020 If you’re still establishing your credit or have had some financial problems in the past, your credit score may not be as high as you need it to be. While many people have fair credit scores, it’s still best to build toward a
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What is a Bad Credit Score?

With personal finance, you must sometimes take the bad with the good. In terms of credit profiles, unforeseen circumstances can send your FICO score tumbling. A hit to your credit score can be demoralizing but you can rebound with some time and patience. There are credit cards
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How to Choose the Right Credit Card for You

If you’re wondering how to choose a credit card, the selection will often come down to examining your philosophy on personal finance and finding a program that aligns with that mindset. There is a dizzying number of credit cards on the market, and acquiring one randomly might put
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How Credit Cards Work

Updated: May 13, 2020 This page includes information about Discover products that are not currently available on Next Advisor and may be out of date. In very simple terms, credit cards are a way to borrow money for goods or services that an individual or business might need. Like
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Guide to Paying Rent with Your Credit Card

You might think of a credit card as a way to get valuable points, miles or cash back on the purchases you make. Then again, you may look at a card as a last resort for a necessary item or unexpected expense. One use you might not have considered is paying for
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