Tag Archives: credit cards

How technology can help you save money

Technology is such a big part of our lives nowadays, and it’s almost impossible to go a day without using it in some way or another. Whether you primarily use technology for work, for socializing, or for entertainment, there’s a good chance that it’s a big part of your life. And although staying connected and subscribing to certain services will mean additional monthly bills, have you thought about the different ways that technology can help you save money? If you haven’t been doing so already, consider taking advantage of some of the following:

Automatic payments

From monthly services to credit card bills, most—if not all—of your accounts can be paid online, and at no extra cost. In fact, not only is this a free and convenient way to take care of your monthly bills, but you’ll also usually have the option to enroll in automatic payments. This means that every month, your bank account will automatically be debited for the amount you owe. This saves you time because you won’t have to manually pay your bills every month, and you won’t ever miss a payment deadline. Missing a payment deadline can mean an increase in fees, service charges, and so on. In fact, you may qualify for certain incentives by enrolling in an automatic debt—for example, a slightly lower interest rate.

 

Payment deadline notifications

If you’re not really a fan of automatic payments, you can still be notified when due dates are approaching so that you never miss a deadline again. Depending on the bank or service provider, these notifications may arrive via email, or even through text messages. If you are signed up for automatic debt as well, you can also receive these messages a few days before your account is charged to ensure you have enough cash in your bank account to cover everything, which can prevent you from overdrafting.

 

Account activity alerts

If you have a credit card account, you no longer have to wait for your monthly statement to arrive in the mail, nor do you have to manually log in to your online account to ensure all of your charges are correct. A lot of credit card issuers give customers the option to sign up for account activity alerts. You can usually set the minimum amount required in order for an alert to come through—for instance, if any amount above $300 is charged, you’ll be notified via email or text message right away. This can help stop fraudulent activity the moment it happens, which can prevent too much damage from being done. This can save you a great deal of time, money, and frustration. 

 

Would you like to learn more about how J.G. Wentworth can get you your money sooner? Contact J.G. Wentworth today if you’re receiving long-term payments from a structured settlement and would prefer to receive a lump sum of cash.

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

Before and after photos: How many of these can you relate to?

Before: Shopping to your heart’s content and just putting everything on your credit card

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After: Checking your credit card statement a few weeks later

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Before: Registering for your very first semester in college

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After: Realizing how much money you owe in tuition

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Before: Checking one of your FICO scores and seeing that it’s gone up a little bit

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After:
Checking the other two and seeing that they’ve gone way down

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Before: Finding out you finally saved up enough to buy a car in cash

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After: Realizing that it wasn’t as much as you thought, and your options are rather limited

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Before: Being super pumped about finally moving out on your own for the first time

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After: Realizing you’ll actually need a roommate and getting stuck with one who is a total lunatic

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Do you need extra money to catch up on a sudden expense? Life can be unpredictable, and if you’re feeling overwhelmed with bills, J.G. Wentworth wants to help if you’re receiving long-term payments from an annuity or structured settlement. Call us today at 877-227-4713 or chat online with a representative to learn more!

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

A letter to my past self: Put down those credit cards

Dear Past Self,

I have gone back and forth about whether I should send you this letter, because you know, if someone knows too much about their future it can mess with the space-time continuum and all that stuff. But things are kinda bad right now and I figured it was worth the risk.

I am writing to tell you to stop using those credit cards. This is not a joke. Seriously. Put. Down. The. Credit. Cards.

I know you’re having a lot of carefree fun right now and the bills seem manageable, but eventually things spiral out of control to the point of no return. Yes, future you is a bit dramatic. And broke. And depressed. And about to get evicted.

In particular, there are specific events that I’d like to warn you about, in hopes that you’ll recognize when they’re happening and avoid them completely:

You don’t have to accept every credit card offer you receive in the mail

I know you feel special every time a letter comes that says you’ve been selected to take advantage of a particular credit card program, and that being pre-approved means you simply can’t let the opportunity slip you by. But stop. Right now, you have two credit cards, and that’s an acceptable number. Future you has 27 of them.

Ban yourself from shopping online

It ends up getting way too easy to spend a lot of money in such a short time. You end up getting several packages on a daily basis over the next few years. You don’t even remember what you order anymore. You had a spare key made for the mailman. Your garage is literally filled with cardboard boxes and you can’t park your car in it. You’re sick, truly.

You really don’t need that Hawaiian t-shirt in every available color

They’re insanely overpriced, stupid looking, and we never end up wearing any of them. It’s kind of embarrassing how much we end up paying for them over the years when you factor in the interest charges. Now, there a ton of dumb purchases you’ve made throughout the years, but I really felt the need to bring this one to your attention. Please, just don’t.

Make bigger payments

I contemplated sending this letter to a point in time when you never even had a credit card yet, but when used responsibly, they are great tools for building your credit. But the keywords here are used responsibly. Those minimum payments are just barely covering the finance charges. Literally, our balances haven’t changed in the future by much. Make bigger payments! I know we have some extra cash to make it happen every month, and every little bit helps.

Don’t ignore your bills

If you’re stupid enough to ignore everything I’ve said in this letter so far, do us a favor and don’t end up ignoring your bills when things start to get overwhelming. Because it happens, and we end up getting awfully creative with those pesky bills that arrive every month. Campfire starters, birdcage liners, emergency toilet paper—you name it, we’ve done it. Definitely not good decisions. Open them up, make the payments, and repeat. Do what you can to work out payment plans with the creditors—don’t ignore their phone calls.

Contact J.G. Wentworth

I know times are tough and you’ve been using credit cards to catch up on other bills, but seriously, why? You’re receiving structured settlement payments and J.G. Wentworth can help get you that money sooner. Just call them and they’ll help you out!

 

That’s really all I can say, but I hope this letter reaches you and that you take it seriously, especially that last part.

Here’s to a less depressing future,

Your Future Self

The process of getting your very first credit card

“I can’t wait until I’m old enough to finally get my own credit card,” you once told yourself, long before you knew any better. Fast-forward to the present and it might look a little something this: bills piling up, debt accumulating quickly, and tons of anxiety. If you can relate, you’d probably agree that the process of getting your very first credit card looks a little something like this:

1. Holy Batman! My very first credit card just arrived in the mail. I didn’t even have to do anything!

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2. Oh, it’s just cardboard. 

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3. Okay. An application that says I’m pre-approved. That sounds promising. Time to fill this bad boy out.

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4. Woohoo! I got approved! FREE MONEY!

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5. First bill arrived. Well, at least I only owe $10. I can swing that.

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6. Wait, these things come every single month?

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7. What is interest?

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8. Increased credit limit – MORE FREE MONEY!

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9. More approved credit card applications!

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10. …..and more bills.

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11. Confused as to why the minimum payments I make don’t really seem to go anywhere.

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12. People are calling here often. They sound….angry.

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13. This has gotten slightly out of hand.

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14. I guess I need to start selling some stuff.

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15. Maybe take on a second job.

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16. Or file for bankruptcy.

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17. Um, yeah. I think I’m gonna just use cash for a while.

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18. I hate my life.

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Do you have a substantial amount of credit card debt you need to pay off? If you’re receiving structured settlement payments, you may be able to receive that cash sooner and in a lump sum payment. Receiving your cash in a lump sum can make it easier to take care of large expenses, such as credit card debt. Contact J.G. Wentworth today to learn more and to receive your free quote!

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

7 fun ways to use prepaid cards

 

1. Give one as a gift to someone who is super difficult to shop for. After all, who doesn’t like receiving money?

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2. Go online shopping. While you’ll want to avoid going nuts, splurging once in a blue moon can be a fun way to treat yourself. And by using your prepaid card, you won’t have to worry about paying back any credit card debt.

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3. Need to get away? Load what you need onto your prepaid card and easily book a vacation package.

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4. If you’re traveling internationally, take your prepaid card with you as a safer alternative to cash, and to avoid foreign transaction fees that you may have to pay from using a traditional credit card or debit card.

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5. Get one for your kids to teach them about budgeting and financial responsibility. Instead of paying their allowance or completed chores in cash, load their prepaid cards instead.

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6. Have a contest or giveaway with a prepaid card being the prize. Make things even more interesting by keeping the enclosed amount a surprise for the winner.

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7. Ask your employer about directly depositing your paycheck onto your prepaid card, which can be especially useful if you don’t have a bank account. Even those with bank accounts find that this is much more convenient and helps to save them time. You may even be able to have just a portion of your paycheck go directly onto your prepaid card, so if you use your prepaid card strictly for fun purchases and use the money in your bank account for bills, this can help keep your spending in check.

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Are you interested in learning more about the prepaid cards that we offer? Whether it’s for you or for someone else, prepaid cards offer an array of benefits for any consumer. Contact J.G. Wentworth today to find out how you can get your very own prepaid card.

 

 

Nothing contained herein is intended to be, and you should not consider anything contained herein to be, investment, accounting, tax, or legal advice. If you would like investment, accounting, tax, or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

16 signs you just might have a shopping addiction

 

1. You’re always making excuses for your purchases…

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2. Like if you’re feeling blue or angry, you buy something to make yourself feel better…

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3. …Or if everything is going great and you’re happier than ever, you buy something to celebrate.

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4. Whenever you go to the mall to buy someone a gift, you kind of forgot why you went there to begin with and just buy stuff for yourself.

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5. You have to hide purchases from your spouse.

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6. You also have secret credit cards that they don’t know about.

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7. Although you get a rush from shopping, your heart is ultimately filled with regret.

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8. Online shopping is the only reason you have Wi-Fi.

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9. You buy so much crap that you actually forget about what you bought.

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10. If something is on sale, you just have to have it… it doesn’t even matter what it is.

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11. You’ve maxed out your credit cards, and even used your rent money to go shopping.

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12. And you’ve actually tried to calculate the minimum amount of food required to survive for the month so you can afford a crazy expensive purchase.

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13. Whenever you’re not shopping, you feel extremely anxious and unsettled.

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14. You prefer to go shopping alone, because you know if anyone else comes with you, they’ll think you’re crazy.

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15. Sales associates at all of your favorite stores know you by name and are always super happy to see you.

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16. You just ordered something before finishing this article.

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Do you have a lot of bills and debt to pay off due to overspending? J.G. Wentworth can help get you the money you need if you’re receiving structured settlement payments. Tackle that debt by selling a portion of your future payments and receiving your money sooner. By receiving more of your cash in an upfront lump sum, it can be easier to eliminate debt and get bills under control. Contact J.G. Wentworth today to learn more!

 

 

Nothing contained herein is intended to be, and you should not consider anything contained herein to be, investment, accounting, tax, or legal advice. If you would like investment, accounting, tax, or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

 

18 thoughts students may have when it comes to paying for college

There’s really no getting around it: college is expensive. Although some students may never experience the financial struggles that come along with paying for college expenses, most can relate all too well. The thought process usually goes a little something like this:

1. OK, time to register for my first semester!

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2. Wait, classes are how much?!

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3. I will definitely need to be getting a job.

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4. Or two jobs. Who needs to sleep?

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5. For now, I’ll just put these tuition charges on my credit card.

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6. OK, I guess I will need to split the total cost onto like, several credit cards.

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7. Except I only have the one credit card.

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8. Alrighty. First day of class. Just received syllabus with required course materials.

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9. *At bookstore* Hold on, this textbook costs WHAT!?

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10. So much for being able to afford a social life while in college.

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11. Or food.

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12. Hmm, what are these student loans I hear so much about? That sounds like a good solution.

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13. That was SO EASY! I’m rich!

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14. Seriously though, my financial woes are a thing of the past.

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15. Almost time to graduate! But….that means soon I’ll need to pay back those student loans.

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16. Oh, crap. I’m going to owe HOW MUCH?!

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17. Okay, if I just pay the minimum required payment every month, that means my student loans will be all paid off when I’m…..108-years-old. That can’t be right.

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18. ..It’s right.

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Whether you need money to pay for college or eliminate student loan debt, J.G. Wentworth may be able to help. Contact J.G. Wentworth today to learn more about selling future structured settlement payments for a lump sum of cash.

 

Nothing contained herein is intended to be, and you should not consider anything contained herein to be, investment, accounting, tax, or legal advice. If you would like investment, accounting, tax, or legal advice, you should consult with your own financial advisers, accountants or attorneys regarding your individual circumstances and needs.

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

11 financial habits you may want to break

1. Opting for retail therapy whenever you have a problem, instead of just regular therapy.

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2. Gambling. And then losing, and then gambling your rent money to try and get back that money you lost. And then losing again.

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3. Charging on credit cards like it’s free money that doesn’t need to be paid back.

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4. Being late with your bills…

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5. ….Or just ignoring them completely.

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6. Opting out of insurance policies that you really should have, or are required to have.

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7. Buying stuff that’s on sale, just for the sake of buying it—even if you don’t really want or need it.

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8. Living beyond your means.

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9. Thinking you’re too young to worry about retirement.

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10. Not caring about your credit report.

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11. Not saving any money. At all.

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Carpe diem: seize the day. Maybe you like to constantly live like there won’t be a tomorrow, and sometimes, that’s okay. But if it’s affecting your spending and financial habits, you may want a new motto to live by. Because tomorrow probably will come, and so will those bills. If you’re in debt and need to pay it off, J.G. Wentworth may be able to help if you’re receiving annuity payments. Contact us today to learn more about selling future annuity payments for a lump sum of cash.

Nothing contained herein is intended to be, and you should not consider anything contained herein to be, investment, accounting, tax, or legal advice. If you would like investment, accounting, tax, or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.

Spring semester savings: 7 ways for college students to keep costs down

With spring semester beginning around the country, we thought now would be the perfect time to look at some great money-savings tips for college students. Here are seven ways college students can keep their costs down and stretch their hard-earned dollars the farthest.

Keep textbook costs as low as possible

Think you have to buy the newest addition of every textbook your college professor requires for the course? – Think again. Alternatives to purchasing new textbooks include borrowing them from the school library, renting them, sharing the cost of the textbook with students in the same class, finding an earlier edition of the same textbook, and seeking out graduates of the course for their old textbooks.

Use that first credit card wisely

Many college students obtain their first credit card upon enrollment in school. Use it wisely by never buying more than you can afford, paying bills off on time each and every month, educating yourself on the merits of a good credit score, and avoiding late charges and excessive debts at so early an age.

Investigate all discounted student activities

Most colleges have a wide range of activities available for students at discounted prices. These can include movie nights, social events, lectures, museums, concerts, and many other activities your student ID card will allow you to access at a reasonable cost.

Keep food costs down

There are many ways to keep food costs down while a student. These can include finding the right on-campus eating plan that doesn’t require you to purchase three meals a day, sharing cooking costs with friends and roommates, and learning how to grocery shop wisely by using coupons and going to bulk stores like Sam’s Club and Costco.

Apply for scholarships

Most students make the mistake of thinking that scholarship opportunities only exist for those at the start of their college careers. But many school divisions and departments offer work and need-based scholarships for students already enrolled.

Get an on-campus job that will give you both extra cash and additional school-related benefits

Examples of great student jobs that provide such benefits include becoming a Resident Advisor at a college dormitory, working at on-campus eateries that provide meals for their employees, and signing up for surveys and experiments offered by various departments that pay students for their participation.

Get good grades

Last but certainly not least is what we consider to be our most important recommendation when it comes to long-term financial success: earning good grades. Good grades on a transcript show such attributes as determination, resiliency, and the ability to perform hard work to all prospective employers and professional schools that may be in your future; in the long-term, they will probably give you more financial benefits than any of the other important tips we’ve suggested.

We hope these seven tips will help you get a jumpstart on a successful spring semester, and allow you to keep working hard academically without getting buried in debt. And if you continue to have financial problems related to the costs of a higher education, or have other financial hardships that may lead you to want to get cash now out of your structured settlement or annuity, please contact J.G. Wentworth today at 877-227-4713.

Prepaid cards vs. secured credit cards

If you’re working on your credit and currently don’t qualify for a traditional credit card, you still have other options, with the most popular being prepaid cards and secured credit cards. Many consumers confuse the two, and while they do share some similarities, they are completely separate products. In this article, we explore those similarities, as well as the differences that set prepaid cards apart from secured credit cards.

Secured credit cards

With a secured credit card, the user makes a monetary deposit, which is used as collateral, and thus “securing” this type of debt. Normally, credit cards are unsecured debts, because no deposit is made and there is no collateral—the only thing at risk is the user’s credit.

Once you make a deposit, you are then given a line of credit, just like any other credit card. This credit line can vary depending the specific secured card you opened up and your credit history, but oftentimes, these credit lines are quite low. Just like with regular credit cards, you’ll receive monthly statements and you’ll be required to make payments. You won’t receive your deposit back until you close out your account and your balance is paid off in full. For some people, this can be risky.

Your payment activity on a secured credit card is sent to the credit reporting bureaus, and as such, your credit score is affected. For people looking to build up their credit score, responsible use of a secured credit card can sometimes be a good place to start, but not always. If you don’t think you’re financially responsible yet to use a credit card, you don’t only put your monetary deposit at risk, but your credit score can end up going down, rather than improving.

Prepaid cards

Prepaid cards, on the other hand, have no effect on your credit score whatsoever. For many consumers, this is the great thing about prepaid cards, especially if they’ve had significant credit card debt troubles in the past. There is no borrowing any money when it comes to prepaid cards, so there are no minimum required payments or bill deadlines to worry about. Many consumers find that prepaid cards are much simpler to manage and are a stress-free way to have a credit card.

Similarly to secured cards, prepaid cards require that users make a monetary deposit. However, this is another way that the two differ: the monetary deposit you make on your prepaid card is not collateral, but in fact, is what you can spend. This often gives users the opportunity to use their cards for much larger purchases, due to the fact that secured credit cards usually impose low limits. For example, if you’re planning on booking a vacation online, you’ll need a credit card. If you have a secured credit card, your limit may not be enough to book the entire thing. If you have a prepaid card, you can load the money you need onto the card and book your entire trip. And the best part of all? You won’t be in debt or owe any of that money back, because the money you spent was yours and not borrowed.

Would you like more information about opening up a prepaid card? Learn more about the prepaid cars we offer at J.G. Wentworth by visiting our prepaid card section today.