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Grace Period
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Definition: Grace Period
A grace period is the period from the date a statement was prepared by the issuer (statement date) to the payment-due date. No interest will be charged if the whole balance is paid by the end of the period. These interest-free grace periods typically last 25 days, but 20-day periods are becoming more common.
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Back to Basics: Six Money Related Words and Phrases
There's no such thing as being too well-versed in the world of money words and phrases. Check out these six definitions to refresh your memory, or learn something new about the jargon of funny money.
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While it may give you a temporary headache, reading the fine print on credit card offers does pay off. Consumer Reports composed research to narrow down the best credit cards available, and in the process it found a few so bad it had to warn us to stay away in its October issue. Here are the three cards they say are the pits; if you come across other cards with similar terms, steer clear.
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Forking over your monthly student loan payment is surely something that makes you sigh with irritation, but here's some news that may make those times of the month less brutal.
If you've already consolidated your student loans and haven't added any new ones then you're not eligible for a rate reduction, but if you haven't yet consolidated consider marking July 1 on your calendar. Find out what rates may be available as of the first when you read more
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