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You have the dreaded double whammy on your credit reports—a charge-off and collection for the same old debt.  But how did this happen?

Frankly, the whole process can be quite confusing to most consumers, which is why I’ve done my best to break it down into the following six simple steps.  While your situation might be a little bit different, my experience has been that 90% of the time this is exactly how it all plays out.

1. The original creditor charged off your credit card account because you stopped paying and they considered it a business loss.  They report it as a charge-off to the major credit reporting agencies.
2. The original creditor decides to make a few bucks on your uncollectible debt so they sell it to a collection agency that specializes in buying charged-off debt. Note t

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Constant turnover at the top can be distressing, but is it problematic enough to turn down a job? In FINS’ informal Sign or Decline survey, 36% of 691 respondents said they’d turn down their dream job if their new manager had been replaced three times.

While low turnover rates have historically been championed as an indicator of great management and company culture, some experts say that turnover rates don’t mean what they once did.

Working under a manager in a high-turnover role could be an advantage, says Roy Cohen, a career coach in New York City and author of The Wall Street Professional’s Survival Guide.

“If you come in in a more junior capacity, below management level, it offers you the opportunity to figure things out without the pressures of being a manager,” says Cohen.

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According to the assistant governor of the Australian central bank, the big four lenders in the country are no longer depending so heavily on wholesale funding markets for their needs, and have chosen instead to raise their finance using the more traditional method of retail deposits since.

Guy Debelle RBA Assistant Governor says that the major lenders have experienced an annual 11 per cent growth rate in their retail deposits, which is in excess of the growth in credit, which has remained flat at 5 per cent.

Mr. Debelle did warn the lenders not to rely exclusively on one source of funding and have a diversity of sources.

Mr.

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Holiday shopping is in full swing, and there are certainly great deals to be found everywhere this year. However, you can save even more money if you shop for those deals with the right rewards credit cards in hand. In fact, in some instances you can even receive an additional 25% in discounts!

So before you hit the shops this year, make sure you know what discounts and rewards are offered by the credit cards you already carry in your wallet. Or, consider applying for a new rewards credit card to maximize your holiday savings.  Here are some of our favorites if you’re already on the hunt:

The American Express Blue Cash Preferred Card offers some of the best cash back rewards available. You receive 6% cash back at grocery stores, 3% on gas, and 1% on all other purchases with this card. Yo

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