Articles by Thomas (TJ) Porter

TJ Porter has in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions. He has also contributed to publications and companies such as Investment Zen and Echo Fox. He aims to provide actionable advice that can help readers better their financial lives. Education: B.S. in Business Administration, Concentration in Information Systems from Northeastern University.

What Happens When Your IRA CD Reaches Maturity Learn what happens to your money when an IRA CD reaches maturity. Find out how you can move the funds to another IRA and ways that you can earn more interest with a CD renewal or CD ladder. Understand the differences between traditional and Roth IRAs so that you don't break any IRS rules. Which Credit Report Does Synchrony Bank Pull? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Which Credit Report Does Synchrony Bank Pull? Synchrony Bank primarily pulls credit reports from TransUnion when evaluating... Can You Pay Bills Directly from a Savings Account? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Can You Pay Bills Directly from a Savings Account? Yes, you can pay bills with a savings account but they're designed for long-term... Which Credit Report Does American Express Pull? Find out which credit report is used more often by American Express when it checks an applicant's credit to decide whether or not to grant approval for a new credit card or charge card. Learn how you can check your credit report for free or at a discount. See how you can improve your credit for higher chances of approval. What to Do If You’ve Become the Victim of a Subscription Scam Find out whether you should cancel your debit or credit card if you've given the payment information for a subscription scam that could threaten your credit. Which Credit Report Does Bank of America Pull? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Which Credit Report Does Bank of America Pull? Bank of America primarily uses your Experian credit report when evaluating credit... Which Credit Cards Are Most Accepted Worldwide? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Which Credit Cards Are Most Accepted Worldwide? Visa and Mastercard are the most widely accepted credit card networks globally,... What Happens If You Lie About Your Income on a Credit Card Application? Your income is required when you apply for a new credit card. And, lying about it could get you approved, but it could also get you in trouble. Compounding Interest Daily vs. Monthly: What’s Better for Your Savings? Learn the differences between daily and monthly compounding interest to determine if it actually matters to you and your savings. Find out how the two terms are related to APR and APY. Understand how the rate of compounding is used to calculate the effective return of your deposits in savings accounts and CDs. Forgot About an Old CD Account? How You Can Find Your Money Photo of Thomas (TJ) Porter Thomas (TJ) Porter Forgot About an Old CD Account? How You Can Find Your Money CDs can be easily forgotten due to their long terms, but funds are often recoverable...