For individuals who are struggling under the burden of too much debt, it’s the consumer-type debt – rather than home mortgage debt – that’s quite often the culprit. More specifically, these individuals are probably saddled with a level of credit card debt that they are finding difficult to completely pay off. Even when you’re able to change your spending habits for the better, you’ll still need to pay down the credit card debt you’ve already incurred.
One technique that you might consider is to take out a new loan to pay off your credit card debt.
Here is some credit... Articles Tagged ‘credit card debt’
Should You Get A Loan To Pay Off Credit Card Debt?
For individuals who are struggling under the burden of too much debt, it’s the consumer-type debt – rather than home mortgage debt – that’s quite often the culprit. More specifically, these individuals are probably saddled with a level of credit card debt that they are finding difficult to completely pay off. Even when you’re able to change your spending habits for the better, you’ll still need to pay down the credit card debt you’ve already incurred.
One technique that you might consider is to take out a new loan to pay off your credit card debt.
Here is some credit...
Monday, October 1st, 2012
For individuals who are struggling under the burden of too much debt, it’s the consumer-type debt – rather than home mortgage debt – that’s quite often the culprit. More specifically, these individuals are probably saddled with a level of credit card debt that they are finding difficult to completely pay off. Even when you’re able to change your spending habits for the better, you’ll still need to pay down the credit card debt you’ve already incurred.
One technique that you might consider is to take out a new loan to pay off your credit card debt.
Here is some credit... Should You Pay Off Credit Cards With a Balance Transfer?
Friday, August 3rd, 2012
The balance transfer deal is a common promotional tool used by credit card companies to acquire new customers. This type of promotion usually allows a new customer to open an account, transfer balances from one or more of their existing credit cards onto the new account – usually up to a certain dollar amount – and pay very low or no fees on that transferred balance for a fixed period of time.
The opportunity to pay off high interest credit card debt at a lower rate can be tempting, but it isn’t necessarily something you should do.
Here is some credit...
What to Expect From a Credit Counseling Service
Tuesday, July 10th, 2012
Despite the fact that there is so much good financial information readily available online, some people prefer to seek out one-on-one interactions for financial guidance. This desire for individualized attention can be particularly strong if someone is experiencing financial difficulties. In light of the fact that so many individuals are experiencing financial problems these days, credit counseling services have become an increasingly popular option.
While the fees charged by these services can vary widely, the process of going through credit counseling is usually quite similar across the different agencies.
If you’ve never gone through it before, here’s some information and advice...
Stick to a Plan of Reducing Credit Card Debt
One of the biggest hurdles that many individuals and families face on the path to financial independence is digging out from credit card debt. It doesn’t take long for the balances on multiple credit cards to climb to the point where just the interest charges can amount to several hundred dollars per month. When the first few hundred dollars you pay each month do nothing to reduce your indebtedness, it’s time to come up with a plan to reduce that credit card debt.
While it’s generally not difficult to come up with a plan to lower the credit card balances,...
Tuesday, May 8th, 2012
One of the biggest hurdles that many individuals and families face on the path to financial independence is digging out from credit card debt. It doesn’t take long for the balances on multiple credit cards to climb to the point where just the interest charges can amount to several hundred dollars per month. When the first few hundred dollars you pay each month do nothing to reduce your indebtedness, it’s time to come up with a plan to reduce that credit card debt.
While it’s generally not difficult to come up with a plan to lower the credit card balances,... Advice on Using a Windfall to Pay Off Credit Card Debt
Not all unexpected financial developments are bad things. For example, you may find yourself the recipient of a cash windfall. A windfall can come from a number of different sources, including larger than expected tax refunds, inheritances or even winning a contest or sweepstakes.
Since a windfall is not money that you planned on receiving, the amount won’t already have a place within your budget. This means that you have options for what to do with the money. You could spend it all on indulgences, of course, but there are more productive uses that you should consider first. One great...
Tuesday, March 27th, 2012
Not all unexpected financial developments are bad things. For example, you may find yourself the recipient of a cash windfall. A windfall can come from a number of different sources, including larger than expected tax refunds, inheritances or even winning a contest or sweepstakes.
Since a windfall is not money that you planned on receiving, the amount won’t already have a place within your budget. This means that you have options for what to do with the money. You could spend it all on indulgences, of course, but there are more productive uses that you should consider first. One great... How to Cut Your Credit Card Debt
Are you challenged with excessive credit card debt? Don't despair! While credit card debt can feel difficult, it can be overcome with a little work and planning. You can take action today, and achieve mastery over your finances!
Whichever of these strategies you use, avoid the common mistake of running up the balance on your credit cards again. Then you'll potentially have a loan and a credit card balance to deal with. Cut up those cards you don't need (yes, literally!), and move forward with your life on a cash-only basis.
Here is some advice on how to reduce and eliminate...
Wednesday, June 1st, 2011
Are you challenged with excessive credit card debt? Don't despair! While credit card debt can feel difficult, it can be overcome with a little work and planning. You can take action today, and achieve mastery over your finances!
Whichever of these strategies you use, avoid the common mistake of running up the balance on your credit cards again. Then you'll potentially have a loan and a credit card balance to deal with. Cut up those cards you don't need (yes, literally!), and move forward with your life on a cash-only basis.
Here is some advice on how to reduce and eliminate... 5 Easy Ways To Reduce Credit Card Debt
Did you know that according to census data, the average American household carries nearly $8,000 in credit card debt? For some, that's manageable. But for most households, it signifies a pattern of overspending and paying outrageous amounts of interest. Here is some advice on how to reduce your credit card debt.
Being buried in credit card debt is far from uncommon. But that doesn't mean that's the way it should be. Carrying a high balance on your credit card – or worse, several credit cards – can take a big bite out of your budget. You might only be able...
Friday, April 16th, 2010
Did you know that according to census data, the average American household carries nearly $8,000 in credit card debt? For some, that's manageable. But for most households, it signifies a pattern of overspending and paying outrageous amounts of interest. Here is some advice on how to reduce your credit card debt.
Being buried in credit card debt is far from uncommon. But that doesn't mean that's the way it should be. Carrying a high balance on your credit card – or worse, several credit cards – can take a big bite out of your budget. You might only be able... Reduce Your Credit Card Debt
According to the American Banker’s Association, the average American family carries $8,000 in credit card debt. While a lot of companies claim they can magically make this debt disappear, there’s no substitute for formulating a realistic plan to get it paid off. High interest rates and late fees can complicate matters, so it’s important to make a plan and commit to it. There is no quick fix – paying down any debt takes time – but there are several viable options and techniques that can help.
* Prioritize
Make the payment of your credit card debt a...
Thursday, August 27th, 2009
According to the American Banker’s Association, the average American family carries $8,000 in credit card debt. While a lot of companies claim they can magically make this debt disappear, there’s no substitute for formulating a realistic plan to get it paid off. High interest rates and late fees can complicate matters, so it’s important to make a plan and commit to it. There is no quick fix – paying down any debt takes time – but there are several viable options and techniques that can help.
* Prioritize
Make the payment of your credit card debt a... 
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