Don’t Just Pay Your Minimum Credit Card Balance Monthly
Tuesday, July 13th, 2010
When you’re living paycheck to paycheck, it can be tough to pay more on your credit card debt than the minimum payment. However, the numbers show that even if you can only afford to pay a few dollars more each month, you will drastically reduce your debt. Here is some advice on what to do.
Paying only the minimum means you’ll pay more in the long run. If, for example, you have a balance of $2,000 and you pay 10% of that balance each month, in three years you’ll have paid off your balance and $269.31 in additional interest, assuming...
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Tags: credit card advice, credit card payments, reduce debt
Posted in Managing Credit | No Comments »
5 Easy Ways To Reduce Credit Card Debt
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...
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Tags: credit card advice, credit card debt, reduce debt
Posted in Managing Credit | 1 Comment »
Developing a Debt Payment Program
Thursday, March 18th, 2010
You are an anomaly if you don’t have some sort of debt. But, that is a club that most people would rather not belong to. Do you want to get out of debt? Here is some advice on how to institute a debt payment program and find freedom.
First of all, you don’t have to use credit payment programs if you don’t want to. The truth of the matter is that you can accomplish on your own what these programs offer to do for you. They have no more leverage with the credit card companies than you do.
However, if...
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Tags: credit card advice, debt payment plan, debt reduction, reduce debt
Posted in Managing Credit | No Comments »
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