Category Archives: Debt

Is a Loan Ever a Better Option than a Credit Card?

Are you faced with the need to make a big purchase for a much needed item? Do you have the readily available funds to make the purchase? If it is an unexpected expense, then few of us have the cash and so need to look at another payment method. Perhaps you have to pay for

When High Interest Loans Are a Scam and When They Are a Savior

They don’t call them loan sharks because they play fair. Predatory lenders are notorious for their ingenious ability to prey on people who often find themselves in the position where they need a big cash injection days or weeks before payday. They use the simplicity and the access to lure many folks into repayment plans

How To Choose A Credit Card For Newbies

Choosing a credit card for the first time can be a confusing and bewildering process. What should you look for? How do you make the best credit card choice for you? There are so many credit cards – Visa, MasterCard, American Express, Discover – and the wrong choice can cost you a lot of money.

How Does a Balance Transfer Work?

A balance transfer credit card can be a tricky proposition, and if you aren’t familiar with the process, it can cost you money. It’s not complicated to transfer a balance from one credit card to another; a 0% balance transfer can even save you much, but there are issues you should be aware of before

The Very First Step When Eliminating Debt

The Very First Step When Eliminating Debt

This past weekend, I was involved in two separate conversations regarding debt repayment.  Interestingly both conversations concerned married couples that despite varied lengths of marriage had failed the first step when it came to destroying debt.   The very first step in getting rid of debt is actually knowing exactly how much you owe to creditors.

Has the Credit CARD Act Benefitted Consumers?

Has the Credit CARD Act Benefitted Consumers?

It’s just over a year since the Credit Card Accountability Responsibility and Disclosure (CARD) Act came into effect but has it heralded a change for the better for credit card users? The bill was introduced to limit the ways in which credit card companies could charge consumers and though it was first passed in the