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

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

My Favorite Thing About Paying off Debt

My Favorite Thing About Paying off Debt

I have been aggressively paying down my auto loan since the beginning of the year.  Every time I am about to waiver and change course I remember my favorite thing about paying off debt.  What is my favorite thing about paying off debt? I don’t believe that debt is religiously evil, nor do I think