Category: Credit Card Debt

Once you turn 18, you are deemed to have reached a certain level of maturity necessary to not only enter contracts, but manage your own finances as well. However, not everyone is fortunate enough to have had good financially-responsible role models to emulate. Because of this, many young consumers make poor decisions that can leave

It’s 2017, and that means it’s time to look at your credit card debt once again. The start of a new year is a good time to look into your budget and how you can pay down debts that may have held you back in the past. Credit card debts aren’t cheap, and paying them

The holidays are here, and that comes with the stress of buying gifts, having guests over and generally celebrating the holidays. Holidays can be quite expensive, so it’s common for people to pull out their credit cards to cover the difference. There are some mistakes you could make if you’re not careful, and they are

If you’ve ever had a credit card, you know that you have a minimum amount that you must pay each month. This payment, known as a minimum payment, is designed to keep you paying interest on the card for as long as possible. It’s how the company makes money and how you stay in debt.

If you’re learning about credit or are rebuilding your credit score after bankruptcy, you might be looking into options like store credit cards. These credit cards might seem like a good option for teens and young adults or those who want to try rebuilding their credit because of a few factors. The limits are low,

If you’re ready to tackle your credit card debt head on, then there are a few different strategies you can use. While you might have considered bankruptcy, there are alternatives that you might want to try first. The first thing you can do is to call your creditors. Ask them to lower your interest rate,

Should the first time you get a credit card be when you’re heading to college? According to some, the answer to that is no. Why should you stay away from credit cards, though? The answer is pretty simple. It’s easy to be under peer pressure to spend more, and you are just learning to budget

If you find yourself in financial trouble, don’t jump automatically to bankruptcy. You may be able to negotiate your credit cards directly and protect your credit score from the damage a bankruptcy would cause. Can you really negotiate your credit card debts to pay less? Sometimes, yes, especially if you explain that you are struggling

One of the best ways to stay out of debt is never to be in it in the first place, but that’s not always an option. Credit cards can be used to build up your credit profile, helping you obtain loans and other benefits; however, if financial trouble does result when these cards are used,

There may come a time when you can’t afford to pay a credit card payment. Maybe you lost your job, underestimated your expenses or struggled with other issues in your life. Whatever the reason is, remember that you do have some options. First, try getting together some extra money by selling off a few items.