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March 2017 Archives

Ask and you shall receive: How to save money on credit card fees

There's a great saying, that will take you far in the world of debt management, "It doesn't hurt to ask." Indeed, when it comes to credit card debt, credit card late payment fees, and credit card interest rates, you might be surprised what your credit card company will give you if you merely ask. A new survey shows that a significant percent of people who ask their credit card companies for a lower interest rate or a lower fee will get their requests approved.

Late on your credit card bill? Here's what happens

Nobody plans to pay their credit card bills late. It's just what happens either as a result of forgetfulness, or because you don't have enough money to make the payment. However, if you have a credit card, you should know that late payments can result in serious consequences -- not only for your credit card balance, but also for your credit card rating.

Under what conditions could your debt discharge be denied

Just because you file for Chapter 7 bankruptcy doesn't mean that your bankruptcy process will be a success. In fact, although they're rare -- and only happen about 1 percent of the time -- there are some circumstances in which a bankruptcy discharge could be denied. This article will review some of those circumstances so you can be sure to avoid them in your own Chapter 7 process.

What if I suddenly stop paying my credit card bills?

If you're drowning in credit card debt, the temptation is high simply to stop paying them. Indeed, it will relieve a lot of stress and financial difficulty if you can suddenly free up hundreds of extra dollars each month. However, the consequences of stopping your debt payments will accumulate behind the scenes.

Credit card companies want you to be in debt

Most rational people that loan another person money want to get paid back as quickly as possible -- but not your credit card company. Your credit card company wants you to rack up as much debt as possible and then take as long as possible to pay it off. That way, the debt stays on your back for years as you pay massive amounts of interest.

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