Everyone wants to take the money they earn, use it wisely and turn it into more money, right? This is exactly what the most successful billionaires in the world have done, and the average consumer can invest their money, too. Mark Cuban, the billionaire businessman, recently told MarketWatch in an interview his number one piece of investment advice: Pay off your credit cards.
Fix your credit score after Chapter 13 bankruptcy
Every person's credit score will be affected in some way or another following Chapter 13 bankruptcy proceedings. In most cases, those effects will be negative and damaging to your credit for a period of up to seven years. However, a bad credit score doesn't mean you'll be barred from building up your credit rating.
Should I freeze my credit card in a block of ice?
When it comes to spending control, many American consumers may find it difficult to keep themselves from whipping out their plastic and buying something frivolous or unnecessary. For this reason, creative credit card owners have invented a host of ideas to help them control their spending impulses. There a few that might surprise you with how well they work.
Paying taxes with your credit card is a bad idea
Just like any kind of unforeseen expense, getting a surprisingly large tax bill can really set you back financially. For this reason, many Washington residents will simply pay their taxes on their credit cards with the idea of paying the money back later. The problem is, for some, paying taxes with a credit card results in a never-ending debt issue.
Now is the time to get your credit card debt under control
A small increase in the Federal Reserve's interest rates could have a dramatic effect on the American public -- especially those who are carrying consumer credit-card debt. As it stands, WalletHub reveals that United States consumers are holding on to a lot of credit card debt at the moment and the problem is only getting worse -- to the tune of $92 billion worth of extra debt accrued last year.
The 10 credit card commandments: Follow them or fall into debt
There are few rules of the road when using credit cards: Call them the 10 Credit Card Commandments, if you will. When you follow them, you'll stay out of debt. When you break them, you run the risk of your debt situation getting terribly out of control. Here are 10 mistakes you need to avoid in this regard:
Is high credit card debt damaging for your health and happiness?
We all know that high cholesterol and high blood pressure are bad for our health, but what about credit card debt? A recent survey conducted by NerdWallet of 2,000 credit card users showed that having a high amount of credit card debt can present some serious health consequences for Americans.
3 reasons to never hold debt on your credit cards
Everyone knows that credit card debt is bad. Nevertheless, they still get into debt trouble again and again. In fact, some people have had to file for bankruptcy multiple times in order to resolve debt troubles that they had no way of getting out of.
Get out of credit card debt: 6 steps
If you're struggling under a mountain of debt, it's not going to be easy to get out of it. However, there are few tricks and tips that the average Washington resident can follow in order to get out of debt as quickly as possible.
Could a debt relief loan be the right option for you?
Credit card debt can become overwhelming in no time at all. The first thing you know, you're charging the price of a movie ticket and a bucket of popcorn on your card because you're short on cash in your checking account. The next thing you know, you're underwater in $7,000 worth of debt, and you have no idea when you'll have enough money to ever pay it off.
