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Posts tagged "Credit Card Debt"

Would you give up Facebook to erase your credit card debt?

It's hard to believe, but Americans are so fed up with looming credit card debt that many admitted in a recent survey they would give up some of their favorite things for the chance to be debt free. The debt survey conducted by Mr. Cooper showed that 33 percent of Americans admitted that credit card debt caused them to lose sleep, and 25 percent said that credit card debt is interfering with the family relationships.

How to attack your credit card debt with everything you've got

One of the best ways to pay down your credit card debt as quickly as possible is to harness your financial resources, free up financial leaks and start directing all that cash to paying off your credit cards. Although this sounds simple enough, an action plan can help you stay focused on the most important aspects of this process.

2 things to help you navigate your credit card debt

It's easy to find yourself in out-of-control credit-card debt. All it takes is the decision to put a fancy vacation on your card. If you come home, and then find yourself in the throes of a difficult and costly health condition, you may be tempted to charge your medical expenses on your card. Then, you'll really be in trouble.

Are you underwater in credit card debt?

There's nothing worse than feeling like you don't have enough money to pay the bills. Not only will you feel like you don't have enough money to spend on entertainment and other things you enjoy, but you'll be worried about having enough cash to put food on the table, pay for vital utilities and pay the rent for the roof over your head. When some people find themselves in this kind of situation, they may turn to their credit card for a bailout, so they can make financial ends meet.

Billionaire reveals the best investment you can make

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:

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