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Archive for the 'Credit Cards' Category

[This is a guest post by Elisabeth Chan, who runs Creditnet.com and holds a B.S. degree from BYU’s Marriott School of Management. Creditnet is a free resource for anyone who wants to learn more about credit. At Creditnet.com, you can compare hundreds of the best credit cards online, such as student cards and 0% interest [...]

This is a guest post by Mr Credit Card from www.askmrcreditcard.com. Mr Credit Card writes about credit card reviews, debt and other money stuff. His site has lots of credit card offers and he has even compiled a best credit card offers section. Recently he interviewed me about my debt reduction effort (I’m almost there [...]

I received my loan statement yesterday and my debt, which was at a hair-raising $20,000, has shriveled to a more demure $5,400. I can almost feel languorous freedom again – it’s sooo close! But my debt-free journey is far from over. Here are some simple tidbits which helped me enormously this past year. I stopped [...]

Do you faithfully pay your bills on time every month and never exceed your credit limit? You could still potentially be flagged as a credit risk and have your limit lowered based on criteria beyond your control. I stumbled across this article in The Atlanta Journal-Constitution which reflects how rapidly rules can change in the [...]

Credit card comparison shopping doesn’t have to be a hassle, instead let it be a breeze! Credit cards can be an invaluable tool when utilized responsibly, and cash back credit cards offer a great incentive to use credit for small daily purchases as long as a balance isn’t maintained on the card from month to [...]

A Continuation Of My Struggle Battling Alleged Credit Card Debt The beginning of this story can be found at Broke-Ass Student Just Got A Whole Lot Broker with a bristled rebuttal at How To Fight Back Against Collection Agencies. I squinted at the words scrawled across the pages through the dim light, entirely absorbed in my reading, when suddenly loud [...]

Avoid falling victim to these legal credit card ruses and traps. As credit card companies consistently churn out ‘preapproved’ letters offering enticing rates, it’s easy for unsuspecting consumers to fall prey to unscrupulous, yet perfectly legal, credit card tactics. This is why it’s imperative to always bust out the magnifying glass and pick apart the fine print before settling on a seemingly brilliant offer. Here [...]

Why it pays to read the fine print on credit card offers Until successfully regaining control of my financial situation, I discontinued using credit cards for the past few years and relied exclusively on debit. However, one of my goals this year is to apply for a credit card and responsibly build my FICO score to an admirable level.   My strategy [...]

Preserve your rights against debt collectors to make sure you’re being treated fairly If you’ve been contacted by a collection agency, don’t be afraid, feel ashamed, or become nervous. Remain firm and stand your ground. Never allow yourself to feel manipulated or bullied. You will never, ever go to jail for not paying a debt. Take a deep breath, [...]

My broke-ass is being sued. I apologize for being away from this blog the past week, but things have taken an unexpected turn. Last Wednesday, out of nowhere, I received a notice in the mail that Mr. Scumbag lawyer was authorized to commence a lawsuit against me on behalf of a federal bank for an [...]

Baby step #6 – Use a ‘save first and buy later’ approach to avoid spending money you don’t have Are you struggling paycheck to paycheck and there never seems to be enough money at the end of each month, like I was? Is it a constant struggle to make your bill payments on time? Do [...]