Category | Credit

Cutting the Credit Cords

This weekend, the New York Times ran a series of articles on debt in America. It’s definitely worth reading, but if you don’t have the time to go through all of them, there are two paragraphs that I think are absolutely key:
Average late fees rose to $35 in 2007 from less than $13 in 1994, [...]

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Credit Companies Are Getting Personal

Good credit score? Clean credit history? Make a lot of money? It might not be enough with the new limits credit card companies are imposing.

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Cut Down on The Credit Cards

It seems like every day there’s another preapproved credit card waiting in my mail box. And some of those offers look pretty tempting — after all, who wouldn’t want a 0 percent interest rate if only for a few months. It doesn’t stop at the mail box, either — every store at the mall has [...]

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Searching For A Job? Check Your Credit First

We all know that a good credit score is instrumental to getting a decent deal on a mortgage. But did you know that a bad score could keep you from landing a job?
Employers don’t want to hire applicants who have problems in other parts of their lives, and that includes debt. It’s more than just [...]

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Why You Should KEEP Your Credit Cards

With all the talk about why credit cards should be avoided, especially for people whose credit history is questionable, I thought it might be a nice change to talk about the good that credit cards can do. Here are a few reasons not to get rid of every credit or charge card you have.
1. Charge [...]

Do Bigger Payments Really Make For A Faster Payoff?

Classic advice for handling any amount of debt — mortgages, credit cards, etc. — is to pay more each month than is actually required. For instance, if I had a monthly credit card bill of $100, but I had an outstanding balance of $10,000, with 10% interest, it would take me 213 months (or 17 [...]

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