Category:
Credit Cards

Woman checking a paper representing a personal loan while holding a credit card.

Using Personal Loans for Credit Card Debt

By George Morris | October 29, 2024

When credit card bills become difficult to handle, there are several solutions. One worth considering is using a personal loan to pay off your credit cards. This strategy is a…

3D bank credit card with a block symbol and coins representing closing a credit card with a balance.

Can You Close a Credit Card With a Balance?

By Robert Shaw | August 28, 2024

Credit card offers are as endless as the universe and corny dad jokes. Whether you’re banking, shopping online, or just settling into a seat on an airplane, financial institutions line…

Man holding two credit cards

Can You Pay a Credit Card With a Credit Card?

By Tom Jackson | August 20, 2024

Credit card debt in the U.S. reached a record $1.14 trillion in the second quarter of 2024. Could anyone pay it all off using a giant Visa or Discover card?…

Woman swiping her credit card at the store

What Happens If You Go Over Your Credit Limit?

By Sarah Brady | September 1, 2023

Credit card balances hit record highs in late 2022. If you’re one of the many people whose credit card balance has increased lately, you probably know there are uncomfortable consequences.…

Man on computer searching for his debts

How to Find Out How Much Debt You Have

By Maureen Milliken | February 23, 2023

Most U.S. consumers have a variety of debt, ranging from credit card accounts, auto loans, medical debt, student debt, personal loans, a mortgage and more. As years go by, it…

A stack of credit cards toppling each other over like dominos

Debt Stacking Method

By Maureen Milliken | January 5, 2023

Paying down credit card debt should be simple, right? Pay the bill every month and watch the balance shrink. But for many people, it doesn’t always work that way. Balances…

Trash can full of unpaid credit card bills

What Happens If I Stop Paying My Credit Cards?

By Sarah Brady | December 8, 2022

It might seem harmless to miss a credit card payment, but making late payments (even if it’s just one day late) can have repercussions. The longer you go without paying,…

Credit Card

Nonprofit Credit Card Debt Help

By Devin Joy | November 16, 2022

Nonprofit Debt Consolidation More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…

Credit Card

Nonprofit Debt Consolidation

By Devin Joy | November 15, 2022

Nonprofit Debt Consolidation More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…

Beware Cash Advances

Credit Card Cash Advances

By Sarah Brady | October 27, 2022

When it comes to managing money, the quickest solutions usually aren’t the best. Credit card cash advances give you a fast way to get your hands on some money, but…

Sources:

  1. N.A. (2024, August 1) Finance Rate on Personal Loans at Commercial Banks, 24 Month Loan. Retrieved from https://fred.stlouisfed.org/series/TERMCBPER24NS
  2. N.A. (2024, August 1) Commercial Bank Interest Rate on Credit Card Plans, All Accounts. Retrieved from https://fred.stlouisfed.org/series/TERMCBCCALLNS
  3. N.A. (ND) What is the Length of Your Credit History? Retrieved from https://www.myfico.com/credit-education/credit-scores/length-of-credit-history
  4. N.A. (ND) Considering a loan from your 401(k) plan? Retrieved from https://www.irs.gov/retirement-plans/considering-a-loan-from-your-401k-plan