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Credit Cards
If you’re swamped in debt and it’s harder each month to at least pay your minimum credit card balances, inaction isn’t an option. But how do you tackle what could…
About Credit Card Hardship Programs Generally speaking, Americans are late in paying off credit card balances and the situation could get far worse after the devastating fallout from the coronavirus.…
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
What Is Considered Bad Credit? Different lenders have different standards for what bad credit is, and the number is more important than the label that goes with it. The numbers…
Everyone knows the pitch. You’ve spent half an hour trying on clothes off the rack at a shopping mall department store, found three shirts that look perfect and take the…
How do you turn $20,000 into more than $42,000? If you’re talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment…
More than one-third of college students say managing a bank account is a major cause of stress. Also, 12% say they never check their bank account balance because it makes…
Sources:
- Barnett, A. (2019, April 23) Snowball vs. Avalanche: Which Debt Payoff Method Is Best? Retrieved from: https://www.moneyunder30.com/snowball-vs-avalanche
- Compton, J. (2018, June 8) How to Pay Off Your Loans Using the ‘Debt Avalanche’ Method. Retrieved from: https://www.nbcnews.com/better/business/how-debt-avalanche-method-helped-one-woman-pay-68-000-ncna881356
- Landes, L. (2019, March 12) The Correct Way to Pay Off Personal Debt: The Debt Avalanche. Retrieved from: https://www.consumerismcommentary.com/the-correct-way-to-pay-off-personal-debt-the-debt-avalanche/
- Singletary, M. (2018, December 25) A little too merry with holiday credit card spending? Adopt a debt-payoff strategy. Retrieved from: https://www.washingtonpost.com/business/economy/a-little-too-merry-with-holiday-credit-card-spending-adopt-a-debt-payoff-strategy/2018/12/25/46c20b10-07bc-11e9-85b6-41c0fe0c5b8f_story.html?utm_term=.d00907298272
- Berger, R. (2017, July 20) Debt Snowball Versus Debt Avalanche: What the Academic Research Shows. Retrieved from: https://www.forbes.com/sites/robertberger/2017/07/20/debt-snowball-versus-debt-avalanche-what-the-academic-research-shows/#355bcf521454