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Credit card debt can be especially burdensome when the cards carry high interest rates. Compounding interest can create a snowball effect, making it difficult to pay off the debt and…
It’s the least wonderful time of the year for millions of cash-strapped Americans thanks to three letters – I-R-S! Income tax returns are due April 18, but what if you…
As a strategy, paying for college with a credit card sounds enticing. Your card probably offers generous air miles or points for every dollar you spend, and you have the…
One morning, the sound of raindrops wakes you up and your first thought is “Not another rainy day! And your second one is, “I’m late for work!” You make a…
Generally speaking, negative marks remain on your credit report for seven years, though Chapter 7 bankruptcy stays on for 10 years. The important thing to remember is that the impact…
Kenny Rogers is a singer, not a debt management adviser, but if you want financial security, take his famous words of poker wisdom: You’ve got to know when to hold…
Finding the right home loan – and a credible lender willing to offer it – isn’t easy. Since the Great Recession of 2008, mortgage interest rates have hovered near historic…
The government just gave a raise to a lot of Americans who really need one. Now they just have to make sure Uncle Sam keeps his hands off the money.…
After a year of political upheaval and economic uncertainty, it might come as a relief that 2017 holds few surprises for retirement savings. For the fourth year in a row,…
Eddie Hall wanted to become an actor. So where did he go? Where else? After high school, he left his comfortable suburban Florida community and headed to New York City.…
Sources:
- Martinez, D., Seikel, M. (2024, February 22) Credit card interest rate margins at all-time high. Retrieved from https://www.consumerfinance.gov/about-us/blog/credit-card-interest-rate-margins-at-all-time-high/
- White, J. (2019, January 24) Making Multiple Payments Can Help Credit Scores. Retrieved from https://www.experian.com/blogs/ask-experian/making-multiple-payments-each-month-can-help-credit-scores/
- Tong, M. (2024, May 29) How Compound Interest Works With Credit Cards (Everything You Should Know). Retrieved from https://americor.com/blog/glossary/how-compound-interest-works-with-credit-cards/
- NA (ND) 4 strategies to pay off credit card debt faster. Retrieved from https://bettermoneyhabits.bankofamerica.com/en/debt/how-to-pay-off-credit-card-debt-fast
- NA (ND) How to Manage and Pay Off High-Interest Debt. Retrieved from https://www.equifax.com/personal/education/debt-management/articles/-/learn/manage-high-interest-rate/