You may have received an offer for a new credit card that provides an incentive for a balance transfer, such as a low or zero-percent interest rate. While it may not immediately reduce your outstanding credit card balances, it may help you manage your monthly payments...
Are you facing debt collector harassment?
When you struggle with debt, you also struggle with debt collectors. Some may approach their collecting in a reasonable way. After all, the Fair Debt Collection Practices Act (FDCPA) prevents debt collectors from abusing their power. Unfortunately, it still happens....
Do you know these mental strategies for overcoming debt?
As part of your quest to get out of debt, you want to reframe your relationship with money. What mental tricks should you use to get out of financial quicksand and stay out? U.S. News & World Report offers suggestions that you may find useful. See how these tips...
What is the debt avalanche method?
If you are facing insurmountable amounts of credit card debt, the first thing that you need is a plan. Having a solid financial plan in place for dealing with your debt will help you get it under control so you can move forward into a stable financial future. One...
What is the debt snowball method?
There are a multitude of “clever” tips and tricks to get out of debt fast, but the reality is that getting out of credit card debt is much more like a marathon than a sprint. Whatever method you choose to deal with your debt, you will be managing the situation for...
Could I be responsible for my partner’s debt?
Whether you are facing a divorce, learn of a partner’s spending habits or are considering how marrying someone with credit card debt may affect your finances, you want to know how Maryland considers debt for couples. As the State Law Library explains, generally, you...
How can you eliminate your credit card debt?
If you are like many Americans, you have higher credit card debt than you would like. On average, credit card holders have $15,000 in debt, according to the Huffington Post. When it comes to any amount of credit card debt, people want to know how to pay it off. How...
Why do people think credit card balances increase credit scores?
One of the most damaging myths out there is that carrying a balance on your credit cards directly increases your credit score. An interest-bearing balance does not improve your score. It is not necessary to establish a credit history. It does not give you points with...
When does credit card debt affect a relationship?
When it comes to dating and marriage, finances can be a deal-breaker. Poor financial management can seriously damage a relationship. When a person struggles with credit card debt, it can lead to other partners finding him or her undesirable. Fortunately, there are...
How secured and unsecured debt differ
People struggling to stay on top of their debt may have a mix of different types of bills to pay. These may include medical bills, credit card debt, automobile loans and more. Not every type of debt is the same and consumers should learn about the two primary forms of...
