As inflation continues to rise, it can be difficult not to use your credit cards. After all, the goods and services you use every single day are presumably more expensive than ever. Still, if you cannot pay off your credit cards monthly, you may notice an immediate...
credit card debt
Why should you track credit card spending?
Credit cards get a bad rap because a lot of people do not understand how to responsibly use them. However, the strategic use of credit cards can benefit you in a number of ways including helping you to build rapport with lenders. Tracking your credit card spending can...
Do credit card balances increase credit scores?
Of all the dangerous and misleading myths circulating about credit scores, one of the most damaging involves your balance. Unfortunately, many people hold a mistaken belief that carrying a balance on a credit card can actually increase your score. Interest-bearing...
How do you keep yourself out of credit card debt?
Digging yourself out of debt will undoubtedly serve as one of the most difficult financial hurdles you will overcome. Of course, once you find your way back out of it, it would make sense for you to avoid getting back into it at all costs. To this end, you can take...
Do you know your debt-to-income ratios?
For many Americans, money seems to be in short supply nowadays. Because most cannot afford to pay for even a $1,000 emergency, turning to credit cards is often the only option. If you have too much debt, though, you may worsen your financial situation considerably....
Taking legal action against a debt collector
If you are dealing with a debt collector, you likely have a number of hardships to work through. Aside from struggling with intense levels of anxiety and uncertainty, some people face hardships because debt collectors violate their legal rights. If you have...
What are some common reasons for credit card debt?
Many Americans deal with the stress that often comes with large amounts of debt and, in some cases, acquiring too much credit card debt, in particular, may make it difficult for individuals to secure loans for homes or vehicles because of how debt impacts their credit...
How to handle credit card debt as a recent graduate
As a recent graduate, you are likely trying to manage your money and debt as you leave your college days behind and go into your new career. When you plan your budget including your new income and expenses, you will need to account for any credit card debt you carry. ...
What is a debt management plan?
If credit card debt is overwhelming you, there are a plethora of avenues for you to get out of your predicament. One such way is with a debt management plan. While the term “debt management plan” may sound very non-specific, it is a specific debt payoff tool that...
What is a secured credit card?
Rebuilding your credit is a key goal in the aftermath of any kind of bankruptcy. Particularly if you struggled with credit card debt prior to bankruptcy, it might surprise you to learn that credit cards can help you rebuild your credit. Secured credit cards are a...