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  • 1. The credit card you pick can save you money Views: 54
    Terms of Use: The credit card you pick can save you money Table of Contents: Credit Card Interest Rates How Much Will You Pay? Credit Card Shopper'sChecklist Deciphering the Application Glossary For More Information Smart consumers comparison shop for credit, whether they're looking for a mortgage, an auto loan, or a credit card. Comparison shopping is important because it could save you money. When you're looking for a credit card, be sure to consider the costs and terms. They can  More...
  • 2. Getting a handle on debt: His, hers, and ours Views: 30
    Terms of Use In order for you to get a handle on your debt, it's important to list everything you owe. Pull together the most recent bills you received, and enter the total amount due on the worksheet provided below. Be sure to add additional line items as needed. Item Amount Home Mortgage or Rent Car Personal Loans Student Loans Credit Cards VISA MasterCard American Express Gas Card Departme  More...
  • 3. What things should I consider when selecting a credit card? Views: 29
    Terms of Use: Consider and compare all terms, including the following, before you select a card: Annual Percentage Rate (APR) - the cost of credit as a yearly rate. Free or Grace Period - allows you to avoid any finance charge by paying your balance in full before the due date. If there is no free period, you will pay a finance charge from the date of the transaction, even if you pay your entire balance when you receive your bill. Fees and Charges - most issuers charge an annual fee; some al  More...
  • 4. Medical bills Views: 27
    Terms of Use: Did you know that bankruptcies resulting from unpaid medical bills will affect nearly 2 million people this year? Unpaid medical bills are the number one cause of bankruptcy filing in the U.S. today, outpacing bankruptcies caused by credit card bills or unpaid mortgages. The data finds that most of those who filed for bankruptcy were middle-class, well-educated homeowners and carried health insurance. Since bankruptcy is an extreme measure, perhaps there are steps you can take n  More...
  • 5. What tactics are debt collectors prohibited by law from doing? Views: 26
    Terms of Use: The Fair Debt Collection Practices Act applies to those who collect debts owed to creditors for personal, family and household debts, including car loans, mortgages, charge accounts and money owed for medical bills. A debt collector is someone hired to collect money owed by you. A debt collector may not: Contact you at unreasonable times or places, for example, before 8 a.m. or after 9 p.m., unless you agree, or at work if you tell the debt collector your employer disapproves  More...
  • 6. Basics about Payday Loans and other check cashing services Views: 25
    Terms of Use: Friendly looking people proclaiming the benefits. Smiling representatives, extending a hand. The ads for payday loans and check cashing services are appealing and perhaps you've been tempted to check them out. What is a payday loan? Payday loans are usually small, short-term, high-rate loans intended to get you cash before payday. The idea is that once you receive your paycheck, you'll pay off the loan. These loans may also be called cash advance loans, check advance loans or p  More...
  • 7. Basics about bankruptcy Views: 23
    Terms of Use: When the amount of debt you have seems impossible to ever repay, one of the options you may consider is filing bankruptcy. This option, of course, should never be entered into lightly. Be sure that you have researched the pros and cons, and that you have considered alternatives to taking this drastic step. Discharging your Debts Having your debts erased is called getting a discharge of your debts. A discharge is actually a court order that proclaims that you do not have to pa  More...
  • 8. Basics about debt Views: 23
    Terms of Use: High debt and misuse of credit cards make it tough to save for retirement. Money that goes to pay interest, late fees, and old bills is money that could earn money for retirement and other goals. How much debt is too much debt? Debt isn't necessarily bad, but too much debt is. Add up what you pay monthly in car loans, student loans, credit card and charge card loans, personal loans - everything but your mortgage. Divide that total by the money you bring home each month. The result   More...
  • 9. How do I repair my credit? Views: 22
    Terms of Use If you want to repair your credit, begin by paying off old debts and correcting any issues on your credit report. Perhaps you've been tempted by the credit repair advertisements you've seen that promise to fix your credit report. The fact of the matter is that there is nothing you can't do yourself (free!) that a credit repair clinic can legally do (for a fee!) to fix your credit report. To request a free copy of your credit report, check out the related link below  More...
  • 10. Is interest on auto loans, credit cards and other consumer debt deductible? Views: 22
    Terms of Use: Unless you are borrowing to finance a business expenditure — like a car used in your sole-proprietorship business — you can generally forget about any tax breaks. This is why it's often advisable to take out a home-equity loan and use the money to pay off credit card balances and car loans. You may be able to convert high nondeductible interest charges into relatively low interest charges that are fully deductible. If so, this procedure is an excellent debt management approach.
All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.


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