credit card

We have all heard the credit commercial with the tag line “what’s in your wallet?”  A better question is: how many credit cards are in your wallet (or purse)?  If you are carrying a balance on more than one credit cards each month, you have too many credit cards.  That’s the answer to the question [...]

You can’t build a house without a set of blueprints; you can’t go on a long trip without a map, and you can’t eliminate credit card debt without a plan.
Your plan starts with setting financial goals.  Why do you want to eliminate credit card debt?  How quickly do you want to do it?  Next comes [...]

This may seem obvious, but always pay your credit card balance on time; don’t pay late.  If your payment is due on the 15th of the month, be sure it’s paid on the 14th or the 15th.  If you make your payment on the 16th, you get hit with many extra charges, including:

extra interest
a late [...]

Credit card companies make a lot of money.  How?  Obviously they charge a high rate of interest, but they also charge various fees that may not be obvious.  Did you know that most credit cards will charge an extra fee if you exceed your credit limit?  It’s true.
Most people assume that they won’t be able [...]