From the category archives:

credit card

Credit Cards: Cut Them Up

by Moneyproblems TipsTue Jun 01, 2010 credit card

It’s great to have a plan and pay off one of your credit cards.  Once you do that: cut it up!
There is no point in paying off a credit card, and then have it sit there, empty, to tempt you.  You may just return to your bad habits and rack it up again.  Avoid the [...]

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Find a better credit card

by Moneyproblems TipsMon Apr 19, 2010 Financial Tune Up

Do you have the best credit card for you?  Today’s tip: Find a better credit card – look for a lower rate or better rewards card.  Start by talking to your bank about lowering your rate.  You may be surprised; if you have good credit, your bank may be willing to lower your interest rate.  [...]

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How to get credit after bankruptcy

by Moneyproblems TipsFri Mar 12, 2010 Credit Reports

Many people assume they cannot obtain new credit for seven years after filing for bankruptcy in Canada. The truth is – if you want credit after bankruptcy you can rebuild your credit. The bankruptcy notation will appear on your credit report for at least six years after you are discharged,  but that does not mean [...]

Tagged as: credit repair, secured credit card

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How to Deal With Overwhelming Credit Card Debts

by Moneyproblems TipsFri Feb 19, 2010 Debt Consolidation Loan

This week we have discussed the truth about credit card costs, and how to pay off your credit cards.  But what can you do if you are carrying an overwhelming amount of credit card debt?
You probably didn’t expect to have this much debt, but perhaps you got sick, or lost your job and had to [...]

Tagged as: bankruptcy, consumer proposal, credit card

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The Best Credit Card Has a Zero Balance: How To Pay Them Off

by Moneyproblems TipsThu Feb 18, 2010 credit card

We are all tempted by low introductory interest rates on credit cards, but the interest rate is irrelevant if you don’t carry a balance on your credit cards.  A zero balance is the best balance, so here’s how to pay off your credit cards:
First, set your financial goals and write them down.  Your goal might [...]

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Negotiate to Lower Your Credit Card Interest Rate

by Moneyproblems TipsWed Feb 17, 2010 consumer proposal

If you have good credit, and if you are paying a high interest rate on your credit card, try this:  Call up your credit card company and say:
I just got an offer in the mail from another credit card company.  I like your card and I don’t really want to switch, but I’m paying 19% [...]

Tagged as: consumer propsoal, credit card

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Beware of Low Introductory Rates on Credit Cards

by Moneyproblems TipsTue Feb 16, 2010 credit card

It sounds like a great deal, and it comes at the perfect time.  You are behind on some bills, and in the mail you receive a letter promising a low introductory rate if you apply for a new credit card.  It sounds like a great deal.
Here’s the truth: low introductory credit card rates are not [...]

Tagged as: credit card, low introductory rate

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The Truth About Credit Card Costs

by Moneyproblems TipsMon Feb 15, 2010 consumer proposal

Here’s the truth about credit card costs: if you don’t pay your balance in full each month, you could pay twice as much for the product you bought than if you had paid cash.
If your credit card is charging you 20% interest, and your buy a $1,000 item, and if you only pay the interest [...]

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Lower Your Credit Card Interest Rate

by Moneyproblems TipsFri Feb 12, 2010 Money Saving Tips

Two days ago we discussed the need to be careful with credit cards because of their high interest rates.  In most cases your best option is to pay off your credit cards so that you are not carrying a balance.  But what if you can’t pay them in full?
The next best option is to lower [...]

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Credit Card Companies May Not Be Evil, But Be Careful

by Douglas HoyesWed Feb 10, 2010 Money Saving Tips

It is now common practice for credit card companies to raise interest rates at the first sign of trouble.  They were eager to increase your limit when times were good, but during a recession, even with low market interest rates, they do not hesitate to raise your interest rate if they sense that you may [...]

Tagged as: consumer proposal, credit card

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