Term: Credit Card Debt
15 found

A Roadmap to Better Credit Scores

By Steven Shaw on 2/5/2014

Reason Codes: The Roadmap to Better Credit Scores 

I’m often asked about the best ways to improve a consumer’s credit scores. Is it by paying bills on time or is it better to pay off credit card debt? Or, is it by avoiding any new, unnecessary credit?  The answer, of course, is that all of those factors are important to achieving and maintaining a good credit score.  But, apart from the basics, how to improve a credit score is going to vary from consumer to consumer. There is no single universal path from your current credit score to a high credit score because few consumers’ credit reports are identical. There is, however, a tool that will best identify your path: the reason code.

Better Credit
Credit Card Debt
credit score
credit scores
FICO
FICO credit score
VantageScore credit score

The Ultimate Guide to Debt Collection

By Steven Shaw on 1/13/2014

debt collection 

Your first reaction when hearing from a bill collector may be panic or avoidance, or perhaps a combination. But those reactions won’t help the situation and could make it a worse.

Most collectors are just doing their jobs, and some of them are so good at dealing with consumers that they get love letters from their clients! But even if you don’t get a warm and fuzzy feeling when you are talking with a collector, you don’t have to deal with abusive behavior. There are laws that protect you against that.

Here we have assembled some of our best advice from years of answering consumers’ questions about collection accounts.

Credit Card Debt
Credit Card Debt Consolidation
Debt
debt collection
debt collector
Fair Debt Collection Practices Act
get out of debt

Too Much Holiday Debt? Don’t Make It Worse

By Steven Shaw on 1/4/2014

Too Much Holiday Debt? Don't Make It Worse

As a credit card user, your main prerogative is to steer clear of racking up high debt (especially on a high-interest card). However, if you’ve tangled yourself in a messy debt situation, there are options to simplifying what you owe, as well as how much interest you’ll accrue. By opening a low-interest balance transfer credit card, you can get a break on your debt payments.

Credit Card
Credit Card Debt
Credit Card Utilization
pay off credit cards

5 People Who Paid Off Massive Debt

By Steven Shaw on 1/3/2014

5 People Who Paid Off Massive Debt

Digging out of deep debt can seem like an insurmountable task, and for some people it is. More than a million American households filed for bankruptcy last year in an effort to put their debt behind them.

But bankruptcy court isn’t the only way consumers shed debt. These five people have paid off very large amounts of debt using just about every strategy in the book. Here’s how they did it.

managing debt
Credit Card Debt
Debt
debt collection
debt collector
Debt Utilization Ratio
debt vs savings
Debt-Free
Debt-to-Income Ratio
get out of debt
managing debt
non-mortgage debt
stay out of debt
student debt
What Your Debt is Really Costing

4 Tools That Can Help You Get Out of Credit Card Debt

By Steven Shaw on 11/1/2013

Tools That Can Help You Get Out Of Credit Card Debt

If you are having trouble paying off credit card debt, you need help. Paying off a large balance can be one of the most difficult challenges in personal finance, but there are some resources and strategies that can help you. Here are a few of the tools out there that make the task of paying off your debt a little easier.

managing debt
Pay Off Debts
Balance Transfer Credit Cards
Credit Card Debt
Credit Card Repayment Calculators
Debt
Debt-Free
get out of debt
Interest-Free Financing Offers
Low-Interest Credit Cards

Everything You Need to Know About Credit on a Post-It

By Steven Shaw on 9/25/2013

Credit.com's Credit Post It

Credit can be confusing. People looking for answers to even their most basic credit questions often face long explanations. So we thought we would make it easier, and wrote the five most important credit rules each of us should follow — on a Post-it note:

check credit
credit
Credit Card Debt

Women Flexing their Financial Muscles

By Steven Shaw on 8/30/2013

The age-old battle of the sexes certainly holds its own stereotypes: men are action-oriented, women crave deep discussion; he tends to score higher on math tests, while she excels at language-based tasks. But when it comes to money and credit management should men still be the de-facto household CFO as in the past? Perhaps not, according to new research from Experian, which suggests that old stereotypes that applaud men as good money managers may no longer hold their weight.

Experian’s Great Credit Divide Gender Trends Study revealed female superiority in money management, with women leading men in credit health and debt management despite lower average salaries.

How do we stack up against one another? Read on to find out.

credit score
managing debt
Pay Off Debts
Credit Card Debt
Debt
Debt Utilization Ratio

Credit Rage! What’s Your Beef?

By Steven Shaw on 7/25/2013

credit rage

Let’s face it. Credit makes lots of people angry. Credit cards, credit reports, credit scores and lending in general can be a confusing business. That confusion turns into concern, then exasperation, which can morph into rage. It’s completely understandable.

credit
Credit Card Debt
credit cards
FICO

My Kid’s in Credit Card Debt! What Do I Do?

By Steven Shaw on 7/23/2013

kids in credit card debt

If you trust your son or daughter to keep track of their finances, and they slipped up, what in the world are you supposed to do? Let’s say they rack up a big, nasty credit card debt — to the tune of thousands of dollars. Should you pay off their debts to help keep their credit score above water? Or is it better to let them learn from their mistakes and suffer the consequences? Though each individual situation is different, here are your options, what’s at stake, and a few pointers to help you plot your course of action.

Credit Card Debt

Should You Use Credit or Debit When Shopping Online?

By Steven Shaw on 7/15/2013

Should You Use Credit or Debit When Shopping Online?

There’s nothing wrong with shopping online — it’s fast, easy and convenient — but it’s also important to make sure you know and trust the online companies you’re frequenting.

We recently received this question from a reader on how to cyber-shop safely:

Credit Card Debt
credit cards
Debit
Debit Card
Shopping Online
Tips for Safer Shopping Online