Bringing Debts into a Marriage
Are you a credit card junkie? Credit card debt can often be a big, deep, dark secret for someone preparing for marriage. It’s an uncomfortable subject to talk about. Do you bring it up before or after he slips the engagement ring on your finger...
Consolidate Credit Card Debt
Do you have credit card debt? Are you struggling with debt from several credit cards like Mastercard, Visa and others? Have you ever crossed your mind to consolidate credit card debt? It is very easy to jump on the debt carousel and when you first...
Debt Consolidation and Online Debt Consolidation
Online debt consolidation information is available through many Internet sources that specialize in assisting many American households in managing or eliminating their outstanding debt. The debt load of the typical American household is upwards of...
Knocking Down the Debts with Credit Repair
If you take a hard look at your situation and analyze your debts
carefully, you might just find a solution to knocking down the
debts. Debts are bills we owe to creditors, someone or source
that has extended us a line of credit believing that we...
Small Business Tax Deduction - Write-Off Bad Debts
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn't have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can...
Credit Card Debt
If you can't sleep at night because of credit card debt worries,
you're not alone. Many people get in over their heads charging
things they think they can't live without.
You don't need to cut up all of your credit cards. Save your
major bank cards, but stop charging needless temptations on
them. You need a couple of major bank credit cards to maintain
or build strong credit scores.
The credit cards you should cut up, department store credit
cards, cost you too much in interest. Plus, these types of
credit cards lower your credit scores. When mortgage lenders
compute your credit worthiness for real estate financing, they
deduct points for unfavorable department store credit lines.
Here are a few things you shouldn't charge on your credit cards:
1. Gasoline. Why charge something that gets burned up before you
pay for it? Think about how much per gallon you pay when you pay
interest.
2. Food. Many people use their credit cards to purchase
groceries that they pay for over the next year or longer. Also,
because it's so easy to pay with plastic, they buy extravagant
and unneeded items. What's more important--junk food or a good
night's sleep?
3.
Clothes. Think before you buy clothes on credit. Don't charge
clothes on your credit cards unless you can pay them off right
away. Children's clothes wear out or they outgrow them before
you've paid off the credit card debt.
4. Utilities. Because it's so easy to pay utilities with an
automatic credit card charge, many people end up paying for
their air conditioning when they're heating their homes. Put
your automatic utility payments on your debit card instead.
5. Automatic services. Examine your next credit card statement.
Total up items like cable or satellite TV, Internet services, an
other automatic monthly charges. Can you pay these charges off
each month or are you getting behind?
Make your life easier. Stop charging consumables and monitor
your credit card debt. You'll improve your credit scores and
sleep well.
Jeanette Fisher teaches how to get out from under credit card
debt, how to use credit to make money, and six ways to build
strong credit to finance your first home and multiple investment
properties. For a free ebook "Credit Tips for Mortgage
Financing," see http://worryfreecredit.com/