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Credit Card Debt

Average Credit Card Debt Can Create Monster Interest, One Month at a Time

NerdWallet | Posted 03.17.2017 | Business

by Ben Luthi If you're part of an average indebted household in the U.S., you're on the hook for $15,762 in credit card debt, according to a NerdWal...

The Shocking Great Credit Card Lie -- REVEALED

Jeanne Kelly | Posted 03.10.2017 | Business
Jeanne Kelly

In the world of credit and credit cards, there's a vicious lie going around that too many people believe, and they don't realize it but it's HURTING their financial health and could someday prevent them from owning a house or car, or even holding a job.

Tackling Credit Card Debt

Aryea Aranoff | Posted 02.19.2017 | Technology
Aryea Aranoff

The average American household has $15,000 in credit card debt alone. Credit card debt has much higher interest rates than mortgages or student loans. Fortunately, there are two major weapons to attack your credit card debt and repair your financial standing.

Sean Talks Credit: Why You Should Stop Calling Credit Card Debt 'Bad Debt'

NerdWallet | Posted 02.16.2017 | Business

Credit card debt isn't bad. It's not good, either. It's just borrowed money. The ultimate value of any borrowed money depends on how much it helps you versus how much it costs, not what form it takes.

5 Credit Cards to Help You Pay Off Your Holiday Balances | Posted 01.20.2017 | Business

By Jocelyn Baird, It's easy to go overboard during the holidays, especially when it comes to buying gifts and making travel-related p...

It's Time to Get Healthy... Healthy Credit, That Is!

Jeanne Kelly | Posted 01.28.2017 | Business
Jeanne Kelly

It's the start of the year, and with the new year come New Year's resolutions. We often use New Year's Resolutions to help us focus on getting healt...

Balance Transfer Credit Cards: Should I Pay Off a 0% Card Fast?

NerdWallet | Posted 01.20.2017 | Business

In general, it's a good rule of thumb to pay off the debt that carries the highest interest rate. The higher the rate, the more it's costing you over time.

When Should You Pay a Balance Transfer Fee?

NerdWallet | Posted 01.14.2017 | Business

When you're whittling away at credit card debt, a high interest rate can make it seem like the balance barely budges from month to month. Balance transfer credit cards offer a solution, but not all of these cards are the same.

5 Ways Of Dealing With Holiday Debt

MoneyTips | Posted 01.11.2017 | Business

MoneyTips Santa was not so kind to your friends and relatives this year, so you felt the need to fill the gap. You overspent on holiday gifts, and n...

eCredable Offers Incredible Opportunity for Credit Invisible

Jeanne Kelly | Posted 01.09.2017 | Business
Jeanne Kelly

For those that are one of the 45 million adults without a credit file or that don't have enough credit history to be scored using traditional scoring models I have some great news to report today!

Why You Shouldn't Feel Ashamed of Your Credit Card Debt

NerdWallet | Posted 12.22.2016 | Business

From a young age, I knew what a burden credit card debt could be. For a time, while my dad was in grad school, my parents supported our family on scho...

4 Ways to Have a Credit-Happy Holiday

Jeanne Kelly | Posted 12.18.2016 | Business
Jeanne Kelly

Use all of your credit cards. Yes, even pull out that dusty credit card you rarely use and make sure you use it at a store. The regular use of credit cards is one step in a larger effort toward building and maintaining healthy credit scores.

4 Disturbing Credit Card Stats

MoneyTips | Posted 12.14.2016 | Business

Credit cards offer an easy way to tide you over until your next paycheck comes, but that easy money comes at a hefty price. Interest rates vary anywhe...

Five Tips to Shred Your Credit Card Debt in 2016

CompareCards | Posted 12.11.2016 | Education

With the New Year right around the corner, many have begun planning their New Year's resolutions. If you're like many Americans, one of those resoluti...

6 Tips for Boosting Your Credit Score in 2016

CompareCards | Posted 12.08.2016 | Education

Paying monthly bills is a necessary chore that has a definite effect on your credit score. According to the FICO scoring model, your payments account for as much as 35 percent of your total score. Create reminders for due dates or establish a calendar for yourself to ensure you get everything paid on time.

5 Great Ways to Save During the Holidays

Dave Austin | Posted 11.20.2016 | Business
Dave Austin

It's the holiday season, and for many of us that means spending season. Whether it's on holiday gifts or traveling to spend time with family, the costs can begin to add up quickly. Finding ways to save can help reduce the impact on our wallets.

Holiday Survival Checklist

Jeanne Kelly | Posted 11.18.2016 | Business
Jeanne Kelly

The holiday shopping season is upon us (earlier than ever, of course!) and for those of us mindful of our credit and finances it can be a tricky and d...

Black Friday Deals

Mitch Rosenzweig | Posted 11.17.2016 | GPS for the Soul
Mitch Rosenzweig

Ahhh, Black Friday. It almost sounds like a day of mourning, not the first day of the Christmas season. Even though I just moved here, the retailers a...

The First Thing You Should Do With Your Paycheck After Getting a Raise

GOBankingRates | Posted 11.11.2016 | Business

By Alaina Tweddale, Contributor The average worker can expect about a 3 percent pay raise in 2015, according to a 2014/2015 compensation planning s...

Manage Holiday Credit Card Debt With 0% APR -- and a Budget

NerdWallet | Posted 11.10.2016 | Money

Credit card debt is like a holiday fruitcake: It can last for a surprisingly long time, and usually you're better off without it. Even so, many peopl...

What You Can Learn From Marco Rubio's Credit Card Mistakes

NerdWallet | Posted 11.10.2016 | Business

Presidential candidate U.S. Sen. Marco Rubio has found himself at the center of a political storm, but his voting record and policy positions aren't d...

Visualizing the Cost of Credit Card Interest

Robert Harrow | Posted 11.04.2016 | Business
Robert Harrow

One of the biggest problems with the language surrounding credit cards is the obscurity and disconnect around credit card APR. Looking through different card offers, you'll generally see credit card APR vary from 10% to 20% -- ValuePenguin research indicates the average sits at around 17.5%.

When Making a Balance Transfer, Look for 0 Percent APR First

NerdWallet | Posted 10.27.2016 | Business

For many a new balance transfer credit card is the most cost-effective way to pay down debt. In some cases, getting a balance transfer credit card and moving a debt over may even improve your credit slightly.

Before Adding Your Child to Credit Card, Set Limits

NerdWallet | Posted 10.13.2016 | Business

This is the first installment of a semi-monthly Q&A on credit and credit cards by Sean McQuay, credit cards expert at NerdWallet, a personal finance website. McQuay will answer readers' questions about credit card terms, credit scoring, credit card rewards and consumer debt.

Are You Troubled by the 'Bills You Gotta Pay'?

Jeanne Kelly | Posted 08.28.2016 | Money
Jeanne Kelly

By simply following the plan, one day at a time, then one month at a time, your positive financial changes will take you further from your mistakes. And that's how your credit score will improve, as will your peace of mind. So where do you start?