Credit card debt is something we all know about and hope it never happens to us, but the reality is that it’s affecting an increasing number of Australians. Initially, cardholders get a monthly statement with a minimum payment due and pay what is a reasonable amount, and it all seems […]
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Guidelines to Get Rid of Credit Card Debt
The level of consumer financial debt has never been greater than in this economy. If you end up struggling to pay your credit card debt and hardly handling to cover your lowest expenses each 30 days, then you need tell on the type of financial debt options that are […]
How to Eliminate Credit Card Debt in 5 Easy Steps
Why is it so difficult to eliminate credit card debt? The causes of credit card debts are varied, but usually have their origin in the following factors listed below in the article. – With a credit card, you have almost no knowledge of indebtedness. – The credit card is for […]
Take Control of your Debt by Understanding your Credit Card Statement
Your credit card statement is something you need to go through carefully if you own a credit card. It is not similar to any other bill that you receive at home. The statement is a summary of all the transactions you have made, outstanding amount, reward points earned/redeemed, etc. However, […]
How Credit Card Statement Reminds You Are in Debt
The credit card companies are making smart money since long. They have a little odd way of showing that they want customers to be debt free. They will always try that their customers make use of more and more of their credit limit and they can make huge profit on […]
Understanding Credit Card Balance Transfer Introductory Periods
In the labyrinth of credit card offerings, one particular feature stands out for its potential to alleviate the burden of high-interest debt: the balance transfer introductory period. Often overlooked amidst the myriad of credit card perks and benefits, these introductory periods hold the promise of financial relief for those seeking […]
Making a Plan to Pay Off Debt
While paying off large sums, beginning to save money, and achieving your financial objectives might seem impossible without the proper repayment plan, it is doable. Having a solid understanding of your finances and creating attainable payback goals are both attainable goals of a debt eradication plan. Even if paying off […]
Pros and Cons of Using Credit Card During the Pandemic
The unexpected arrival of Covid-19 has had a significant impact on the Indian economy. It has led to job-cuts, high pay cuts, and disruption in businesses processes. The effect of pandemic also extended to the personal financial health of families and individuals. For people who faced a severe economic crisis […]
Fixed Deposit Vs. Debt Funds – Which One Is Better?
Mutual funds that are invested in different types of fixed income instruments are called debt funds. These instruments can be government bonds, corporate bonds, treasury bills, and so on. Since these are not as volatile as equity mutual funds, they are indeed suitable for short term investments. FD has been […]
What Can Credit Counseling Agencies Offer People in Debt?
Many people don’t know what services are even available to them when they work with a credit counselor. With the high number of people struggling with debt, credit counseling fills a great need. These are typically non-profit organizations that work with consumers to help them understand their debt and formulate […]
Debt Consolidation vs. Debt Relief
What’s Better Debt Consolidation or Debt Relief? If you have high credit card balances and any type of high-interest secured or unsecured debt, a debt consolidation agency can assist you by consolidating all accounts into one low-interest loan. You can even include your car loan in debt consolidation. On the […]
How to Negotiate a Better Credit Card Rate
One of the most important features of your credit card is the interest rate—the percentage of your existing balance that you’ll pay in interest per year (though usually compounded more frequently). This rate plays a major role in determining how quickly you can pay off your debts, and how much […]