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Authors
Curtis Arnold, Editor-in-Chief
Joe Taylor Jr., Reporter
Amber Stubbs, Managing Editor
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Average RatingAnswer By Joe Taylor Jr. : It sounds like you're considering the "nuclear option" for managing your credit card debt. In a word, don't. It's tempting to bury your head in the sand and hope that your money troubles go away. However, there's no telling how a particular bank will react to your situation. The best thing you can do if you [...] Read More
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Average RatingAnswer By Joe Taylor Jr. : If you've racked up some significant credit card balances, your neighborhood bank or credit union might offer a personal loan to help you pay down your debt more quickly. It's a good deal if you can meet all three of these conditions: You can get an unsecured personal loan with fees and finance charges far less [...] Read More
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Average RatingAnswer By Joe Taylor Jr. : Communication's the key to surviving a bout with unbearable credit card payments, especially if you're unable to earn the money you need to clear your debt. It's crucial to express the difference between being unwilling to pay and unable to pay your monthly bill. Without income from a job, you won't qualify for a balance transfer [...] Read More
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Average RatingAnswer By Joe Taylor Jr. : First off, there are no "debtors' prisons" in the United States. We abolished that rule in the early 1800s. Defaulting on credit card debt is purely a civil matter, and your grandmother won't go to jail for that alone. Yet, in many parts of the country, some third-party debt collection agencies have become very aggressive about [...] Read More
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Average RatingAnswer By Joe Taylor Jr. : Q: I have eight credit cards to pay, with a total amount of $13,000. I pay eight separate bills each month, and I pay only minimum payments. How can I make only one payment each month? A: First, a wake-up call. With eight active credit cards on your report, few banks will entertain a balance transfer [...] Read More
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Average RatingAnswer By Joe Taylor Jr. : Q: I have two credit cards that are almost maxed out. I recently got approved for a new one with a $2,000 limit and 0 APR through next August. Should I use my new credit card to pay off my old ones that have a higher interest rate? What would that do to my credit [...] Read More
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Average RatingAnswer By Geoff Williams : If you're asking because a loved one of yours passed away, or is extremely ill, I'm very sorry to hear that, and doubly sorry if your loved one's credit card debts are causing you undue stress. But the good news is that most likely your cardholder's estate is liable for the balance and not you, [...] Read More
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Average RatingAnswer By Joe Taylor Jr. : $69 a month is a lot to pay just to get a love letter from the bank every few weeks. That could be a nice dinner out, or a few extra hours of overtime you don't have to work. If you qualify for one of today's best balance transfer offers, it could also mean clearing [...] Read More
