How a New Innovative Savings Program can Help You Pay Down Your Credit Card Debt
Posted On: June 1, 2009
By Mike Killian, CardRatings.com< Reporter
Editor’s Note: This article is part of a popular Q & A format series in which we interview experts and industry professionals that have made significant contributions to the credit card industry and/or to promoting financial literacy.
Have you ever wondered why it’s so hard to make extra payments (beyond the [...]
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StumbleUponThe Truth About Credit Card Debt Settlement (Part 3)
Posted On: April 21, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the third of a three-part series about debt settlement.
Taxes and Settlement
The IRS classifies forgiven debt as income. (That’s true even if the settled amount included interest or penalty fees.) If you owe $10,000 and settle for $6,000, the difference is considered to be taxable income. This [...]
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The Truth About Credit Card Debt Settlement (Part 2)
Posted On: April 16, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the second of a three-part series about debt settlement.
How is Settlement Different Than Credit Counseling?
Credit counseling and debt settlement are two completely different approaches. Most credit card companies work with credit counseling agencies. They will often encourage consumers who are having trouble paying their bills [...]
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The Truth About Credit Card Debt Settlement (Part 1)
Posted On: April 14, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the first of a three-part series about debt settlement.
As an increasing number of people struggle to pay their bills, debt settlement companies are thriving. You can find their ads promising to settle your debts for pennies on the dollar anywhere.
If you’re drowning in debt, those [...]
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Consolidating Your Credit Card Debt Tips
Posted On: September 30, 2006
Author: cjones
Posted: Mon Jun 07, 2004 3:24 pm
Post subject: refinancing mortgage
Hi, My husband and I are due to close on a loan to consolidate our first and second mortgage with a lower interest rate on 6/24/04. We just had a brain storm to role our credit card debt of approx. $8,000 into the loan [...]
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Getting Out Of Debt the Right Way
Posted On: March 30, 2006
Author: DarlingDee
Posted: Sun Oct 31, 2004 2:18 am
Post subject: Please help with my Credit Card Debt unpaid
I live in Texas, and I had a Citibank CC, always paid it on time and had it since the early 90’s, got in a bind and did not pay something else so my 10% interest on 7000 went [...]
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Trying to Build Credit
Posted On: March 19, 2005
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 12:26 am
Post subject: rating ‘rules’?
cardless
Date: 7/30/2000 12:24 am CDT
Here’s the deal: to get 6 months (interest free) credit on a store purchase, we had to get one of their credit cards. So, we now have a credit card with a balance, that [...]
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Should I consolidate my credit cards into one account?
Posted On: January 28, 2005
Author: milavant
Joined: 11 Nov 2003
Posts: 36
Posted: Thu Dec 02, 2004 3:55 pm
Post subject: Combining Cards
If you have an AMEX ($20,000 limit), Mastercard ($20,500 limit), and Visa ($14,500 limit), and want to combine the limits of the Visa and Mastercard into the Mastercard with a $40,000 limit (I never use the Visa), will this hurt your [...]
