Higher Minimum Credit Card Payments Offer Fast Track Out of Debt
Posted On: August 7, 2009
In a recent column for the NY Times, Freakonomics authors Stephen Dubner and Steven Levitt explained the genius behind the concept of low credit card minimum payments. When studied by academics, test subjects who selected their own minimum payments often paid far more than monthly bank statements required. For many years, credit card issuers have [...]
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StumbleUponThe Responsible Choice Plan: A “Win-Win” for Lenders and Borrowers with Excessive Credit Card Debt
Posted On: May 29, 2008
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Debunking Myths about Credit Scores- Go Ahead, Pay Off that Credit Card!
Posted On: May 14, 2008
By Amber Stubbs, CardRatings.com Reporter
Lurking among many other credit related myths is the belief that paying off credit cards may cause your credit score to decline. I continue to hear this and other related credit scoring myths from consumers that I interact with on a daily basis. In reality, when you pay off credit [...]
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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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How to Reduce Monthly Credit Card Payments
Posted On: February 10, 2006
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Posted: Wed Oct 27, 2004 7:43 pm
Post subject: How to Reduce Monthly Credit Card Payments
Tim Johnson
Date: 12/31/2000 8:55 pm CDT
Does anyone have information on how I can reduce my monthly payments for my credit cards? I am roughly $11,000 in debt right now w/two credit cards: Bank of America, and the other, First Hawaiian Bank [...]
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Loan to Pay off Credit Card
Posted On: February 8, 2006
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Posted: Wed Oct 27, 2004 6:23 pm
Post subject: Loan to Pay off Credit Card
Anne Adams
Date: 1/12/2001 7:53 am CDT
My DH has just been put on the disabled unemployed list and we are also raising a disabled, adopted GS. We have a MBNA credit card we have been trying to payoff for [...]
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Paying off Credit Cards to Save Money
Posted On: December 20, 2005
Author: ET
Posted: Sat Jun 12, 2004 9:25 pm
Post subject: Paying off Credit Cards to Save Money
10/24/2002 6:23 am CDT
I had been planning to slam credit cards with high payments by pumping nearly all my wages into it. But then I thought about it and decided it would be better to SAVE to have a [...]
