If the only thing that matters to you when paying off debt is saving dollars and cents, the payment strategy that clearly makes the most financial sense is paying off your balance with the highest interest rate first. So try this method out and start watching your balances shrink!
Start out by doubling your monthly payments on the card with the highest APR while continuing to make the...
This Week's Credit Tip
Recent Credit Tips
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Jun 02, 2011 | Should You Add an Authorized User?
Are you thinking about adding an authorized user to one of your credit cards? If so, here are a few things to keep in mind before pulling the trigger. Make sure you choose the person you add very carefully. While an authorized user can make... -
May 26, 2011 | Keep Your Bluetooth Secure
You're probably lugging around a lot of Bluetooth-enabled devices these days. And while it may be hard to leave home without them, smartphones, laptops, netbooks, iPads and Bluetooth headsets have unfortunately made us all sitting ducks for identity theft. Those... -
May 19, 2011 | Make Good Use of Your Tax Refund
The average American taxpayer received around a $3,000 check from Uncle Sam this year. If you're still sitting on your cash trying to decide how to spend it, here's what you should do: 1.) Pay Down Debt: This is always the first option. Want to earn... -
May 11, 2011 | Good Credit Saves Big Money
Everyone loves finding new ways to save money. Some people obsess over cutting the little things from their daily routine, like lunches out with friends and $4 lattes. And while there's nothing wrong with frugality, the truth is a lot of people tend to overlook... -
May 05, 2011 | Get Your Free Federal Tax Receipt
There's a good chance your largest expense in 2010 was the taxes you paid to Uncle Sam. But do you know exactly where your money went? Probably not. ThirdWay, a think-tank based in Washington D.C., believes that everyone who files a tax return should have... -
Apr 26, 2011 | Top 5 Credit Tips for Recent College Grads
You took your last exam, donned the cap and gown and have finally embarked on a new and exciting phase in your adult life. What will you need to know that you probably weren't taught in college? There's a good chance you missed out on... -
Apr 26, 2011 | Balance Transfers: Don't Miss Your Window of Opportunity
If you recently applied for a no interest credit card and plan to use it to initiate a balance transfer, don't sit on your laurels for too long once the new card arrives in the mail. You certainly don't want to miss... -
Apr 11, 2011 | What is a 1099-C?
If you went through a foreclosure, sold your home short, or had credit card debt forgiven in 2010, then you probably received a 1099-C in the mail early this year. Hopefully you didn't ignore it and shove it in the back of your desk, because this is a form that could cause some... -
Mar 29, 2011 | Say No to Credit Card Protection Plans
Recent studies show that credit card protection plans, often advertised as a way to guard against unexpected events such as unemployment or illness, are not only expensive but also provide little in return. According to the Government... -
Mar 21, 2011 | Could Your Credit Report Cost You a Job?
According to a survey released in 2010 by the Society for Human Resource Management, 60 percent of employers perform some type of credit report screening on applicants. Of that 60 percent, 13 percent perform credit checks on all job...
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