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...
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Nov 14, 2010 | 3 Credit Reporting Agencies You've Never Heard Of
Everybody knows about the "Big 3"—Experian, Equifax, and TransUnion. But did you know there are 3 other companies out there keeping track of your personal information and selling it to those who want to know more about you?... -
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If your goal is to improve your credit score, closing all your credit cards isn't going to help. However, there are various legitimate reasons for closing credit lines. For instance, if you already have credit problems and you know that... -
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Sep 26, 2010 | Understanding the Statute of Limitations on Debt
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Too many credit scores have been wrecked by something like an annoying $50 medical bill that falls through the insurance cracks and ends up on your credit report before you ever receive a bill. We all know it can happen to the...
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