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
-
Jan 04, 2016 | Weekly Tip: Don’t let your credit cards collect dust.
If you have a lot of credit cards, or even just some you use more than others, it’s easy to forget about certain cards. They then end up collecting dust for years. And although you may have no trouble using other... -
Dec 28, 2015 | Weekly Tip: Pay back your student loans in a timely manner.
Do you have student loans? If you’re one of the many Americans who was forced to take out loans in order to afford the exorbitant price of college, you might want to consider paying back these loans in a... -
Dec 21, 2015 | Weekly Tip: Look out for key terms in credit card agreements
Can you say that you’ve honestly read your entire credit card agreement? With the number of pages and insanely tiny print, reading through the fine print seems awfully similar to reading the dictionary.... -
Aug 12, 2015 | Weekly Tip: Alternative Loan Tips for Millennials
As a result of the financial drawback, banks have tightened up their belts regarding how much they are willing to loan to new borrowers. Some will not lend money out at all to unknown borrowers without their first establishing a... -
Jul 05, 2015 | Weekly Tip: Be proactive about your credit card security.
Identity theft is a huge problem in today’s world. According to the Federal Trade Commission, 9 million Americans fall victim to identity theft every year. This is a huge number, and although not every... -
May 15, 2015 | Weekly Tip: Lower your debts.
Everyone has gone through moments in life when bills just add up to the point where there's not enough income to pay everything on time. For anyone that is struggling with money as of late, either due to recent unemployment or because expenses have simply spiked... -
Apr 03, 2015 | Weekly Tip: Buy local.
Locally owned companies frequently use suppliers and service providers in the area. All of the income is spent by local family members and employees. It's true that chain stores benefit the community as well, but more of their cash goes to distant suppliers, stockholders and... -
Mar 20, 2015 | Weekly Tip: Think about waiting before collecting Social Security benefits.
Although you may start collecting Social Security retirement benefits as early as age 62, you may not want to. Obviously if you really need to, it is important to start receiving... -
Feb 13, 2015 | Weekly Tip: Find out whether you are affected by the Obamacare Penalty.
Obamacare has been one of the central topics of Obama’s presidency. And now with the healthcare deadline approaching on February 15th, everyone is scrambling to apply and get covered... -
Dec 01, 2014 | Weekly Tip: Be careful of online scams on Cyber Monday.
Today is Cyber Monday, and that means lots of people will be buying online. And while there might be plenty of good deals, there are also a lot of online scams. So before you buy just anything, it is important to make...
- ‹ previous
- 4 of 31
- next ›
Weekly Credit Tips
Our weekly credit tips keep you up-to-date on the latest credit cards advice and news. Whether it's timely tips related to credit, debunking old myths or giving you a heads up on one of the best new credit cards on the market, our weekly tips are quick and easy to follow.
Check out our archive of weekly credit tips if you can't find the answer you're looking for, or post your own thread in our Credit Talk Forum to hear from our expert administrators, plus junior and senior members with real answers.
Finally, for even more expert credit tips and news, visit the Creditnet blog for the latest in credit advice.
Stay Connected
