Home Tags Credit Card Debt

Tag: Credit Card Debt

Financial expert Ramit Sethi says everyone with debt should know their payoff date.

A financial expert and bestselling author asks anyone with debt the same first question

Financial expert Ramit Sethi says a person who knows their debt payoff date, whether it's credit-card debt or student loans, clearly has a plan.
Paying off your credit card is a quick way to get your credit in shape.

Paying off your credit card can quickly improve your credit score, but it has another benefit that might feel even more important

Carrying a high credit-card balance hurts your credit score, and paying that balance is an easy way to boost your score — plus save money in the long term.
Most millennials define financial success as being debt-free.

Most millennials and Gen Z define financial success the same way — and it has nothing to do with being rich

Only 19% of millennials define financial success as being rich, according to Merrill Lynch Wealth Management — most define it as being debt-free.
A balance transfer card is a credit card that offers an introductory period of 0% APR on balance transfers.

How to use a balance transfer card to pay off your credit card debt, in 5 steps

A balance transfer card offers 0% APR on balance transfers for nine to 21 months, so you can transfer debt and pay it down without interest.
Holly Johnson.

I have 26 credit cards. Here’s the best advice I can give you on staying out of credit-card debt.

I have 26 credit cards for myself and my business, and I use a four-step strategy to make sure credit-card debt is never an issue.
Sometimes, you have to pay off debt before saving for retirement.

A financial planner says for people with credit-card debt, the first step toward saving for retirement is clear

Save for retirement or pay off credit-card debt? If you have high-interest debt, a financial planner says, pay that first, then save for retirement.
It's worth calling to ask.

Most people never think to try a stunningly simple way to cut down credit-card debt

Most people don't know you can call your credit-card issuer to ask for a reduced interest rate, according to a CompareCards.com survey.
Financial planners love the debt snowball and debt avalanche methods to get out of credit-card debt.

We asked financial planners for the best strategy to tackle credit-card debt, and there are 2 clear favorites

The best way to get out of credit-card debt is either the debt snowball or the debt avalanche, according to financial planners.
Download Tally now and start managing your debt in a smarter way.

An app called Tally wants to help you manage your credit card debt and make it easier to save money

If you have a collection of credit cards for the benefits, but are concerned with the burden of managing multiple cards, you're not alone, and Tally can help.
Former Federal Reserve Chairman Ben Bernanke cracks open his wallet for Late Show host Stephen Colbert.

The Fed just marched ahead with an interest-rate hike — here’s what the increase means for your wallet

The Federal Reserve's interest-rate hike will push up interest rates for credit cards and other types of loans as banks raise the prime lending rate.