Paying Off Your High Interest Credit Card Debt Takes a Real Plan

I have always been a good manager of credit. A big part of that was learning from my mom and pop about spending within my income, but another part of that was that back when I was a kid, credit cards were not the way people paid for what they bought. Today it’s a totally different world and using your credit card is not only popular, it’s almost a requirement and the result is credit card debt.

Hand holding credit card, ready to get out of credit card debt

While Visa and MasterCard didn’t even exist until the 1960s and 1970s, everyone today seems to have one, two, or even more of them, and uses them constantly. That has led to massive overuse and huge debt run up for many people.

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How 10 Productive Minutes Can Change Your World

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Sometimes you need to just stop your work and take a deep breath. Like when you have a problem that’s pretty serious. It could be a job problem or it could be a family problem. It could be a money problem or a health problem, or any combination of these that are causing you to just stress out and feel like nothing is going right. That’s why taking a deep breath and taking even just a few minutes out can really help boost your productivity. How about taking ten minutes?

Ten minutes isn't much time, but by spending them wisely, you can leverage them into a more productive day. Try some of these ideas to jumpstart your life.

Ten minutes isn’t really a very long time. It’s less time than it takes to play a quarter in a pro football game. You can listen to 2½ songs on the radio in 10 minutes. It’s even less time than it takes you to read your daily e-mails. In other words, it’s just a few minutes, but oh how great it is to have such an opportunity to increase your productivity, save money, build relationships, and move forward in that brief time period. And most importantly, feel better!

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A New Year and a New Chance to Make Money with Credit Cards!

2020 has been quite the year, hasn’t it? If anything, money strategies and trying to “build” wealth haven’t been on the front burner for many. The idea of how to make money with credit cards hasn’t been on many people’s radars. In most cases, just getting by has meant being pretty successful with your money this year.

More than just convenient for making purchases, you can make money with credit cards. Check out my recommendations for the best deals.

But now we approach the new year, and there’s some light at the end of the tunnel. Hopefully, life will become more normal at some point in 2021 and that means we all can get back to making our financial decisions the way we used to make them and want to make them again.

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Your Credit Rating Is So Important Right Now!

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I had planned a new post today about the subject of credit. But I decided to change it. The global pandemic caused me to take a totally different look at the importance of credit right now, mainly because having good credit has become way more significant today than it was even just a few days ago. Why? COVID-19, the coronavirus, that’s why.

With the current pandemic and our economy at the brink of recession/depression, the importance of credit has never been as significant as it is right now.

They Say “Cash” Is King, But…

For almost forever, it seems credit and your credit rating have been at the center of the discussion when it comes to your finances. Long before I started writing about it myself, I knew that building up my credit would be important. Because one day I wanted to buy a house, a car, and lots of other “things” that I wanted and I would need my credit to help me purchase them. Despite the fact that at times, having credit can wind up getting you to overspend and landing you in trouble and big debt, if you use good common sense and control your impulses to spend, your good credit works for you.

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Credit Scores You Need for the Things You Want

Do you know what your credit score is? Most of the time, we don’t really talk to each other about our credit scores. Some don’t know what it is and some don’t want to know. There are excuses people make for not knowing their score, but frankly there really isn’t a good reason for that.

We all know that good credit is important, but do you know what credit scores you need to get the things you want? Here's what you need to know.

We do know that good credit scores matter and that the real importance of having good credit and a good score doesn’t come up until the day you really need that really important “something” and that’s when you wonder if your score is good enough to get you what you want. That will be the day you find out and then it’s way too late to do much worrying about it!

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Credit Cards Can Really Rock and Here’s Why!

One of the warnings that personal finance gurus often give is “be very careful with your use of credit cards”! I’ve said it myself and the reason why is that so many of us are just so damned cavalier when it comes to credit card spending. We lack self control, overuse our credit cards, fail to track our spending, buy impulsively, and either can’t or won’t be able to pay for that overspending. When all of that occurs, it causes a spiral into high interest payments, growing debt, damaged credit ratings, and eventually a possible financial disaster! Danger, Will Robinson, danger!

Credit cards offer lots of benefits if you know how to manage them, but credit card bonus offers may be the best benefit of all.

But, hold on a second, please. To be fair (and smart), credit cards are not evil in concept. In fact, credit cards can really rock and let me tell you exactly why!Continue reading“Credit Cards Can Really Rock and Here’s Why!”

Discover 5 Practical Credit Repair Tips

For today’s guest post on credit repair, please welcome CFA and fellow blogger Steven Millstein.

Putting good credit after bad is the best way to improve a credit rating over the long term. The fundamentals of putting good credit after bad include paying your bills on time and limiting the amount of credit that you rely on. However, there are other, lesser-known ways to practice effective credit repair. To help you build a stronger credit rating which makes it easier to access affordable credit when you need it, I would like to share 5 practical credit repair tips. Use one, a few or all of them in order to get the type of credit rating that lenders want to see!

If your credit has taken some dings, you need to work on restoring it. Here are 5 practical credit repair tips to get you started.

1. Dispute Negative Credit Report Entries

If you’ve been getting hassled by a collection agency and you think that the collection agency may have inaccurate information about your debt, you should take action. Under the stipulations of the Fair Debt Collection Practices Act (FDCPA), it’s your right to dispute a credit entry which is incorrect. In order to find out exactly why a collection agency is bothering you and harming your credit score, you should send the collection agency a letter. Ask the collection agency to provide you with proof that the debt is rightfully yours.Continue reading“Discover 5 Practical Credit Repair Tips”

How to Prevent Identity Theft with a Security Freeze

We live in a world of technology and while we can really benefit from that, there are some aspects to technology that can rain on your parade and really cause damage to you and your personal finances. That side of technology is most damaging when your information is hacked and your identity is stolen. Learning how to prevent identity theft will go a long way toward protecting you.

Technology adds convenience, but it is also subject to hacking. It's imperative that you learn how to prevent identity theft and protect yourself.

It seems that there are an awful lot of really smart people who use that intelligence for evil instead of good. All you need to do is just listen to the news and you’ll hear quite often of the hacking of accounts from mega-giants like Sony, the DNC, and lots of retailers like Target and Neiman Marcus. It even happened to me about a year ago when my online banking account was hacked and it caused a lot of anxiety and grief and tied my money up for weeks and weeks. I was fortunate that I didn’t suffer any permanent loss. So what can you really do about this threat?Continue reading“How to Prevent Identity Theft with a Security Freeze”