Credit cards aren’t always the best option when it comes to making purchases. The reason being is that it can put you in a heap of debt. For this reason, you should never pay your household bills with a credit card. If you don’t pay the full price each month, the price of interest can [&...

If you’re thinking about canceling old and unused credit accounts, that could be a great idea. Especially the ones that are still charging you fees. But, before you just up and close your accounts, there are a few “don’ts” to consider. For instance… You don’t want to cancel the oldest ac...

In some cases it can be a great idea to cancel old and unused credit accounts. Especially the ones that are still charging you fees. But, before you just up and close your accounts, there are a few “dos” to consider. For instance… You should close the card that you aren’t using that is costi...

There’s a rumor floating around that you need to carry over a balance from month to month on your cards in order to build credit. That’s not true. If you want to build credit, you should aim to pay your credit card bill on time. The danger of carrying a balance month to month means […]...

Debt snowballing is a strategy used to pay off debts faster. If you’ve never heard of it, here’s how it works… You start off by paying small debts as quickly as possible. Focus your extra money on the smallest balance you owe. That way if you’re paying on 7 accounts every month, but ...

When you’ve accumulated debt across many credit cards and other debts, the repay strategy can feel a little daunting. You may feel like you’ll never get out from under debt. Even though it may feel a little hopeless at the time, with the right strategy in place you can actually conquer your ...