a mama's tips and thoughts on how to pay off credit card debts » Debt

A Book On How to Pay Off Credit Card Debt

Sun, 07 Feb 2010 07:57:43 +0000

Who likes debts, really? But the reality is, many people are stuck with the problem on paying off credit card debt during challenging economic times. It’s about money management and perhaps over committing on purchases that exceed the income margin. When you are stuck in a situation like this, you might want to seek a financial counselling session to discuss about getting yourself out of debt.

In the meantime, you may want to grab a Credit Card Debt: book to gather some tips on how to cope during these challenging times.

Leave Home Without It…Membership has its privileges, but it also has a huge share of disadvantages. Without the proper know-how and guidance, you could find yourself buried beneath an avalanche of credit card debt. Millions of Americans are just like you and are currently attempting to pay off $450 billion to credit card companies. It’s in a credit card company’s best interest to keep you in debt-after all that’s how they make their real money. Even by fol… More >>

Part 2: How to classify bad debt credit cards

Tue, 14 Oct 2008 15:43:39 +0000

The other category of bad debt credit cards are nothing unusual, they are the same cards that we know of most commonly; the only difference is in the way you get them and the objective behind getting them. Here, we are talking about the credit cards that you use as a debt consolidation mechanism i.e. consolidating bad debt (as such any debt is bad). So we can call them bad debt credit cards too. These operate by transferring of the balance you owe on your current, high interest credit cards to these bad debt credit cards that have a lower APR (at least for some initial period). Hence, these bad debt credit cards help you in consolidating your debt and getting some relief from the higher APR that you were experiencing on your current card.

Some people accept both of the above categories of credit cards as bad debt credit cards while others tend to go with one or the other. So, what you regard as a bad debt credit card is really a matter of personal choice.