What should you know about the business practices of credit card companies? How do credit card companies change credit card limits? What reasons do credit card companies give for changing credit card limits? How can you protect yourself when using a credit card? Learn more here about credit cards and your personal finance.
Prioritizing Credit Card Debt Payments
When you have debt on a lot of different cards, and the interest rate is different, you always should first pay off the non-deductible debt (debt other than a mortgage or home equity loan) that carries the highest interest rate. When all interest rates are the same, you should then look to which cards carry the highest percentage of your available credit.
Selling Investment Property To Pay Off Credit Card Debt
Is it a good idea to sell investment property to pay off credit card debt? For this homeowner, selling her investment property might not be the best way to pay off her credit cards. A home equity loan on the investment property might be a better solution.
Paying Bills While On Vacation
Looking forward to a good vacation is one of the great pleasures of life but unfortunately you still need to pay your bills while you are gone. That’s easier than you might think. Manage your personal finances away from home with online banking and automatic bill pay. Simply keep track of when your payments are due and set up the automatic payments ahead of time.
Credit Card Company Wants Authorized User To Repay Debt
A credit card company wants an authorized user of a credit card to pay back the balance on a deceased person's credit card. Authorized users are generally not responsible for credit card debt. When a primary credit card holder passes away, the estate must repay the credit card debt. Learn what an authorized user can do in a situation where a credit card company tries to collect the credit card debt.
Credit Card Debt: Are You Responsible For A Deceased Parent’s?
You are not responsible for a deceased parent's credit card debt unless you are listed as an owner of the card. You are not responsible for the credit card debt if you are just an authorized user. The person's estate becomes responsible for credit card debt in the event of death.
Paying Off Car Loan After Bankruptcy
How is it best to pay off an auto loan after bankruptcy? This car owner wants to use his mother's credit card offer to pay off his pre-bankruptcy, high-interest auto loan. Before using the offer to pay off the auto loan, he should take a look at his finances and understand what led him to bankruptcy in the first place.
Foreign Student Leaving Behind Credit Card Debt
A foreign student studying in the U.S. considers leaving the country without paying their credit card debt. Doing so will destroy the student's credit history and credit score. To maintain his credit, the student must pay his debts.
Save Cash Or Pay Off Debt?
Student loans and credit card debt are haunting a couple. Should they put their cash in savings or pay off their debt? With volatile credit card interest rates, it's always a good idea to get that debt paid down quickly and find out where you can save money elsewhere.
Student Loans And Credit Card Debt: Reduce It And Start Saving
Finding a way to reduce student loans and credit card debt while still saving money can be like walking a tightrope. Sometimes in order to save money and reduce student loans and credit card debt, you may have to take on a part-time job to generate extra income. Don't do just one or the other; instead try to reduce student loans and credit card debt each month, while also putting some money away in savings.
Stored Value Cards
A stored value card, also known as a prepaid debit card, looks like a regular credit card. But instead of acting like a credit card, a stored value card acts like a debit card attached to a checking account -- except there is no checking account. Instead, you put cash on the card in a variety of ways.