Credit cards are very interesting, in the sense that you can use them in a certain way and never have problems with debt. They're just a convenience. Many people use them for decades without an issue. On the other hand, they very often contribute to bankruptcy. It's...
Settling your credit cards can do more harm than good
At first glance, credit card settlement may seem like an incredible opportunity. If you have $10,000 or more spread out across three different cards, paying a fraction of what you owe to each of those companies can seem too good to be true. The reason that those debt...
Balance transfers are not a solution for credit card debt
When your credit card balances start to get high, they can be a source of stress. You may worry about your ability to pay the minimum amount due each month and have to pay over-limit fees on top of interest. It may be even more stressful to have a high balance if you...
Simple steps to help you get out of credit card debt
Used wisely, a credit card can be helpful. However, if you are not careful, a credit card can be a very expensive way to borrow, especially when you are taking longer to pay off what you owe if you are falling behind on the balance. You might have had a genuine reason...
Why buying things with credit cards costs you more
Needing to wait until you get paid to make a purchase can be a frustrating experience. It can also be embarrassing if you don't have money to go out with co-workers or commit to a project for another week. Credit cards help consumers by freeing up resources and...
Should you consolidate your credit card debt?
Credit card debt can cause considerable stress – not to mention financial issues -- as it builds on itself and eats up your cash. Credit card companies often charge high interest rates, and there are usually high fees if a payment is late or missed. There are ways to...
Studies show that people spend more on credit cards than with cash
The big argument for credit cards is that you should simply use them like cash. In other words, you should only charge as much as you would spend with cash anyway, and then you’ll be able to afford it. In fact, when done right, this can be beneficial. If your credit...
These things could help reduce or avoid credit card debt
Credit cards can be very useful tools. These days, managing and balancing credit card debt can be a tall task. However, despite the stereotypes surrounding credit cards, getting into overwhelming credit card debt with them is not inevitable. Here’s how Florida...
A few ways to avoid high credit card debt
Although credit cards are convenient ways to make purchases, the balances can quickly spiral out of control. These days, thousands of Florida residents find themselves overwhelmed with massive amounts of credit card debt. Here are a few ways consumers can avoid high...
Online shopping can lead to massive credit card debt
Just a few years ago when Florida residents wanted to go shopping, they ventured out to malls, boutiques, department stores and other shops. These days, an individual can shop for basically anything right from the comfort of his or her own home. Online shopping is...
