It is estimated that more than 40% of Americans carry a revolving balance on at least one credit card. This is an enormous number, and it is caused primarily by the security people feel in making minimum monthly payments. When you charge money to your credit card, you are only required to make a small [...]
In the past, credit card payments have always been fair, a small percentage of the total balance owed. A new change has recently been proposed by the government that may change this. The monthly credit card payments that people are making may double within the next year. This will make things much harder for people [...]
My bank turned my credit card over to FIA Card Services, I was paid up in February 2008 and had an excellent credit score. In March they raised my APR to 30% and my minimum payment due which was $760.00. Today, it is still 30% but now my minimum payment now is $1,156.00. I am [...]
If you are having a hard time with credit card payments, you may need to seek help. If you are no longer able to make your minimum payments on your credit cards, you will need to get help to avoid having debt in collections or receiving judgments on your debt.Part of the problem with making [...]
I have a credit card that is over my credit limit but is still “open” or I have a card that is below the limit but has been closed by the creditor.
What is the best card to pay off first, asuming that the interest rates are the same. I’m leaning towards the open account that [...]
