Archive for the ‘Card Debt’ Category

One Cure for Card Debt – Make More Money

Make more money.  Sometimes that is “easier said than done” but there are some methods that could generate some extra cash to use on paying down card debt, if you are willing to put in the time.

Sell unwanted items.  You can sell items on eBay, craigslist or pennysaver.  Most people that buy on eBay or penneysaver are looking for bargains so you may not get the high prices you want.  Garage and yard sales can also give you some extra cash.

Take on extra projects at work. This generally works best if you are paid on an hourly basis or get paid for overtime.

Keep Card Debt Under Control – Avoid Late Fees

Your credit can be ruined if you are constantly missing payments or are paying your credit card bills late.  When you miss payments, fees and penalties add up fast. Card debt can get out of control fast to the point where you won’t be able to even pay the minimum  payment. 

To make sure this don’t happen to you, you should always pay your bill on time; always avoid missing a payment.  If you can’t pay the entire amont due you should always pay the minimum payment amount.  You may be able to pay more later.  When you have more money, you may be able to send in an additional payment later in the month.

Card Debt: Credit Card Trickery – Not a Halloween Matter

This year legislation was passed to ban certain billing practices by credit card companies.

Now they have created new ways to trick consumers.

According to The Wall Street Journal,  “ some of the biggest card issuers in the U.S., including Citigroup Inc. , J.P. Morgan Chase & Co.and Discover Financial Services , are already rolling out a slew of fees designed to recapture some of their lost income, in part by skirting the new rules. Some banks may even be violating the law outright, say consumer advocates.

You can read the complete story here http://finance.yahoo.com/banking-budgeting/article/110213/the-new-credit-card-tricks?mod=oneclick