Posts Tagged ‘debt solutions’

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.

Finding Current Debt Solutions Online

When people search online, they usually view the first websites they see in the search results as the most important and when people surf online the majority use Google.  Google has a reputation of providing the most relevant results and they have made many changes to get timely information listed where people can see it.

However, I found an article on Google the other day (on Credit Card Debt) that was completely outdated.  The article was ranked in the top 5 of the search results. As far as I could tell it was written sometime in 2004 as the article mentioned the current year as 2004.  The article gave credit card debt statistics that were already outdated by the time the article was written.  Seems Google still has some work to do.

How to use pre paid cards

Pre paid cards are funded from using money from your checking or saving accounts, i.e. you have to deposit money into the account before you can use the card.  Consequently, these cards do not report to the major credit bureaus and, generally speaking, there is no impact on your credit history. 

If you have ever been turned down for a credit card then you may want to consider using a pre paid card, (or secured card). These cards can be used in place of credit cards for things such as making hotel, airline reservations etc. 

Debt Solutions – which are best for getting out of debt while maintaining your credit?

 

Some debt solutions are better than others and some affect your credit more than others. So which is best?  Use the following to help you decide. 

 Get your 3 scores for free

DIY

 You will not necessarily get lower interest rates on existing balances unless you do the negotiations yourself.  You can save money by paying more than the minimum monthly payment and lower interest rates if you are successful in your negotiations. 

On time payments will help your credit score and will make getting new credit and/or lower rates on loans easier. Very positive.