One Way to Zap Credit Card Debt? Open Another Credit Card
It can seem completely counterintuitive, right?
If credit cards are what got you into debt in the first place, why on earth would you go and apply for another one as you’re trying to tackle that debt? You could risk making things even worse.
That certainly could happen. But if you have a plan — and if you strategically apply for the right kind of new credit card — it can actually be one of the…
Saranga Daniya Success Credit Goes To Sai Pallavi: Shekar Master
Sizzling actress Sai Pallavi is one of the most sought after actors in Tollywood. Before stepping into movies, Sai Pallavi used to be a dancer in the reality show Dhee, which airs on Wednesday every week at 9:30 PM on ETV. Sai Pallavi and Shekhar Master have met on the sets of Dhee show. Who wouldn’t encourage people who have rare or amazing talent? Sai Pallavi is one among them and she is…
This bank tripled negative interest-rate deposits — and expects that business to improve
The Bank of Ireland stated on Monday t……Read the rest by clicking the link below!
The Department for Work and Pensions is to run trials on a new “integrated” assessment service, putting sick and disabled benefit claimants under the same conditions as Universal Credit claimants.
What a disaster for people with long-term illnesses and disabilities.
Universal Credit is known to be harmful to its claimants. The five-week wait before anything is paid puts most people into debt and…
These are the 20 worst-performing S&P 500 stocks of 2020 — analysts see double-digit rebounds for five of them in 2021
During the stock market’s March plunge……Read the rest by clicking the link below!
My brother owes $10K to our late father’s estate. There’s no loan agreement and I’m executor. How should I approach repayment?
My father passed and I am the executor of his will.
We sold the house and dad’s assets with my brother’s help. Probate is done. We are ready to distribute the remainder of my father’s estate, but my brother owes the estate $10,000.
He feels that if he had paid this money back before dad passed, he would still get half back and, therefore, owes $5,000. (Dad also told me that he owed…
Citigroup Can Be Fixed. Why Its Stock Is a Buy.
Citigroup Can Be Fixed. Why Its Stock Is a Buy.
Is broken – but the American banking giant finally finds the woman to fix it.
When Jane Fraser becomes CEO of Citigroup on March 1, he will find himself in the lowest and lowest positions together in finance. Fraser, 53, will be the first woman to head a US-based large bank. Shattering the glass roof of wall street. But he will also take…
'Improved economic environment to boost FY21 credit growth’
Improved economic environment in 2HFY21 and the Centre’s focus on higher spending especially on infrastructure will give a boost to FY21 credit growth, India Ratings and Research (Ind-Ra) said.
UNITED STATES—I know I’m not the only one who has their mailbox or that little drawer in the house or table that is overcome with mail, more specifically junk mail. We all get junk mail on a daily basis, a lot of the time it is a the direct result of creditors sending your information to other agencies where you receive at least 10 or more letters in the mail noting you are pre-qualified for a credit card. I have 3 major credit cards, and 2 department store cards.
I was just out purchasing some electronics the other week and the retailer asked me if I wanted sign up for their card. I easily declined. Here is the thing about credit: it can be a good thing and it can be a bad thing people. My credit was established in college. Don’t even ask me how I got my first credit card, I really can’t remember. I just recall signing up for something and I had my first piece of plastic as I call it. The difference between me and most of my college pals, I actually had a job and I worked. Mommy and daddy were not paying my bills. So I had an edge in the responsibility department. My credit continued to grow over the years, and I had a firm rule: my credit card was for ME, not for others!
You might say why is that important? Trust me it is very important because if you start using your credit card for others you will find yourself getting into debt a lot faster than you expected and then it becomes very hard to get out of that debt at the same time America. That happened to me and I had to learn the hard way. You agree to make a purchase for someone who happens to be a blood relative who agrees to pay you back, but it ends up taking them over a year to pay you back. By that time the purchase you made has accumulated a ton of interest and you are stuck paying it off.
I say it time and time again, a credit card is money you DO NOT HAVE! It is money that is being loaned to you. You have to pay that money back America, even if you don’t want to. You can file bankruptcy, but that will hurt your credit score and credit report over a period of time, rather you believe it or not, it actually does. With that said, you have to think of your credit card as a bargaining chip.
If you’re in a tight bunch, it allows you a few ways out. At the same time, you have to be cognizant of what you can afford to pay each month and what you WANT to pay each month. The balance is one thing, the interest is another. The interest on some credit cards can be so high no matter what you do, it feels like you can never and I mean never get ahead. Now who in the world wants to struggle with that mayhem?
I have come to realize that cash is best. Yes, you heard me CASH, not debit. The problem with debit is it’s just like credit; the only difference is the money comes immediately out of your checking account and for most people they don’t keep track of their debit purchases. That can be dangerous because you’ll spend, spend, spend, and before you know it, all your money is gone and you have no idea where it went. I would argue 2-3 credit cards is sufficient. You have your one card that is for absolute emergencies, where you are in a major pinch and you need assistance, that other card can be used for daily or weekly transactions, but remember, don’t overdo it.
So many people forget those small purchases add up over a period of time. So if you can use cash instead of plastic than do so. If you think having 10-15 cards, if not more (yes, I’ve seen it), think again. That means you have 10 or more credit card payments you have to issue EACH MONTH from your income that does not factor in your rent/mortgage, car note, insurance, electricity, gas, water, internet, phone and other bills which might be necessities for you.
That money you’re paying on credit card bills could be going to your monthly expenses or towards your savings for retirement. At the end of the day, just because someone is offering you a credit card doesn’t mean you have to have it, especially retailers. Why do you ask? If you have a major credit card, it is likely accepted at most establishments, so what is the reasoning for that department store card? Oh, you can have 30 percent on your purchase today. Sounds promising, but that is a one and done thing people, most companies are not GIVING that you to on a consistent basis, and not to mention the interest rate on those cards are so high it is not even funny people, not in the least.
Build Business Credit and See Your Business Grow
Planning and putting up an owned business is hard. It is a dream of millions of people around the globe. There are a lot of people who set up their own businesses but never quite get around to it. This can be due to one of the factors that can discourage these people from launching their own venture off the ground, which is the lack of capital. There are also others that fear the risk of losing…
Business Credit Cards and How They Benefit Your Business
Business credit cards nowadays provide many regular people opportunities to start their own companies by allowing them to borrow the funds that they may need, while separating business expenses from that of personal charges. What a lot of business owners don’t realize, however, is that the advantage of having a business credit card does not simply end in having an outlet for loans. It actually…
Bitcoin may replace bonds, Cathie Wood says
Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said Thursday.
“You think about the traditional 60/40 stock-bond portfolio, but look what’s happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What’s next? We think crypto could be the…