Savvy consumers also avoid other bad habits, such as using credit to close budget gaps, leaving a monthly balance to accrue interest, and using one credit card to pay for another. They know their credit limit, they can pay strategically during the grace period, and they know how to avoid fines — and what those
Many people recovering from debt or considering entering into an Individual Voluntary Arrangement (IVA) are, understandably, concerned about how they will recover financially. It can be a worrying time, but in the right circumstances, using an IVA to clear debt can be the beginning of a journey to financial freedom. An IVA is a legal
This is how you can find ways to eliminate or reduce the burden of carrying too much debt. Remember that it’s never good to let your debt eat up all your resources. When most people think of a financial hardship they think about a person with a lot of unsecured debt. It doesn’t have to
The question of how to increase networth has plagued some people throughout the years. There are so many different answers for this query and there is a myriad of reasons why you might be wondering how to improve your net worth. To put it simply, if you don’t know how to raise your net worth,
When it comes to solving your credit card debt problems, an unsecured loan, while a different financial product than a traditional credit card, can still provide a viable solution for beating credit card debt: Paying off the lowest balance is not enough. If only the interest rate on the credit card is paid, the debt
If you are a consumer of credit cards and are looking for a way to reduce the amount you owe, then you may want to consider avalanche debt reduction. Credit card companies are notorious for charging you excessive fees, and not paying you what you are owed. This can lead to a loss of a
If you are one of those millions of American citizens that have accumulated large amounts of credit card debt, then perhaps the advice to beat the college debt trap is more than just a little bit of advice. In fact, if you are truly interested in making a real change in your financial situation, then