Published On April 7th, 2008

Credit cards are one of the most pervasive forms of your financial picture. On a daily basis, they provide the flexibility and freedom to reserve a hotel room, travel without carrying cash, and purchase just about anything at anytime.

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Published On April 2nd, 2008

What is the true cost of debt? Does it go beyond the interest we pay on the debt? Does debt rob us of a brighter future? Besides the obvious interest we pay on debt, what is the true cost of debt on our ourselves and our families?

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Published On March 24th, 2008

In this post I am going to cover a topic which has seldom been spoken about on other personal finance & debt related sites/blogs: The Concept of Credit Positioning. For those of you who are already in a deep debt situation or behind on payments, this strategy will not be of help, but for those looking to stay out of financial trouble this may be one of the most important topics you think about.

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Published On March 11th, 2008

Most Americans have between 5 and 10 credit cards. Some even carry up to 50. But how many is too many? The important thing to understand is that it is not the amount of credit cards you have, but instead how much you spend and how much you can afford to pay off each month

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Published On March 2nd, 2008

I was watching Warren Buffet- Billionare Next Door on CNBC and he had two pieces of advice for young people. 1. Stay away from Credit Cards 2. Invest in yourself – To earn more money, through education, course, self improvement, etc.

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Published On March 2nd, 2008

Experian, the credit reporting agency, released a study last week that showed that subprime consumers (Experian credit score under 620) are more likely to be 30 days late on their mortgage payments than their credit card payments.

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Published On March 2nd, 2008

Most would answer “very safe” because the card is right there with you, either tucked securely in a wallet or locked in the safe. But beware…it might not be as protected as you think. There’s a scam lurking about hotels, and it’s not coming from hotel employees–it’s from people outside the hotel altogether.

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Published On March 2nd, 2008

I was reading a recent news article on Yahoo! Finance (http://news.yahoo.com/s/nm/20071028/us_nm/usa_creditcards_debt_dc) about how mortgage borrowers are using credit cards to get cash so they can make their mortgage payments, and in turn delay the default on their homes.

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Published On March 2nd, 2008

Originally Posted on December 27, 2007

The gist of the situation is that many American consumers are now leaving their credit card payment obligations behind to take care of more pressing ones, such as their rising mortgage payments, increasing fuel costs and other financial hardships. I have written about this subject in the past and it is a natural progression of the entire credit crunch/crisis happening right now in the US economy. Stories…
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Published On March 2nd, 2008

I speak with some people on a daily basis who refuse to believe that the credit card companies have the ability to raise their rates whenever they want.  When you see articles like the one from USA Today I have posted below, it is really hard to deny.  Now, more than ever in the past, if you have credit cards you do not pay off in full every month, you need someone to help you melt down your debt and take control of your finances.

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