Getting out of debt can be a tricky proposition. There are a number of programs that purport to help work through your debt issues, but you need to be careful. While some can provide needed assistance, others are little more than scams. One of the distinctions you should make when deciding what debt plan to go with is that between debt management and debt settlement. It is important to note that your mortgage obligation is usually not included in these types of arrangements.>>> [Read More]
Category Archives: Credit and Debt
Why Closing a Credit Card Account Can Affect Your Credit Score
When people pay off debt, many of them rush to close credit card accounts. Indeed, the process can be quite therapeutic. You pay off a credit card, and, to celebrate your freedom from the chains of the debt (and being on the wrong side of compound interest), you cut up the card and cancel the account.>>> [Read More]
No Interest for 12 Months? Watch Out: It’s Deferred
One of the most tempting deals is the “No interest for X months!” deal. Whether you get a pass on interest for three months, six months 12 months or even 18 months, it seems like a great deal. You can get what you want now, on credit, but without all the messiness that comes with paying interest.>>> [Read More]
Does Your Credit Card Cover Rental Car Damage?
It’s been a few years since I’ve actually used a rental car. But the last time I did use a rental car, I paid the extra $15 a day the company was charging for insurance to cover the car if it was damaged. I’ve never damaged a rental car, but I figure that the one time I don’t get insurance, something unexpected will happen. So I’ve always paid for insurance on a rental car. Until now. Next time I rent a car, I am going to save money on my trip by declining the rental company’s insurance.>>> [Read More]
