Is a Credit Card a Right or a Privilege? - Personal Finance Bloggers Question of The Week
This weeks personal finance brain trust question was:
Is having and using a credit card a right or a privilege?
WC - A 27-year-old writer living in Chicago and writing about personal finance through The Writer’s Coin.
This one’s easy: this is a service. So if I had to pick I would say it’s a privilege.
When I was [...]
Bob Was Injured And Is Now Behind On His Credit Cards
Bob wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
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Your Credit Card Company Is Waking Up After A Bender
Have you ever raised your hurting head the morning after the night before after a little to much fun and alcohol? You know, when you’ve got a bad hangover and possibly regret some of what happened the night before.
It’s much the same thing that is going on at credit card companies right now. Now that [...]
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Keith Writes in And Wants To Know “Should I Consider Debt Consolidation For a Fee?”
Keith wrote to me through the GetOutOfDebt.org site and asked me the following question. You can write me too!
“I have $30,000 in credit card debt plus $160,000 in home loans and business loans. Should I consider debt consolidation from a company that charges me a fee each month?”
Keith,
Excellent question and my answer may surprise you, [...]
Daniel Writes In - “How Can I Get Out of Credit Card Debt?”
Daniel says, “I’ve been buried in credit card debt and it feels like I make payments each month and instead of things going down, things go up. My interest rates recently went up even though I have not missed a payment or paid late. Another one of my MasterCard’s just lowered my limit a lot. [...]
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