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Converting 8.9% Variable Credit Card to 3.4% Variable Equity is Bad Deal. George

“Dear Steve, I have $22K in credit card debt(on one card) with an 8.99% variable rate. Minimum payment is about $450/month. I have recently began to pay more than the minimum(last month i paid $1000) since I would love to pay this off or at least bring it down so my minimum payment isnt so …

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Judy Is Worried “Should I Save or Pay Off Credit Card?”

Judy “Dear Steve, Should I save the amount after paying off a credit card debt or pay down another. Help please. Judy” Dear Judy, You asked a great question and one that seems easy but has different valid and possible answers. If you are digging yourself out of a debt hole the initial knee jerk …

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Should I Payoff Part of My Debt With My Mutual Fund. – JJ

“Dear Steve, I owe $30,000 in credit card debt on two cards. One card there is 9.99% rate, the other is interest free until Dec. ’10 (after that the rate states 9.99% but is subject to change) I can make the minimum payments but not much else right now until my balances decrease. I have …

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I Am Totally Helpless When it Comes to Understanding my Credit Report – Janet

“Dear Steve, I am totally helpless when it comes to understanding my credit report, and making a choice as to what to start paying back first. What do i need to do to get things straight? Janet” Dear Janet, The good news is that dealing with your credit report and developing a repayment plan can …

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Anne Has $25,000 of Credit Card Debt And Making Just Minimum Payments But She Wants to Get Out of Debt

“Dear Steve, I am in credit card debt for $25k. I am making the minimum payments on each card, but it’s killing me. Should I focus on paying more on one card at a time and ignore the others? And then continue on the next card and so on? Or should I just continue to …

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Which Debt Should I Pay Off First, Credit Card or Personal Loan? – Sean

Sean “Dear Steve, I’m a 20 year old college student around $2000 in debt, with two credit cards and one personal loan. What should I pay off first? The credit card with the highest balance or the one with the higher interest rate, or the loan. What effects my credit score the most? Sean” Dear …

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I Just Finished a Divorce and Want to Dissolve My Debt. – Janet

“Dear Steve, I am currently in debt, $40,000. I just finished a divorce, had to buy a home and furnish it for my children and myself. Now I want to disolve all of my credit card bills with one monehtly payment. Because I have too much revolving credit I keep getting rejected. I do not …

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