David wrote me through the GetOutOfDebt.org site to ask his question below. You can too! “Dear Steve, I have about $20,000 in credit card debt. 4 cards that I’ve transferred balances to, each with a rate of 2.99 to 3.99% interest for life of the loan. Each monthly minimum is about $110.00. I have no … Read more
The Bush administration today rolled out a plan to help homeowners in trouble with their mortgages. While proclaiming big help the plan does not go anywhere near far enough to help those in the most trouble. Homeowners 90 or more days late in their mortgage payments, owe at least 90% of their home’s current value, … Read more
Bankrate.com did a story on Friday (sorry for not getting to this earlier) highlighting some of the same stuff that I’ve been pointing out here for weeks. More and more customers are experiencing credit-limit reductions and account closures. Over the course of the past few weeks, Bankrate.com readers have been chiming in with their own credit-card tales. Many of their stories will seem familiar.