3 Credit Card Math Mistakes That Are Costing You Money

Twenty years ago when Michael Riley first released his Credit Card Math tutorial, most people had no clue how interest on credit cards work. In fact, his revelations about how credit card interest and payment methods worked were considered so shocking that they ended up being featured in a national news program’s investigative report. Fast … Read more

Pay Off Debt A Growing Canadian and U.S. Concern

According to a HuffPo article, it seems our friends in Canada are beginning to worry a bit more about their personal debt levels. Data by Google shows the search term Pay Off Debt has been trending for Canadian searchers. From the looks of the chart though it is an on again, off again interest for … Read more

Which is the Best Debt to Pay Off First? – Taylor

“Dear Steve, I have some extra money this month and wanted to know which was the best way to go. Pay on the cards with the smallest balances or highest or is the better route the one with highest interest? Taylor” Dear Taylor, If you’ve come into some extra money I’d first suggest you save … Read more

Should I Pay My Debt Off in Full Or Do It Monthly? – Dave

“Dear Steve, I have $5000 credit card debt on one card with 11.9% APR. This debt has hovered around the 4500 to 5000 amount for about a year, as I have been paying off the minimum monthly payment each month, but have been hit with fees. My question is: I just received a $5000 bonus … Read more

Victory and Disappointment for the Debt World Today: Total Debt Falls While Harassment Complaints Rise

CNN Money’s recent article, “Debt collectors get nasty” showed some real insight into the current debt collection process in this country. They touched on information reported by the Federal Trade Commission, FTC, about the number of complaints of debt collector harassment issues on the rise. Apparently these debt collectors haven’t heard of a little thing … Read more

What is the Fastest Way to Get Out of Credit Card Debt? – Joseph

“Dear Steve, I have 4 credit cards with the total of $20000. What is the fastest way to get out of these credit card debt? Been paying the minium payment for a long time. even consulted with companies but not sure they are a good solution in terms of how it will effect my credit. … Read more

How Can We Easily Pay Off Our High Interest Rate Debt? – Dea

“Dear Steve, We have high interest rate credit cards totalling $60,000.00 that we need to pay off. We own a home. We think it would appraise for about $250,000 & we owe$198,000. We own two 2002 vehicles. We would like to get rid of the credit cards expect one a piece with a low limit. … Read more

We Received a Big Settlement Check and Want to Pay Off All Our Debts. – Rebecca

“Dear Steve, We have received money from a settlement that was won. The money is enough to pay off all our debts, with the exception of student loans. We are paying off all our credit cards and car loans. Between me and my husband, we have 12 open credit accounts and 2 car payments. We … Read more

Nobody Will Give Me a Debt Consolidation Loan to Pay Off My Debts. – Scott

Scott “Dear Steve, I make good income (130,000.00/yr) but have three kids and several credit cards from before my pay went up. we have approx 40,000 in debt and the payment are starting to get more difficult. We are still making all of our payments How can I consulidate all this debt to one payment … Read more