Using your income tax refund to pay off or pay down credit card debt can have longer-term financial benefits than simply reducing what you owe. It may benefit you the most to pay down the balance on a credit card with a high interest rate. Paying credit card debt can reduce your credit...
The last thing you want is to be caught off guard during tax season, so it's important to understand how credit card debt relief affects your taxes. That way, you can ensure you're prepared and able to navigate any potential liabilities. By factoring the potential tax implications, outlined...
Similar to the snowball approach, thedebt avalanche methodstarts with listing your debts. But instead of paying off your credit card with the lowest balance first, you pay off the card with the highest interest rate. It can be a faster, and cheaper, method than the snowball method. Automate...
Even if your tax refund isn't enough to completely write off your credit card debt, you can still make a sizable payment and enter the fast lane to earning agood credit score. This may help you qualify you for abalance transfer credit card, to which you can transfer your remaining debt ...
Credit card debt is expensive, and having too much of it can hurt your credit score. Credit cards have high interest rates, so any balance left at the end of the month can grow quickly. To reduce your credit card debt, try to pay off your balance as much as you can at the ...
Credit card debt is expensive, and having too much of it can hurt your credit score. Credit cards have high interest rates, so any balance left at the end of the month can grow quickly. To reduce your credit card debt, pay off as much of your balance as you can at the end of each...
This year there is an especially important move I want you to make. If you have unpaid credit card bills that charge you interest, I want you to seriously consider using your tax refund to pay it down, because credit card debt is getting out of control a
For those grappling with mounting credit card debt, acredit card debt settlementprogram can seem like an attractive lifeline. With this type of program, a debt settlement companynegotiates with your creditorsto allow you to pay off your debts for less than the full amount owed. While settling...
Step 1: Face credit card debt head-on Knowledge is power. You need to understand the true reality of your credit card debt so you can develop a plan to clear it. Here’s how: Gather the monthly statements from all your credit cards. Write down the interest rate, payment due date, mis...
If you have credit card debt and are looking to save on interest, the Citi Simplicity® Card is one of the best options for intro APR balance transfer offers. Standout rewards: The Citi Simplicity Card doesn't provide any rewards, but its intro-APR period for balance transfers is exceptio...