If the only thing that matters to you when paying off debt is saving dollars and cents, the payment strategy that clearly makes the most financial sense is paying off your balance with the highest interest rate first. So try this method out and start watching your balances shrink!
Start out by doubling your monthly payments on the card with the highest APR while continuing to make the...
This Week's Credit Tip
Recent Credit Tips
-
May 19, 2009 | How Does Identity Theft Protection Work?
As identity theft numbers reach record levels, more people are turning to identity protection services to help safeguard their financial reputation. You've heard the commercials on the airways, seen the ads on TV, and likely know at... -
May 18, 2009 | Build Credit with Secured Credit Cards
For consumers with damaged credit or no credit history at all, secured credit cards are one of the most popular ways to obtain credit and start improving your credit score today. Your chances of getting approved for a secured credit card are... -
May 10, 2009 | Is a Prepaid Debit Card Right For You?
Prepaid debit cards have become increasingly popular as credit markets tighten and consumers search for alternative ways to manage their budgets. While prepaid debit cards provide all the flexibility of paying with plastic, there are some... -
May 03, 2009 | ABCs of Credit: What is Credit?
Nothing down, 24 monthly payments! Low, low 2.9% APR! We may not hear those words as much as we did in the past; however, we still live in world where we are constantly urged to buy things using credit. But what is credit, and how does it really work?... -
May 03, 2009 | Can Social Security Benefits Be Garnished?
Unless you owe Uncle Sam taxes or are behind on alimony or child support payments, your social security benefits cannot be garnished. So, if you've recently lost your job and are worried about your social security payments falling... -
Apr 26, 2009 | I Paid My Tax Lien - Why is it Still on My Credit Report?
The IRS has 30 days, according to its own rules, to release a tax lien once you pay or settle the debt. However, in reality this is something that is often overlooked. Unaware consumers may go for years... -
Apr 19, 2009 | Collection Accounts Linger for 7 Years
It's a common misconception among consumers that paying off a collection account will make it disappear from their credit report. However, the truth is a collection remains on your credit report for seven years from the date the account went... -
Apr 12, 2009 | Should I Pay My Taxes With Plastic?
Tax week is here again! And in a last-ditch effort to boost future e-payment numbers, the IRS recently announced that some taxpayers will now be allowed to deduct the convenience fees card companies charge to process electronic tax payments. The IRS... -
Apr 08, 2009 | Top 5 Ways to Spring Clean Your Credit
Spring is meant to be a time of renewal and rejuvenation. For many people, this might include cleaning out the old attic or scrubbing the entire house from floor to ceiling. There's just something about a warm Spring day that should make us... -
Apr 05, 2009 | Avoid Credit Card Late Fees: Pay More Often!
The average credit card late fee hovers around $40, which is triple what it was just a decade ago. And it's not just the 40 bucks that will hurt you each time you miss a payment deadline. Punitive increases in interest rates and...
- ‹ previous
- 25 of 31
- next ›
Weekly Credit Tips
Our weekly credit tips keep you up-to-date on the latest credit cards advice and news. Whether it's timely tips related to credit, debunking old myths or giving you a heads up on one of the best new credit cards on the market, our weekly tips are quick and easy to follow.
Check out our archive of weekly credit tips if you can't find the answer you're looking for, or post your own thread in our Credit Talk Forum to hear from our expert administrators, plus junior and senior members with real answers.
Finally, for even more expert credit tips and news, visit the Creditnet blog for the latest in credit advice.
Stay Connected
