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...
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Sep 20, 2008 | Beware of High-Tech Identity Theft Tactics
For the eighth year in a row, identity theft led the way in 2007 as "the number one consumer complaint category". The Federal Trade Commission's list of Top Consumer Fraud Complaints also reported that the most common form of identity... -
Sep 20, 2008 | What Should I Look For On My Credit Report?
If you already have excellent credit and sparingly apply for new credit, checking your credit reports once a year might be sufficient. However, if you are in the process of rebuilding your credit or preparing to make a large... -
Sep 13, 2008 | Credit Talk Forum Helps Users Navigate the Credit World
Are you ready to take matters into your own hands and improve your credit? If so, congratulations for having the courage to do something about your credit problems. Many people choose to avoid the issue in... -
Sep 06, 2008 | Want a Lower Credit-Card Rate? Just Ask for It
Existing credit card customers are of great value to credit issuers, and that will never change. In fact, some analysts estimate it costs credit card companies more than $200 to acquire a new customer. Therefore, once they... -
Aug 30, 2008 | Beware of Voter Registration ID Theft Scam
Identity theft scammers never grow tired of finding new ways to deceive the unknowing into divulging personal information over the phone. In fact, the Federal Trade Commission recently reported that identity theft scammers are hard... -
Aug 23, 2008 | Worried About Missing Your Next Credit Card Payment?
Credit card delinquencies are soaring in 2008 as consumers continue to struggle with the subprime loan crisis, higher energy prices, and a sputtering U.S. economy. In fact, some experts estimate a quarter of... -
Aug 18, 2008 | The Payment Allocation Provision - A Credit Card Company's Best Friend
It makes logical sense that consumers should have the power to choose how their payments apply to credit card debt. Of course, some must go towards paying interest charges if a... -
Aug 09, 2008 | "Same As Cash" Offers Hurt Credit Scores
Even though you really want that new high-def plasma TV with the booming home theater system, $5,000 smackers might sound a bit too rich for your pocketbook at the moment. So why not use a "same as cash" offer to postpone paying... -
Aug 02, 2008 | 'Piggybacking' Lives On
Piggybacking, a technique that allows consumers with good credit to boost other's credit scores by adding them as an authorized user, will live on. If you haven't heard the term before, it's not a new thing. Parents have used the technique for many years to... -
Jul 17, 2008 | What's the Universal Default Clause?
Hidden deep in the small print of your credit card terms and conditions, you may find the dreaded policy known as the "Universal Default Clause". This clause gives credit card companies the ability to increase your interest rate to the maximum...
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