Posts tagged as:

interest rates

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Math Benefits Of Debt Settlement

April 13, 2010

Yesterday we examined why a popular debt settlement myth isn’t true in this post. Now let’s take the same example we looked at yesterday and take it a step further to explain the benefits of the debt settlement approach in easy to understand math. I know, you hated math in school. But for those of [...]

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Popular Debt Settlement Myth Exposed

April 12, 2010

If you are considering debt settlement to resolve your credit card debts, I strongly urge you to do your own research and be as informed as possible before deciding to move forward. Regular readers of the DIY Debt blog know how little I think of the majority of debt settlement companies out there and that [...]

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How To Reduce Your Interest Payments

March 12, 2010

With ever-increasing credit card rates and banks tightening their lending requirements, consumers are faced with less options when looking for a debt consolidation loan to reduce interest payments. But one new option called peer-to-peer lending (P2P) has been quickly becoming a popular alternative for anyone looking for a loan because it’s a win-win for the [...]

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How To Get An Unsecured Debt Consolidation Loan To Pay Off Credit Cards

March 9, 2010

The average person carries several credit cards and with ever-increasing interest rates, being able to pay off your balances in full each month is simply not a reality for most people. An unsecured debt consolidation loan can be a big help in streamlining your monthly debt obligations while saving you money at the same time. [...]

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Secured Credit Cards: The Preferred Way To Rebuild Credit

March 1, 2010

The other day we talked about why subprime credit cards should be avoided by those with bad credit. The good news is there’s a much better alternative that you may not have heard as much about: secured credit cards. They’re referred to as “secured” because the credit card’s limit is secured by a checking or [...]

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Avoid Subprime Credit Cards

February 26, 2010

You don’t have to look far to find someone in the midst of some sort of financial crisis. Unemployment, divorce, unexpected medical bills and paycuts are the most common reasons that people fall on hard times, and they can happen to anyone. And most people will suffer damage to their credit rating as a result.  [...]

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How To Pay Off Credit Cards With Debt Snowball Method

February 25, 2010

Yesterday we talked about how to to pay off credit cards with minimal interest, and if you’re the type that’s motivated by paying as little interest as possible, then you’ll love that strategy. But there’s another credit card pay off strategy that some personal finance experts endorse which many consumers have had success with. It’s [...]

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How To Pay Off Credit Cards With Minimal Interest

February 24, 2010

The typical person has several credit cards and carries balances on them from month to month. And with ever-increasing interest rates, paying off your entire balance is more difficult today than ever. The current average interest rate for new credit card offers is climbing towards 20% and interest rates are certainly higher for current cardholders [...]

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Credit Card Reform Is Here

February 22, 2010

Today is a very important day for all consumers who use credit cards and a big blow to the banks who issue them. Today is the day the Credit CARD Act of 2009 goes into effect. Congress passed this new legislation last year and it was signed by President Obama in May 2009. The idea [...]

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