The average American has more than $9,000 in credit card debt. While having a credit card isn’t a bad thing, letting credit card debt pile up over time can place an enormous strain on your finances. Take a look at the articles, Q&A’s, blog posts and videos we have linked to this topic for ideas on how to handle credit card debt and your personal finances.
Paying Off Credit Card Debt After Father’s Death
An adult child asks who has to repay his father's credit card debt after his father dies. When a death occurs, the person responsible for credit card debt depends on whose name was on the credit cards. After this death, it may fall to the man's wife to repay the credit card debt.
Credit Score: Impact Of Bankruptcy Or Collections
Is bankruptcy or debt collections worse for a credit score? Both debt collections and bankruptcy impact a credit score, although a bankruptcy will stay on a credit report longer than debt collections will. The type of debt also affects how it is reported to credit reporting bureaus and how important its creditors deem it.
Who Will Teach Your Kids About Money?
Money must still be taboo in many American families. Only 20 percent of parents involve their teens in financial discussions, according to a Charles S...
Use Cash Strategically On Credit Card Debt
If your credit card debt is spread out over several credit cards, you should plan how to use your cash to get the most benefit for your credit score. Spreading the payments across all the cards will not eliminate the debt, but it will lower the balance-to-credit-limit ratio, improving your credit score. Or to pay off the cards the fastest, put all of the cash toward the highest interest rate. Then use the money you'll save to pay off the rest of the cards. Plan your strategy for what will give the most benefit to your personal finances.
Ilyce Glink on WSB Radio – February 24, 2008
This week on the Ilyce Glink show, Ilyce talked about the $270 million a Georgia couple won in the lottery. She offered a few pieces of advice, mostly centered around hiring the right kinds of help to manage a fortune like that. She took calls on debt, credit, tax, mortgages, and a sad call from Alan on a very short sale (he'll lose $400,000 if he sells today -- if he CAN sell). Click to listen to the show, or download the podcast from iTunes. Don't forget to check out Ilyce's website, www.thinkglink.com, and her forum at www.thinkglink.com/forum. And don't forget to stop by her new all-video site, www.expertrealestatetips.net.
Quick Quiz For Credit Counseling
The National Foundation for Credit Counseling recently issued a True/False quiz to see if you're a good candidate for credit counseling. Here's the qu...
It’s Becoming More Difficult To Borrow Home Equity
While it's getting more difficult to qualify for home equity loans, Americans borrowed more of their home equity lines of credit than last year. Cons...
Ilyce Glink on WSB Radio – October 7, 2007
It's the season of reunions. On the Ilyce Glink show today, Ilyce talked about her 25th reunion, which she went to last night, and then took calls from listeners who went to their 30th, 48th, and 50th reunions as well. We also took calls from Craig, who is trying to pay down debt and is wondering how that will affect his credit, and Gabriel, who is trying to figure out whether she should pump any more cash into her house. All that, and more, on today's Ilyce Glink Show.
Credit Card Rates May Change
If you're thinking about getting a new credit card make sure to read all the terms you can prior to applying. You don't want to get blindsided after you have the card. It's easier to read the terms in advance than close the card and get dinged on your credit history. Credit card interest rates can zoom up at a moment's notice, but you can take steps to keep your rate low.
Ilyce Glink on WSB Radio – September 30, 2007
It's the season of reunions. On the Ilyce Glink show today, Ilyce talked about her 25th reunion, which she went to last night, and then took calls from listeners who went to their 30th, 48th, and 50th reunions as well. We also took calls from Craig, who is trying to pay down debt and is wondering how that will affect his credit, and Gabriel, who is trying to figure out whether she should pump any more cash into her house. All that, and more, on today's Ilyce Glink Show.