August 18, 2009, 6:52 pm
Consumers signing up for zero interest credit cards should be aware of the potential pitfalls that may confront them. It’s not a secret that credit card companies are, of course, in the business of making money. And the way they make money is by charging you interest for the privilege of using their card to buy things. The main way that a company can make money on no interest credit cards is by making their money on other services or fees. And these are the things that you should be on the lookout for.
But be wary of third party companies that offer to negotiate lower card rates for you. Many of these types of services are scams. And you’ll most likely end up paying for services that result in no help to you at all.
July 21, 2009, 12:22 pm
The stress of being in debt is incredible. Ignoring the bills and phone calls may reduce some of the stress in the short term, but will only make the debt larger and the stress will increase right along with it. You have a few options, like consolidating bills or working out a plan for yourself to pay off the debt each month. If you let it go, the amount of debt will keep on compounding and become an amount that will take decades for your to pay off. Open those letters and answer the phone calls. They want to get their money, but are willing to help you out to see some of it. After you make the call and begin working it out your level off stress will fly right out the window.
June 30, 2009, 6:20 am
Life after you get out of credit card debt is very different than life under a mountain of debt. The sun still rises and sets on the same sides of your house and the neighbors dog still barks all night, but you do have a bigger spring in your step and live much more relaxed. Imagine what it would be like to not have to worry every time your phone rings if it’s going to be a creditor to bother you. Imagine what it would be like to check the mail without worrying about what’s in the box. Imagine going to buy a car or TV without worrying about the embarrassment of being denied credit. It’s pretty awesome. Take the first step today to get yourself out of the credit trap that you’re stuck in.
