Credit and Debt Blog

If you have ever been charged $35 for the privilege of spending 3 bucks that you don’t have, you understand how frustrating overdraft fees can be. This fall, these fees will be illegal if you haven’t opted in. One bank has decided to set the trend by voluntarily ceasing overdraft fees in advance of the [...]

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You notice that your credit card debt has stayed about the same. You rarely make purchases on your cards anymore but the balances seem to be about the same. Then you wonder what you would do with that extra $200-400 each month if your debt was paid off. Here is how you can eliminate your [...]

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With the economy in its current freefall, many of us are laid off from our jobs and forced to use our credit cards to supply us with the basic necessities of life, hoping that we will be recalled to our previous job before the bill becomes due.

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(Dal from Maryland) I am current on my credit card payments, however I am getting close to being late on some. What should I do?

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When examining debt relief options, clearly forgiveness of debt can be an appealing idea. Imagine getting all or a portion of your debt forgiven rather than having to deal with debt collectors and legal action! If it sounds too good to be true, understand that there are many consequences of debt forgiveness that could leave [...]

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When you are looking for an answer to a very specific question, it may sometimes be difficult to find exactly what you are looking for. That is because your situation is unique, and most other situations that you read about are just not the same as yours. Now you can ask your questions directly.

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Bank of America quietly delayed their changes to the way they calculate balance transfer fees. Changes were to go into effect in March, 2008. They are now delayed until at least June 16, 2008. The fee will remain at 3% of the balance transfer with a minimum fee of $10. However, the cap of $75 [...]

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Credit card default rates have stayed low, even as foreclosure rates have more than doubled in many areas. Now, credit cards are also showing signs of trouble.

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The quickest way out of credit card debt is to dramatically cut your interest rates. There is no other factor that matters as much as the rate in which your finance charges are compounded. So how do you eliminate credit card debt? Here’s how.

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If you made a credit card purchase overseas, you may be eligible for a refund. As a result of a class action lawsuit filed against MasterCard, Visa and Diners Club, you may receive a refund of the 3% foreign currency conversion fee that was charged on those transactions.

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