I’ve read several articles and books on how much debt is acceptable. Some state that debt should be no more than 5% of your income; others state you should not have debt at all. There may be times when you feel you must go into debt in order to better your life such as a school loan. Remember though… The [...]
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I remember the first time I ever signed up for a credit card. And yes it was in college. I thought it would be so cool to get one. I was totally oblivious to the terms of the credit card agreement. I didn’t know how much interest I was charged nor did I understand how [...]
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CALL the credit card company directly! I am not against third party interventions (consolidation companies or consumer credit counseling). But before you go that route, try working with the credit card company yourself! Many times by going through a third party, it can affect your credit score. It’s not the company that helps you with [...]
Filed under: Budgeting, Debt, Spending | Tagged: credit card, Debt | 1 Comment »
My husband and I started our marriage off several years ago with 7 credit cards and $12,000 in credit card debt! Several of the cards had a high interest rate of 14% to 21%. Marriage is hard enough without the stress of debt so I went on a mission to cut this debt as fast [...]
Filed under: Debt, Perspective, Spending | Tagged: credit card, Debt | Leave a Comment »
