One of the hardest things to beat in the debt elimination game are those pesky and high interest rates. Especially credit card interest rates. When you have an interest rate of more than 16 percent, it is difficult to get that credit card balance down, even if you are paying more that the minimum payment [...]

Yesterday we looked at why it is in the best interests of credit card companies to keep you in debt, and how important it is for you to get out of debt and starting building wealth. Here are a few tricks that credit card companies use to keep you charging:
Cash back reward programs. You spend [...]

It may seem counter-intuitive: your creditors don’t want you to pay off your debt? The truth is that most lenders preferred to be paid off with interest. And when you are talking about things like cars and homes, the lenders do want you to pay back the money. But when it comes to revolving accounts, [...]

Avoiding increasing credit card debt is an obvious part of debt elimination. One way to avoid racking up even more credit card debt is to do your best to avoid credit card fees. These are things like interest charges, late payment fees, and over-the-limit fees. You should realize the credit card companies use all of [...]

If you have filed bankruptcy you could find yourself in debt again in a short amount of time.  A ‘good’ thing about a bankruptcy is that you are actually a good risk for a credit card company.
Why?  Because you can’t file for bankruptcy but every 7 to 10 years and credit card companies know that [...]

Some of the ‘lesser’ credit card companies that usually have something to hide are extremely available when setting up your new account.  Once you are an established customer, the theme will change.
If you try and call the customer service number on your account you’ll most likely be listening to a menu.  During that time, you [...]