Archive for October, 2007

What is the best way to deal with credit card debt? Consolidate or Credit counseling company?

metro7 asked: Just had a major surgery and racked up some major credit card debt while being out of work. Just looking to see where I could start now that I am going back to work.Caffeinated Content

What is the eastiest way to deal with credit card debt?

Momto2inFL asked: Recently, I was put in a very difficult position due to my husband losing his job. My income was all we were living on and we have 2 kids to care for. While my husband was job hunting I racked up some pretty good charge card debt because I had to pay childcare [...]

balance transfers?

Mary R asked: i currently have an open credit card, 0 balance, that has the promotional option of 0% APR on balance transfers-the offer is going to expire in a month. i have 2 other cards, one with a balance of $700, and one with a balance of $900, both apr’s are around 20%. I’ve [...]

Does a 4.9% credit card loan beat a 9.2% home equity loan in terms of money savings and tax benefits?

froalskiner asked: I want to take out a $10,000 loan and I want to see if the credit card deal is better for overall savings. It’s a lower rate than the home equity loan, but will the higher APR of the Home Equity loan paired with the tax breaks be better than a lower [...]

Is it a good idea to offer credit cards to illegal immigrants?

lizzgeorge asked: The Wall Street Journal reported today (2/13/07) that Bank of America has rolled out a program in Los Angeles county offering credit cards to those without social security numbers or credit histories. They hope to go national with the program this year.
In recent years, banks across the country have been [...]

what is the best low interest credit card with 0% balance transfer and no fees?

yackydoodletig asked: I am trying to get out of debt and I want to transfer my credit card balance over and pay it off ASAP.Caffeinated Content

What is the best way to deal with credit card companies?

skcubog asked: I have several credit cards and am having some difficulty paying them. Some of them are late. I have met with a financial consultant and developed a plan to get out of debt. What is the best way to communicate this with the companies. I have written a letter and have sent [...]

How long does a balance transfer transaction usually take?

Lydia asked: I tried to transfer a balance from a high interest credit card to a no interest credit card. I’ve never done it before so I don’t know how long it will take. I signed up for the no interest card earlier this month and filled out the information for the transfer [...]

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