Last week I had briefly talked about how you shouldn’t cancel any credit cards before applying for a loan and that brought me to write up a general post on credit cards. You may already have a credit card, but if you don’t I can almost guarantee you that there will be many opportunities to get one once you step foot on campus. There are many credit companies who set up tables on college campuses to encourage students to sign up...

The last thing you want to do is to cancel your credit card(s) right before applying for any types of loans, this is a bad idea. Canceling your card can affects your credit score negatively. When you have a lower credit score, that will result in higher interest rates and also may increase your fees. It doesn’t hurt for the account to stay open but it can hurt if you close it. Instead of closing your account just leave it open, it...

Yes, I’m really excited to announce that I have completely paid off my credit card as of this past weekend. I have wrote many posts about my credit card situation and it has been an ultimate goal for a while now. I am finally glad to announce that my long journey has finally reached an end. For those who do not know, I originally had a credit card debt of about $9,000.00 as of last year May. Over this past year I have been trying...

Welcome to the 13th edition of the Carnival of Money Stories! This week we had a little over 30 great article submissions, however since majority of the submissions did not have a personal story or experience behind it, I had to omit most of it. Remember guys, Carnival of Money Stories is strictly dedicated to articles with some kind of personal story and/or experience involving finance so if your article did not have either or, then it was...

Statistics show that the average American has over $8,000.00 in credit card debt. If you fall under that credit card debt range, then you’ve got some major cleaning up to do. There are millions of people who have come out of some heavy credit card debt, so now it’s your turn. Follow these 5 steps to be on your way to being credit card debt free.  First thing, you need to stop the credit card offers. You want to get away from...

So I managed to bring my credit card debt down to an even $4,000.00 just this past weekend. Paid off $1,404.22 out of the $5,404.22  which brought my total to an even $4,000.00 I plan on paying off a little more as soon as I receive my refund from my federal return. My goal is to bring it down to $3,000.00 by next week. It would be nice if I could have it completely paid off before summer starts but I doubt that will happen, simply...