Here comes a new year! As with any new year, 2012 offers you the chance to improve your situation, no matter what that situation is. We can all improve, and we can all adopt practices that make our finances better. One of the best ways to improve your finances is to reform your credit card [...]
Tag Archives: Credit card debt
Understanding the Difference between Secured and Unsecured Debt
When it comes to debt, it is important to understand the difference between secured debt and unsecured debt. There are many financial myths surrounding different areas of money, and it is important to recognize that not all debt is the same — and not all debt has to be repaid the same way. Secured Debt [...]
5 Steps for Dealing with Credit Card Debt
It’s true that Canadians compare well in terms of credit card performance when compared to the U.S. and the U.K. And improvements are being made. According to Moody’s Investors Services, Canada’s charge off index dropped in the first quarter of 2011. Additionally, the year over year rate for delinquency is down. It appears that Canadians [...]
Paying Down Credit Card Debt: High Interest First
Credit card debt can be devastating. It represents a drain on your discretionary spending, limiting your ability to do what you want with your own money. However, paying down credit card debt can be a daunting task. The important thing, though, is to get started. Start out by making a list of all of your [...]
What Happens to Credit Card Debt When You Die?
There are a few basic things to keep in mind when it comes to “ownership” of credit card debt
Credit Card Delinquencies in Canada, U.S. Fall
Credit card delinquencies in Canada fell in Quarter 3 of 2010, indicating that more Canadians are able to manage their debt better, and that they are starting to move out of recession mode. However, the news isn’t all good: Even though Canadians saw a reduction in credit card delinquencies, the average household debt grew. Our [...]
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Credit Cards: Speedway to Bankruptcy
Many Canadians are finding out that one of the fastest ways to bankruptcy is the excessive use of credit cards. Credit cards are so alluring because the offer the promise of instant gratification, and the ability to make low minimum payments. They make large purchases that we would never afford otherwise suddenly within reach. And [...]
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Farhaneh Haque: Excellent read - I find that people are sometimes ...
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Janet Hutchins: Here are some resources to help you access your cr...
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Theresa: I think the new money feels weird. but is kinda co...
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Barry TSP: I'd like to know where I can check my credit repor...