As featured in The Wall Street Journal, Money Magazine, and more!

Debt Reduction

Good and Bad Uses of Leverage

by Luke Landes

Earlier this year, I suggested starting the decade off right by paying off debt. In general, debt is something that should be eliminated. Credit card debt is expensive and often unnecessary, personal loans generally carry a cost to personal relationships as well as interest, and mortgages hang around forever and make you a renter who […]

4 comments Read the full article →

Smithee Debt Update, Mid-June 2010

by Smithee

Happy Friday. It’s been about a month since my last credit card debt update, and I’m pleased to report that I’m still committed, and the plan continues to work. The weather is getting annoyingly warm, which is usually the time I start engaging in (metaphorically) self-destructive behavior, but I’m in the home stretch now, and […]

3 comments Read the full article →

Smithee Debt Update, Mid-May 2010

by Smithee

Happy Vacation-makes-finances-a-bit-messy Friday! It’s been about a month since my last credit card debt update. Since then, we managed to pull off something akin to a coup or a miracle. With help from my wife’s bonuses (which are only considered miraculous because mis-management at her company makes those difficult to realize), we were able to […]

3 comments Read the full article →

Legacy Credit Card Debt: Gone

by Smithee

I mentally separated my two credit cards into “Legacy Debt” and “Newer Debt”. The former has been with me on a variety of cards, banks, and interest rates since 1997, but in the last couple of years I consolidated it onto one card that I haven’t used to purchase anything. I’ve been paying it off […]

10 comments Read the full article →

Biweekly Mortgages: Do It Yourself to Save Money

by Luke Landes

On the surface, it seems like it would make sense to enroll in a biweekly mortgage payment plan. In theory, these biweekly mortgage programs offered by lending servicing companies work by allowing you to send half of your monthly mortgage amount every two weeks. As a result, you make two “extra” biweekly payments each year, […]

3 comments Read the full article →

Smithee Debt Update, Mid-April 2010

by Smithee

Happy Friday. It’s been just about a month since my last debt update, and I’m feeling relatively successful at it. I’m still on track to get rid of it by July, having eradicated $1,267.39 in the last four weeks. Aside from the satisfaction of persistence, there’s actual good news: as of yesterday, my employer has […]

8 comments Read the full article →

How Debt Settlements Affect Credit History

by Jeremy Simon

This is a guest article by Jeremy M. Simon. Each Tuesday, his Credit Score Report column addresses a CreditCards.com reader’s question on credit scoring. He selects questions that either best reflect a common reader concern or that highlight some particularly interesting aspect of credit scoring. Today, Consumerism Commentary is hosting the weekly question-and-answer session with […]

4 comments Read the full article →

Smithee Debt Update, Mid-March 2010

by Smithee

The last three weeks have been pretty lousy for my push to get rid of the credit card debt before summer (summer? When did I decide that? Just now, I guess). With a total balance of about $5,500, and making payments of at least $1,300 a month, you’d think it’d be a straight path to […]

3 comments Read the full article →

Smithee Debt Update, February 26, 2010

by Smithee

It’s been a couple of weeks since I shared details of my push to get rid of the credit card debt. I’ve been diligently taking out exactly $100 from the ATM to spend from Saturday morning through Friday night. That’s just for daily, personal purchases that don’t contribute to the house as a whole, though. […]

7 comments Read the full article →

Smithee Debt Update, February 13, 2010

by Smithee

This was a pretty good week for saving money. Last weekend, I took my strict $100 out of the bank for the next seven days, but I also ordered a small-ish present for my wife, which cost about $50. As a result, I set myself a challenge to see if I could spend $50 or […]

3 comments Read the full article →
Page 5 of 11« First···34567···Last »