Category Archives: Managing Debt

Escape the Minimum Payment Trap
NEWS FLASH… credit card companies don’t want you to pay off your cards. Why? Because if you did, they’d stop making money off of you. If EVERYONE woke up one day and decided to pay off all their cards, then credit card companies would go out of business. So, it is in the credit card company’s best interest to keep you enslaved to your debt as long as...
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Pay off debt fast with this simple system
Debt accelerator. Debt snowball. Debt avalanche. Whatever you want to call it… it works! If you seriously  want to pay off debt fast, building up a better credit score, and starting a brighter financial future, here’s what you need to do: Step 1: Gather all your most recent bills from your credit cards, car loans, student loans, and anything else you are paying interest and finance charges...
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Good Credit Score News for People with Medical Collections
Last Summer, FICO (the company that creates the software used to calculate credit scores), released a new update to its scoring system called FICO 9. The goal of FICO 9 was to reduce the effect past due medical debt has on a person’s credit score, especially if they have an otherwise clean credit history. Why is this a big deal? Consider these...
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