I want to pay off a high rate credit card. What would be the better choice to help preserve my credit score?

Posts Tagged ‘Finance Charges’

I want to pay off a high rate credit card. What would be the better choice to help preserve my credit score?

By Author on Wednesday, July 28th, 2010 | 3 Comments

I am debating between a personal loan at a much lower interest rate or transferring the balance to a new card @ O% apr. I am overly certain that I could pay the balance before the 0% period is over. The transfer fee seems worth it since it is less that one month’s interest charge. [...]

Has anyone else noticed an increase in credit card finance charges?

By Author on Monday, July 12th, 2010 | 3 Comments

I’ve been using my Mastercard for a long time and in the last six months or so, I’ve noticed they are charging me a "finance charge" every month or so. This is separate from the interest charges. Up to now they’ve never done this to me. I am wondering if this has anything to do [...]

What are the negative long term consequences of "card hopping" to pay off my high interest credit cards?

By Author on Thursday, July 1st, 2010 | 4 Comments

I have been cautioned against taking a "line of credit" to pay off high interest credit card balances. Instead, I have been encouraged to keep using the 0% interest credit card offers for as long as it is offered at zero %. These cards are a dime of dozen these days. As with anything in [...]

How long does a credit card need to be paid off to stop getting hit with finance charges?

By Author on Thursday, June 24th, 2010 | 6 Comments

So here’s the next question in my credit-card cleanup. I have a card that I just paid off, and it has an excellent APR on purchases. Now, I’m sure I should just ask the credit company, but why not pick the brains of the Yahoo! Answerers out there and see what you think? How long [...]

What Does This Mean On A Credit Card Application?

By Author on Monday, June 21st, 2010 | 1 Comment

I’m thinking of getting a new credit card. Even though I’ve made every payment on time and in full my current card is starting to add all kinds of fees. On the application, under "Interest Rates and Interest Charges", it says "If you are charged periodic interest, the charge will be no less than .50". [...]

No Annual Fee Credit Cards

Posts Tagged ‘Finance Charges’