Q. Do you have any thoughts or recommendations for an individual that has $50,000 high interest credit card balance(s) – mostly American Express. She needs the cards to run her current business – so she doesn’t wish to cancel the cards – and can’t get the credit card companies to lower the rate. A. I’m [...]
Entries Tagged as 'high interest'
How Can I Reduce the Rates on My Credit Cards?
January 29th, 2010 · No Comments · Credit Cards, Credit Counselor Front Lines
Tags: banks·Credit card debt·Credit Card Payments·credit unions·high interest·Interest Rates·line of credit·signature loan
Pay Off High Interest Rate Credit Cards with Savings?
September 17th, 2009 · 2 Comments · Banking, Budgeting, Credit Cards
A couple of months ago, Suze Orman advised her followers to just pay the minimum payments on their credit cards and hoard cash in order to build up an emergency savings fund. She was lambasted by critics who felt that this was an unrealistic goal with high costs. I’m in agreement with the critics and [...]
Tags: Credit Cards·Credit Limit·Credit Score·Emergency Funds·high interest·MSN Moneycentral·save money·savings·Suze Orman·zero percent interest
