Posts tagged as:

credit

While I don’t recommend using credit cards to rack up debt, the unfortunate truth is that maintaining a credit history can be an important part of good finances. After all, your credit history is what determines interest rates and credit-worthiness for even “good” debts like mortgages and (sometimes) car payments. Even if you have a […]

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Why I’m using credit cards again

by Karen on April 21, 2009

Tony and I have been credit card debt free since January of this year. But for the past couple of months, we’ve started using our cards again every month. Don’t worry, it’s not what you think. We still don’t carry a balance, and we probably never will again. But we also don’t want to leave […]

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Do you know where your money is going?

by Karen on January 29, 2009

One thing I’ve learned from the mortgage and lending crisis — you can’t be too familiar with the terms and conditions of your loans, investments, and credit cards. Now that we’re facing a credit crisis, it’s more important than ever that you’re familiar with the policies of your lenders and investment firms as some institutions […]

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Starting the new year credit card free!

by Karen on December 20, 2008

photo by b.franchina This morning I sent my final payment to American Express. We’re officially credit card debt free!! In the past year, we’ve paid off almost $5,000 in credit card debt. I’m pretty proud considering how low our income was for a big part of the year. :) Unfortunately, we still have quite a […]

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This week I received the loan application and promissory note for my private student loan consolidation. According to the letter, I’ve been “conditionally approved.” If all of my paperwork is sent back correctly and verified, I’ll be actually approved. If I’m able to consolidate these loans, I’ll cut the interest rate and minimum payment almost […]

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Last night I called Chase to find out more information about consolidating my private student loan debt for a lower interest rate. I was hesitant to call. With the stock market rebounding yesterday, part of me wanted to wait another week or so to see if the credit market stabilizes a little. The truth is […]

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Credit crunch hits close to home

by Karen on October 13, 2008

With only two payments left on my credit card debt, it’s time to get serious about paying down my ridiculous private student loan debt. For the past year, I’ve been working hard to claw my way out of leftover debt from college. My first goal was to focus on my high-interest credit card debt. I […]

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This morning, Wise Bread shared a link to Credit Karma, a new site that offers free credit scores as often as you want. Unlike other services like FreeCreditReport.com, you don’t need to enroll in a service that later requires you to spend 20 minutes on the phone repeatedly telling an operator, “No, thank you. I’m […]

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