credit cards | Out of Debt Again

Those New Laws Regarding Our Credit Cards

By Mrs. Accountability on February 9th, 2010

Have you gotten any notices about the changes? I have received several.

My GE Money Lowe’s card (which I haven’t used in years) arrived with this information:

Due to new credit card regulatory requirements, we will no longer be permitted to offer “no payment” promotions. As a result, starting on February 1, 2010, any [CLICK TO CONTINUE...]

Please Don’t Fax Your Credit Card Information!

By Mrs. Accountability on November 11th, 2009

Today I heard a story from a friend that made my hair stand on end.

She said the company she was working for was sending out solicitation letters and a form that included a place to write in your credit card information, and then suggesting that people mail (which is probably safest, [CLICK TO CONTINUE...]

Mr. A’s Credit Score

By Mrs. Accountability on October 25th, 2009

Mr. A has dealt mostly with cash in his life, so in February of 2008 I had him apply for a secured credit card so he could begin building his credit. We put $600 into the bank, and they held onto it while we used the card to buy gasoline and paid it in [CLICK TO CONTINUE...]

Consolidating Our Credit Cards

By Mrs. Accountability on October 23rd, 2009

For some reason I have been having trouble bringing myself to use our $20K line of credit. I have just been procrastinating, even though the interest rate is 10.2% as opposed to the highest credit card which is 13.24%. The other credit cards are below 10% (amazingly).

Mr. A and I have been having [CLICK TO CONTINUE...]

My Credit Score – Has It Really Jumped 31 Points?

By Mrs. Accountability on October 17th, 2009

// I was reading through some of the carnivals I’d entered in the last week and I came across Sun Financial’s entry Is CreditKarma Useful? From there, through a series of clicks here and there, I landed up at DebtKid’s site. Yeowch. I was reading his post on how to raise your credit [CLICK TO CONTINUE...]

Guest Post: Managing Your Finances in Changing Times

By Guest Author on October 16th, 2009

Today I’m giving the floor to Trisha Wagner. She’s a freelance writer who has volunteered to provide a guest post today at Out of Debt Again.

Managing Your Finances In Changing Times

A changing economy requires changes in how you manage your finances. When facing tough economic times many consumers have learned the hard [CLICK TO CONTINUE...]

Transferring Balances

By Mrs. Accountability on September 17th, 2009

On August 16th I said, “I am going to make a point this month to transfer two credit cards over to another one that is offering 0% interest until May 2010. I am tempted to go with the 2.99% interest for one year… but will probably go with the 0% offer. I had better [CLICK TO CONTINUE...]

To Close or Not To Close?

By Mrs. Accountability on September 12th, 2009

Jeremy over at Generation X discussed whether or not one should close a credit card account in his recent post If You’re Going to Consolidate Then You Have to Stop Using Credit.

Since we’ve been looking into refinancing our home, and rolling in the credit card debt, this post says many of the things [CLICK TO CONTINUE...]

Credit Card Worries and Update

By Mrs. Accountability on May 27th, 2009

President Obama signed a new bill regarding credit card rules which will go into effect in 9 months.

I need to do some research on it as I have heard there are some good and bad points to the new bill. I’ve heard that it could have an effect on “responsible” credit card users [CLICK TO CONTINUE...]

Just What I Needed, More Credit

By Mrs. Accountability on March 27th, 2009

I bank with Wells Fargo and they recently decided that it was necessary to lower my overdraft loan amount from $5000 to $2000. They didn’t touch the $20,000 line of credit attached to the account we use for Mr. A’s business.

I’ve been using my Chase Amazon card pretty heavily and paying it down [CLICK TO CONTINUE...]