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credit card debt

Debt Payoff Motivation: How to Stay Focused Until You’re Debt-Free

Debt Payoff Motivation: How to Stay Focused Until You’re Debt-Free

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Debt payoff motivation is often the deciding factor between people who successfully become debt-free and those who give up halfway through. In 2026, rising living costs and long repayment timelines make staying motivated harder than ever. This guide shows you practical, psychology-backed ways to stay focused, energized, and consistent until your last balance hits zero. […]

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Credit Card Minimum Payment: What It Is & Why It Matters

Credit Card Minimum Payment: What It Is & Why It Matters

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A credit card minimum payment is the smallest amount you’re required to pay each month to keep your account in good standing. While paying it helps you avoid late fees and penalties, relying on the minimum can quietly cost you thousands in interest over time. In this guide, you’ll learn how minimum payments work, why

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high-interest credit card debt

How much of your income should go toward paying down high-interest credit card debt

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Understanding how much of your income should go toward paying down high-interest credit card debt is one of the most important steps toward achieving financial freedom. Carrying high-interest balances not only drains your monthly budget but can also prevent you from saving or investing effectively. With average credit card interest rates often exceeding 16%—and sometimes

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What Really Happens If You Pay Just the Minimum on Your Credit Card?

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Paying only the minimum credit card payment each month might seem like a manageable way to keep your account in good standing. However, this practice can lead to long-term financial consequences, including years of debt, high interest costs, and damage to your credit score. To protect your financial health, it’s important to understand the real

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A person in a suit holds an envelope promoting fast credit card debt payoff, strategically crafted by a financial planner. It features a catchy tagline and space for an address.

Understanding Credit Card Debt and Its Impact on Your Finances

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Credit card debt can have a significant impact on your financial well-being. It is important to understand what credit card debt is, how it works, and the potential consequences it can have on your overall financial health. In this comprehensive guide, we will explore the concept of credit card debt, its benefits and drawbacks, strategies

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Lynnette Khafani-Cox

Here’s What I Did To Get Out of Debt 

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Even though I got my first credit card more than 25 years ago, I remember it like it was yesterday.  I was a freshman attending the University of California, Irvine. At age 18, just receiving an invitation to apply for a credit card made me feel so grown up.  Back then, credit card solicitations were

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A worried woman holds her head with one hand and looks at several credit cards in her other, contemplating how to consolidate credit card debt.

4 Things To Consider Before You Consolidate Credit Card Debt

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With credit card interest rates averaging over 25% in 2025, consolidating your debt can be a strategic move to reduce interest payments and simplify your finances. However, it’s essential to assess your financial situation carefully before proceeding. What Is Credit Card Debt Consolidation? Credit card debt consolidation involves combining multiple credit card balances into a

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A green road sign with the words "Financial Freedom" in bold white letters and "NEXT EXIT" below them, symbolizing escape from credit card debt, against a blue sky with clouds.

6 Easy Ways to Tackle Credit Card Debt Now

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f those credit card balances just never seem to disappear or you’re drowning in debt, you need a realistic payoff plan to get your financial house back in order. According to CreditCards.com, the average credit card debt per household with credit card debt in 2012 was $15,956. That’s a significant debt load for the typical

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Best Ways to Get More Out of Credit Card Balance Transfers

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Transferring your credit card balances (balance transfers) can be an effective way to save on interest you would otherwise accumulate on a high-interest credit card, and can also increase your credit score as you clear up your credit lines. However, there are some things you need to be aware of before you authorize that transfer.

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bi-weekly credit card payments

Credit Card Payment Strategy: Do Bi-Weekly Payments Reduce Debt Faster?

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Many people ask me about various payment strategies to eliminate debt. So in this post, I’ll offer some guidance on how to effectively reduce debt and keep your finances strong. Specifically, let me answer the following question someone recently asked: Q: Can you reduce the payoff on a credit card by paying bi-weekly or weekly

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