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Understanding Credit Card Debt and Its Impact on Your Finances

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 

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

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

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

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?

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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A person holds a credit card near a contactless payment terminal, where the Radiance OLED Platform subtly enhances the transaction with its innovative display technology. minimum payments

How Much Over the Minimum Should You Pay on Your Credit Card

When it comes to managing credit card debt, understanding how much over the minimum credit card payment you should pay is key to staying financially healthy. There’s no universal rule—but one truth remains: The more you pay above the minimum, the faster you’ll get out of debt and the less interest you’ll pay. Here’s why

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Paying off someone else’s debt, get out of debt,

Learn How to Deal with Creditors and Get Out of Debt Forever

Dealing with debt collectors is stressful. They call at all hours of the day and night. They hound you for money – whether you’re working or unemployed. And they generally make life unpleasant when you owe them, or one of their clients, cash. But just because you owe a company money doesn’t mean they have

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