My new system for making sure my minimum payments get made
I had a great system for my credit card bills: I'd write a check when the bill arrived, put the due date on it, and then put it in a stamped envelope ready to be mailed. Then I'd smugly enjoy the...
View ArticleStudy: Minimum payment warnings prompt some to pay less
New research suggests that credit card minimum payment warnings could be prompting some consumers to pay less than they would otherwise. Read More »
View ArticleShould lenders increase credit card minimum payments?
Consumer advocates have argued for years that credit card issuers set minimum payments way too low, trapping people into long-term debt. When you pay only the minimum amount due, interest charges build...
View Article12 Days of Christmas payoff? Decades!
If you put the partridge in a pear tree, two turtle doves and all the rest of the 12 Days of Christmas on your credit card, you’d have a whopper of a bill to pay off. How big a bill?… Read More
View ArticleWhen paying down card debt, focus on APRs, not balances
If you’re juggling multiple balances on a handful of cards, there are any number of wrong ways – and one right way – to divvy up your credit card payments. New research by the National Bureau of...
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