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Tag Archives: debt

Money experts’ first credit card lessons

Karen Queen

Do you remember your first credit card? I got my first card in January 1987, a Visa through Carolina Telco Federal Credit Union. I was four years out of college and hadn’t yet built up a savings account. I was…
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Bad credit increases your risk of early death

Kelly Dilworth

Falling behind on payments won’t just wreck your credit score, it could also increase your risk of early death. According to new research released by the Federal Reserve Bank of Atlanta, people with bad credit are significantly more likely to…
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1099-C rule change is good news for debtors

Fred Williams

This tax season, there’s good news for people struggling with debt. Under a new IRS rule, people will no longer be squeezed for taxes just because an old debt has gone unpaid. Before coming to that, however, some bad news:…
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Paying off card debt? Forget math, go snowball, studies say

Kelly Dilworth
Juice Images / Creative RF / Getty Images

Feeling financially bloated after months of heavy holiday spending? If you want to slim down your credit card balances fast, experts typically recommend that you pay down the balance with the highest APR first (after you pay the minimum amount…
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People who love payday loans are hard to find

Fred Williams

Lee Edmundson doesn’t want a federal rule to limit his access to payday loans. At least not according to the official record. “If the government limits the number of days I can have a loan, there will be many times…
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