Do you know a way to calculate APR with low balance transfer offers with credit cards? All methods I’ve previously read about don’t work, because they assume you make equal payments for the full term until the balance is paid off. This is how mortgages are paid, so the APR formulas work for those.

A recently released Federal Reserve report showed U.S. consumer credit surged to its highest point at 9.9 percent since the post-recovery surge after 9/11 in 2001. It also rose 10 percent on federal government backed issued student loans and higher credit card debt.

I wrote a check, which would have caused an overdraft, but since I had the overdraft protection, they took out 3k on our Visa account. Now we got the bill from Visa, which has both a transaction fee finance charge of $99.00 and a periodic rate finance charge (I suppose that’s on the 3k we borrowed). Is this a charge that I might successfully have waived? Or, shall I resign myself to paying? If it is fightable, any tips on what I might say to them?

Too much backlash forces Verizon to rethink their fee policy. Consumers are a very strong group and have many options and that is what ultimately brought Verizon to their senses. Another fee victory for the consumer! Here is their press release…

Verizon Wireless announced Thursday, December 29, 2012 that it is going to charge a $2 “convenience fee” to mobile phone users starting January 15, 2012. The $2 will be charged when making single bill payments online or by telephone. Sounds very “convenient” for them, not us.

Fantastic info, not for scatterbrains though. I have three cards currently all intro 0% wondering if I made a cash advance of say $1,000.00 then immediately took advantage of 0% balance transfer, would I still be liable for the 24.99% advance rate as well as the fee even though account was paid off the same day or at least within billing cycle?

How often can you apply for credit cards? Does it look bad on your credit report if you apply for many credit cards? My husband and I have 5 credit cards. Our credit rating is good, so most of our interest on our cards are between 5 and 7%. We owe $19,000 and I am currently emptying one of our cards so that we can transfer the entire $19,000 using their 2.99% life-of-the balance rate.

My wife and I have a lot of credit cards. WE would like to cut them up so we don’t use them. Should we notify the companies first to cancel them? We are having trouble paying them. Thanks for your help.

Two stores are having a sale. In Store #1 the deal is take 25% off then take an additional 25% off. In Store #2 the deal is take 50% off. Which store has the better deal? (Store #1, Store #2, Both are the same)

Share this with your readers. I just cannot believe that the credit card company will work with me. I have a Marathon Pet Credit Card (MAP). My balance is $1,093.92. I am self-employed and between customers right now. I just didn’t have the extra $118 to pay the card, so I did nothing. Cash wasn’t there. I avoided the MAP calls. Since I had to cut staff, I am the only one in the office, the only one to answer the phones.