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Articles written by Scott Bilker
<1 to 10 out of 258 articles> |
Submit a Household Math™ Question
by Scott Bilker
Do you have a really good Household Math™ question? Whether it's a problem that you want to share or a problem that you need the answer to we are interested!
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Fighting an Increasing Rate
by Scott Bilker
I received a notice with one of my invoices that they would be increasing the rate to 20% and that I basically didn't have a choice in the matter.
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Household Math™: Sale or gas savings?
by Scott Bilker
How much are you really saving to be there for that sale? This is a true situation at our house. My wife drives a Dodge Ram, it gets 12 mpg (miles per gallon). Gas in our area is $2.45 per gallon. The mall is 18 miles each away. If she cuts back and only goes to the mall once a week, instead of twice a week, how much would she save in one year? (Steve, DebtSmart Reader, submitted this question.)
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Credit Card and Debt Statistics Database
by Scott Bilker
Do you want to know the average credit card debt for families? Want to learn who has the most credit cards and how many? Find the numbers, and the sources, for credit and debt! The most complete online database of credit card and debt statatisics.
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11 Easy Ways to Cut Your Spending Without Feeling It
by Scott Bilker
There are three main points to be addressed when reducing debt, specifically: (1) Getting organized financially; (2) Becoming more efficient with your current debt and spending; and (3) Generating more income. Here are some suggestions to expand on number (2) specifically as it applies to spending.
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Excerpt from "Talk Your Way Out of Credit Card Debt"
by Scott Bilker
Everyone wants to get out of debt, but few are willing to do the work it takes to make this goal a reality. As it turns out, looking into all your credit options is going to be one of the best paying jobs you'll ever have. That's because the money you save more than compensates you for...
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Dental Surgery Funding
by Scott Bilker
Hi Scott, I need some very expensive dental surgery and work. I was wondering if you could suggest a strategy/strategies to fund this $8,500 expenditure over a two year period interest free. I have an excellent credit score (800+). I know that during the process, I can shop for balance transfer offers; however, I'd prefer to find a card with 0% on purchases for 24 months or do a series of transactions to perform the equivalent. Bob R.
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Living above my means for years--what now?
by Scott Bilker
I've been living above my means for years, using credit cards to pay for the difference from what I make and what I spend. I can't be denial much longer as the cards are getting to their max. I currently don’t' have any past due payments since I still use the credit cards to offset what I can't pay. What do you recommend I do?
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Capital One, and other, banks’ tactics that might shock you
by Scott Bilker
I called myself to try and keep the account open and, for the most part, the banks are not agreeing. They tell me that, "these decisions are in response to the current credit crisis." Gee, I'm thinking that, "huh, the banks blew it to the tune of $300 billion because of bad decision making and now, they're next move is to close the accounts of they're profitable, and potentially profitable customers." Yeah, that's a good move--duh! What are they thinking! Talk about cutting your nose off.
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Debt smart credit card rules adopted by federal regulators
by Scott Bilker
I can't believe it! It appears that we consumers have received a major holiday gift this season.Government regulators adopted sweeping new rules for the credit card industry. Finally, rules that protect consumers! This is certainly a time for celebration, because it's the first time in decades that consumers have received protection from some of the most terrible practices of these banks. I am excited, however, these rules don't go into effect until July 2010. My only fear is that the banks will figure out a way to get around these changes by that time.
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