Household Math™: Minimum Payments
by Scott Bilker
Mary has a balance on her credit cards of $10,000.00. The interest rate on that debt is 9.99% APR. Her bank has a minimum payment policy of 2% of the balance or $15 (whichever is greater). If Mary makes minimum payments to this credit card how long will it take her to repay the debt entirely?
10 Things You Should Know About Credit Cards
by Terry Rigg
Maybe these 10 items may answer some questions you have about using credit cards. Make sure to check out the link in #6.
DebtSmart Email Newsletter: 10/22/03
by DebtSmart Email Newsletter
In This Issue; Cool Quote; Letter from the Publisher; I Saved $10,706.50 Debt Daredevil™; Household Math™: Minimum Payments Lost Opportunities; DebtSmart Help Center; Always Check Your Credit Report 10 Things You Should Know About Credit Cards; DebtSmart® Resources; Subscribe/Disclaimer Information
Weekly or monthly payments?
by Scott Bilker
Scott, I have a $6,500 signature loan @ 13.5% APR with my credit union. A friend of mine said I should divide my payment over four weeks. Do I save more to pay a lump sum at the beginning of each month; or does it benefit me to pay equal weekly installments?--Brian
Survey Results: Splitting the bill
by Scott Bilker
I'm sure you've all gone out to diner with friends and have been in the situation of splitting the bill. I usually charge it and the other party has given me the cash. Thus giving me a no-fee cash advance on my credit card. However, it was just brought to my attention that the waitress can split the bill using your credit cards.
DebtSmart Email Newsletter: 10/8/03
by DebtSmart Email Newsletter
In This Issue; Cool Quote; Letter from the Publisher; Circle Magazine Review Weekly or monthly payments?; Household Math™: Early Mortgage Payoff Survey Results: Splitting the bill What about Ben Franklin?; DebtSmart Help Center; Always Check Your Credit Report How to get your children "brand free"; DebtSmart® Resources; Subscribe/Disclaimer Information
Payoff and close?
by Scott Bilker
Scott, I heard you this morning on the radio and didn't get a chance to call in. I had a quick question. Once I pay off my credit cards, does it help my credit to leave that account open, or should I close this account? Thanks. --Nathan
What's in your toolbox?
by Sarah Pond with Michael Angier
Think tools are just for carpenters and plumbers? Think again! Everyone has a toolbox--or SHOULD have.
New or used car?
by Gary Foreman
Gary, My partner and I are planning on purchasing a car. He would like a station wagon and wants to buy it second-hand. I prefer a brand new car. This is a fairly big purchase for us and I very much would like to know what you think.--Nancy
DebtSmart Email Newsletter: 9/10/03
by DebtSmart Email Newsletter
In This Issue; Cool Quote; Letter from the Publisher; DebtSmart Help Center; Payoff and close accounts?; Household Math™: Average Daily Balance; Survey: Splitting the bill New or used car? Always Check Your Credit Report What's in your toolbox?; DebtSmart® Resources; Subscribe/Disclaimer Information
Subscribe FREE and start
finding new ways to save
money and pay off your debt.
"The DebtSmart Email
Newsletter is packed with
cutting-edge strategies for
solving credit problems. I
highly recommend it."--Gerri
Detweiler, radio host and
author of The
Ultimate Credit Handbook
