If you tightened your belt and cut down on your spending last year, it seemed to make sense to cut loose in December and buy holiday gifts, decorations, and other goodies with your credit card. Now, you have a post-spending hangover. Wincing won’t make it go away, though, and come the first week of February [...]
Archive for the ‘Debt Reduction’ Category
While it’s true that you can’t borrow your way out of debt, that doesn’t mean that you can’t use credit cards to help dig yourself out of a financial hole. The trick here is to apply for and use balance transfers to reduce your interest rate, ideally all the way to zero.
How it works
Start by [...]
Good morning and welcome to the 135th Carnival of Debt Reduction.
Before we jump into the carnival itself…
If you’re new to Credit Addict then welcome! If not, then welcome back!
For those of you that aren’t familiar with Credit Addict, this site is an outgrowth FiveCentNickel. It was launched just three and half months ago, during which [...]
Have you ever been tempted to take advantage of an interest-free offer from a retailer? Just think… You’ve saved and saved for that new bedroom set, and now they’re offering you a chance to leave that money in your high-yield savings account so you can keep earning interest for 12 (or more) months while enjoying [...]
‘Tis the season… To start paying off your holiday bills, that is. According to a recent AP news article:
Even before the 2007 holiday spending season began, Americans added more than $50 billion to their credit cards in the first 10 months of the year to reach a record total of $928.5 billion in October, according [...]