Category Archives: Credit
Reduce Credit Card Use
According to this recent L.A. Times report – Consumer borrowing increased at an annual rate of 10% in November,the largest jump in a decade… Outstanding credit card debt increased 8.5% in November… (emphasis, mine) It appears that folks are using credit cards more than ever – and outstanding balances are increasing. For more than seven [...]
Over 8 Million Users Stopped Using Credit Cards In 2010
According to a recent press release from credit bureau TransUnion – TransUnion’s analysis estimates that more than eight million consumers stopped actively using bank-issued, general purpose credit cards over the past year. This deleveraging is believed to be due in part to charge-offs in the higher risk segments of the population, more conservative spending in [...]
How To Eliminate Credit Card Debt
1. Create a list of your credit cards. Include account balances, interest rates, due dates, and minimum monthly payments. 2. Make minimum payments to all credit cards, on time. 3. Make an additional payment to one of the cards on your list. If you make an extra payment to the account with the smallest balance, [...]
No Longer Focusing On Credit Cards
It’s been several days since I last posted an article here at No Credit Needed. I could easily blame my life, which has been hectic and filled with much to do, but I won’t. I could also blame writer’s block, but I don’t have it. Instead, just like every other article I’ve ever written, I’m [...]
