Category Archives: Credit

Credit Cards On Pause

When my wife and I decided to get out of debt, we did three things. First, we created a simple to use zero-based budget. Second, we established an emergency fund. Third, we stopped using our credit cards. Essentially, we put … Continue reading

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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 … Continue reading

Posted in Credit, Debit Cards | 7 Comments

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 … Continue reading

Posted in Credit, Noted | 1 Comment

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 … Continue reading

Posted in Basics, Credit, Debt Reduction | 4 Comments