consolidate debt

Credit News & Current Events

2017 New Year’s Resolutions That Could Help Your Credit

New Years is the perfect time to start fresh – change those bad habits into good ones and make this year the best one yet. From healthier eating and more exercising to less spending and wiser budgeting, we’ve all made resolutions that we were determined to keep. Unfortunately, many times our determination runs astray and it’s only a few weeks before we end up right back where we started.

One of the main reasons this happens is the “all or nothing” thinking behind our resolutions. We want to lose weight, so we cut out every single tempting food item only to yearn for it even more than we did before. Our body needs more exercise, so we overdo it to such a degree that the muscle pain makes us dread going to the gym. We decide to stop spending our money frivolously, so we don’t make any enjoyable purchases and quickly become resentful.

It’s knowing where to draw the line and how to make resolutions specific enough to provide direction, but also lenient enough to allow us to still enjoy life.

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Financing & Loans, Personal Finance

Paying down debt vs. investing and saving. What’s the right choice?

Everyone’s financial situation is different, so the money decision(s) you make must be based on your current financial condition as well as where you’d like to see your financial status in the future. Sure, there are many rules of thumb when it comes to investing, saving, debt payments and more, but when it comes down to it, any decision you make must be built around your actual financial situation, not what others think it should be or what you wish it was.

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Credit Cards

Should I Transfer My Credit Card Balance to Another Credit Card?

If you’ve been stuck on the credit card debt treadmill for a while, struggling to make anything more than the minimum monthly payments, you’re probably looking for a way out. Maybe at some point this brilliant idea occurred to you (maybe it was in the middle of the night and it came to you in a dream and you shot straight up like they do on TV and said it aloud): “I know what I’ll do! I’ll pay off my credit card with another credit card.”

Yes, you can use one credit card to pay off your balance on another — though it isn’t all that simple and comes with a few caveats.

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