Pay off $30K in Credit Card Debt Fast

Posted by administrator | 26/09/11 | Tagged Credit Card Debt

Pay off $ 30K in Credit Card Debt Fast
News from Fox Business:

Dear Debt Adviser,
What is the best way to get rid of credit card debt? Due to a job income decrease, I have added to my credit card debt over the last two years. I rarely use the cards anymore. I pay the recommended amount to pay off in X amount of years. So I am paying extra, but it seems like it is taking forever, and I just want to pay them off the quickest way. I have six cards with interest rates of zero percent to 19%, and the total balances combined are close to $ 30,000. I have never had this much debt on credit cards, and it is stressing me out. Please offer some advice.

Another concern I have is when I started to use the cards, my credit limits had been decreased. How does that affect your score compared to getting a personal loan? My credit score is still good to excellent. I do not want to move balances around and pay the transfer fees, as that hasn’t seemed to work for me in the past. Also, a home equity loan is not an option due to…………… continues on Fox Business
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Will consumers be hit with higher prices for credit card purchases?
News from Debtmerica Relief:

The Durbin Amendment to the Dodd-Frank Act was designed to help protect consumers, but may end up resulting in higher costs for making credit card purchases.

The Federal Reserve Board recently capped the amount payment processing networks could charge businesses for accepting debit transactions, but now these networks are likely to boost the…………… continues on Debtmerica Relief
… Read the full article


Creditcard.net Sells for USD $138000

Posted by administrator | 26/09/11 | Tagged Credit Card

Creditcard.net Sells for USD $ 138000
News from Sacramento Bee:

/PRNewswire/ — On September 22, 2011 the domain www.creditcard.net sold for USD $ 138,000 to Australian company Pixel Capital Pty Ltd, owner of a financial comparison site network that includes www.creditcard.com.au and www.creditworld.com.au. With this purchase, Pixel Capital is broadening its portfolio and entering the US financial information web site market.

Based on data from industry news portal DN Journal, Pixel Capital believes the sale of Creditcard.net to be the highest global domain sale for September 2011, the second highest .net sale year to date (behind Cars.net which sold for USD $ 170,000 in June 2011), and the 27th most valuable global domain sale for 2011.

The Australian company’s flagship brand Creditworld.com.au started as one of the first financial comparison website…………… continues on Sacramento Bee
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In pictures: Credit card sculptures
News from BBC News:
BBC News – In pictures: Cain Motter’s credit card sculptures
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