Tag Archives: low interest

Credit Cards: Yes, You Can

Use them responsibly, that is. If you need to put them away in order to get them, do so. If you don’t have them completely under control, follow Miriam’s advice until you do. If you’re going to put them away, it’s not necessarily a good thing to cancel them. Never cancel them when you’re in arrears! That will ding your credit score very quickly. Try to keep them open until they’re paid off. If you can trust yourself not to use them and they don’t have an annual fee, you’re better off keeping the accounts. When you close them, it’s … Continue reading →

Credit Cards: The Best Ones for Debt Transfer

So, you’ve read Miriam’s blog about getting a handle on your credit cards, you’ve asked for a lower rate from the companies you still hold cards with, and now you’re ready for the next step – transferring the debt you do have to zero interest or low interest credit cards. Be forewarned – if you do this and don’t change your spending habits, it’s just a step toward more debt. This is a step in debt reduction, not in increasing your available credit, though it will likely have that effect as well. Unless you’re worried that you won’t be able … Continue reading →