Personal finance news - CNNMoney.com Updated : Keeping wealth in the family Lisa and Bruce Brown are fortunate enough to have plenty of assets to protect. Foremost of these is their children: The Browns are the proud parents of four-year-old Emma, and they have another baby on the way. The Oakland couple also have considerable assets of the financial variety. Thanks to diligent saving and smart property investments, the Browns have a net worth of nearly $2 million. Publ.Date : Wed, 31 Dec 2008 13:09:06 EST Macy's reports overcharging customers Some Macy's stores overcharged holiday shoppers who used debit cards to make purchases on one of the busiest shopping days of the year. Publ.Date : Fri, 02 Jan 2009 15:27:22 EST Life after a six-figure salary Happy new year and welcome to your new job. One that pays 30%, 50%, 70% less than your old one. Publ.Date : Fri, 02 Jan 2009 06:26:42 EST RSS Software Increase Web Traffic

Credit Card Offers Online Home Page

Tips to manage credit card debt:

Many people are in the habit of just paying the minimum payment on a credit card debt every month to maintain their credit. The interest charges are so high on a credit card debt that repayment of the debt becomes a huge burden.  Below are some tips to manage debts and thus avoid a huge interest burden on a credit card debt. 

•     Make a list of all debt payments on various credit cards as well as other forms of debts, such as store purchases, car loans and the like. List them with high interest debts at the top. First pay off all small amount debts and at the same time pay the minimum on the high interest credit card debts.

•     Try to make a higher payment every month by controlling other expenses. This would greatly reduce the total interest paid and the time period by which the debt is fully repaid.

•     Once a credit card debt is cleared, just cancel it. Having a credit card on hand always tempts one to spend unnecessarily. Go to the next high credit card debt in the list. Continue making payments in the order listed and cancel as many credit cards as possible after paying off the debt on them.

•     Do not transfer credit card balances on a new credit card. The credit rating suffers because of this as the eligible credit against your name will be the sum total of the old and new credit cards limits. Even if you decide to cancel old credit card, study the introductory interest rate on the new credit card. Do not find yourself in a high interest debt after the introductory period is over.

•     Obtain a copy of your credit report and study carefully for any errors. Check for progress after making regular monthly payments.

•     See where you stand on your credit score. If it is less than 750, make all efforts in controlling expenses and making more payments on debts to reach a score more than 750.

•     Budget all your expenses. First determine what you get and then decide what you want to spend.

•     If you are living in your own home, never consider raising a loan against equity on your home. Because, if you fail to repay the debt, you may be in deep trouble. Do not get tempted by the very low interest on equity loans.

•    Seek advice from close friends, relatives, credit counseling services or from professionals.

Links to various internet sources that give information on debt consolidation loans, home equity loans, car loans, mortgage loans, personal loans, credit cards online and credit reports are given in this website. Click through these links and understand the terms and conditions before applying for any of these loans, credit cards and credit reports.