Credit Card Debt

Credit card debt is a common problem in America. If you have credit card debt, we can help you pay it off by showing you how to create a focused, targeted plan. This information will help you learn how to beat credit card debt and start building wealth.

What Is a Peer-to-Peer Loan?

You may have heard of peer-to-peer lending as an alternative way to get a debt consolidation loan or other type of loan. But you might not know exactly what it is. And in fact, most people don’t. Peer-to-peer lending is a relatively recent development. It’s a new sector of the lending industry that has been growing pretty quickly and whose…

What Are the Late Fees for Capital One Credit Cards?

Late fees for charges on your credit card sting! Not only are you charged interest on your credit card balance because you did not pay it off within the grace period, but you also have to pay a hefty penalty on top of it. Obviously the easiest way to avoid a late fee is to pay your Capital One credit…

Are You Making These 6 Major Credit Card Mistakes?

Despite great claims to make life easier, credit cards often have a way of making life more difficult. Much more difficult in many cases. Credit card companies make a lot of tempting promises but the truth is: these promises aren’t guaranteed to pan out. Using a card to buy a new gadget gives you the freedom to add material goods…

Years After the Great Recession, Positive Financial Habits Emerge

The past few years have been pretty tough for many Americans’ finances. The Great Recession of ‘08 led to a drastic increase in foreclosures, job cuts for experienced professionals, and a near impossible job market for new graduates. And now, 5 years later, though many are still struggling with debt and worries about future retirement, positive signs are emerging. As…

CFPB Warns Against “True Cost” of Credit Card Promotions

It’s no secret at the ReadyForZero office that math isn’t my strongest subject (though I’m on a mission to never say “I’m bad at math” again). I’m fine with basic math and budgeting, but as soon as I have to start calculating deferred interest, compound interest, and the like, my brain wants to shut down. That’s how just a few…

How 3 Pro Athletes Overcame Extreme Debt

Thanks to my Ohio roots, I’ve always been a huge football fan (Who Dey!). From going to Friday night football games as a kid and all through high school to my ritual of watching football all day on fall and winter Sundays, this is a hobby that I’ll never grow tired of. And for those who aren’t fans, there’s another…

What Is a Credit Utilization Rate?

We recently discussed the sheer volume of terminology inundating the world of personal finance – and now we’re on a mission to bring some clarity to the terms and phrases you may hear on a daily basis. Today’s term? “Credit Utilization Rate” Simply put, your credit utilization rate is the amount of credit you’re using based on what’s available to…

How to Set Up a Debt Repayment Plan

Plans are a good thing. Sure, it’s fun to wing it sometimes like on the weekend or when travelling. But when it comes to debt repayment, a plan will serve you much better than if you just go with the flow. That’s because “the flow” makes it too easy to spend extra money and get pushed off your path toward…

How to Pay Off Your Amazon Card

Did you sign up for one of those can’t-miss offers where you get a free $50 gift card to use at the world’s largest online marketplace in exchange for an approved Amazon Visa Credit Card? It can be hard to turn down, especially since their system is set up to instantaneously give you the credit on a purchase you are…

How to Pay Off Credit Card Debt (Faster)

I know what it’s like to have debt. In fact, it was less than two years ago that I finally paid off the last of my debt. Most of my $14,000 debt was made up of consumer loans and credit cards, so I understand how much it stinks to see your debts being paid down so slowly. It takes hard…