Debt Free in 30

Miss a payment and three separate clocks start running, and they don't all start on the same day. The lender's clock, late fees and interest start the day after the due date. The credit bureau's clock doesn't start until you're 30 days behind. The c...

Rounding up your income or leaving debts off a credit application may help you get approved. But it does not give you more money to repay what you borrow. Learn more about credit and rebuilding your credit score with our free online course after the podcast!

Equi...

If someone asked you right now how much you owe, you'd probably have a number. It's probably low.

Doug Hoyes and Ted Michalos see it constantly: someone says, "I think I owe about $20,000," yet once every debt is listed it turns out to be $40,000 or $50,000. Not because anyone is lying, but because they just don't keep track or understand how fast debt can accumulate....

If you carry $5,000 on a credit card at around 20% interest, keeping that balance can cost roughly $1,000 a year. Making the minimum payment may keep your account in good standing, but it does not mean you are paying the debt off.

Doug Hoyes and Ted Mi...

What does it really mean when you max out your credit card?

A maxed-out card may look like a credit problem, but often the real issue is cash flow: you're spending more each month than you have available, and credit is fillin...