Category Archives for "Credit"

Ask Chuck: Financial Concerns for Elderly Parents

Dear Chuck, I don’t know how my parents are going to afford to live their projected lifespan. If they are concerned, they sure don’t live like it. I’m saving and investing as much as I can, but I’m not sure I could adequately come to their rescue. Need Hope Dear Hope, I understand your concern. […]

Ask Chuck: Debt Consolidation vs Debt Settlement

Ask Chuck Debt Consolidation vs Debt Settlement

Dear Chuck, My wife and I are working really hard to get out of debt. We are overwhelmed with 5 credit cards, 2 car loans, student loans for both of us, a mortgage, and furniture that we financed. We now clearly see the mistakes we made and the dangers debt can present. I’ve been doing […]

Ask Chuck: The Truth About Debt

Ask Chuck The Truth About Debt

Dear Chuck, My husband and I are just got married and are realizing the severity of our debt problems. We both just graduated with student loans, car loans, and some credit card debt. Until this point, we honestly didn’t know we should have been spending our money any differently. It was what everyone did and […]

Ask Chuck: Will Closing My Credit Cards Ruin My Credit Score?

Ask Chuck: Will Closing My Credit Cards Ruin My Score?

Dear Chuck, My husband and I fell on rough times and as a result, ended up with a LOT of credit card debt. We have prayed, worked hard, and paid it down as much as we can but still have some left. Together we have approximately 15 credit card accounts but only two have balances […]

Ask Chuck: Can I Use My Credit Card for Black Friday Sales?

ask chuck black friday shopping with credit card

Dear Chuck, I want to take advantage of all the good sales happening for Black Friday but I can’t afford to pay for it all in cash right now. Is it ok to put it on the credit card and pay it off when I get my Christmas bonus? It seems like a waste to […]

How To Use a Credit Card…The Right Way

You may be surprised by this, but I carry a credit card. Many people ask my why I would endorse using a credit card because so many have been led to believe they’re evil and only lead to destruction. I see it this way: credit cards, just like any other form of currency, are neither […]

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