10 Step Plan for Debt Elimination

Posted by Madison on July 10, 2008

I recently asked readers how to help my friend payoff his debt. I highlighted some of the responses in 7 Ways to Payoff Credit Card Debt. Here’s the situation that he is dealing with (see the story for all the details): Personal Line: $3,500 balance @ 15% – $7,000 limit Credit Card #1: $2,300 balance […]

Continue reading…





7 Ways to Payoff Credit Card Debt

Posted by Madison on July 3, 2008

Last week I brought up the story of a friend that needed help paying off debt. There were lots of great responses with different ways to get rid of the debt. A recap of the situation (see the story for all the details): Personal Line: $3,500 balance @ 15% – $7,000 limit Credit Card #1: […]

Continue reading…





Help a Reader Payoff Debt

Posted by Madison on June 24, 2008

Last night I got a call from a friend looking for some financial help. He has $14,300 in debt and has a goal to be debt free by November. Before I put together a plan for him, I’d like to hear what you have to say about it! Debt Details Here are the details of […]

Continue reading…





What is Credit Card Arbitrage?

Posted by Madison on June 19, 2008

That’s what a reader, Maha, wanted to know. Maha sent me a note to let me know that trying to find out exactly what credit card arbitrage is all about, is like reading the middle part of the book without being able to find the beginning. So I’ve realized that I talk just like I […]

Continue reading…





Free FICO Scores & Credit Reports

Posted by Madison on June 6, 2008

When we were getting ready to refinance our house I had a list of things to get in order first. I wanted to be sure that we would pass the lender’s underwriting guidelines with flying colors. I’ve found that it’s much easier to get something fixed before applying for a new loan, than trying to […]

Continue reading…





0% Balance Transfer Credit Card Offers

Posted by Madison on May 16, 2008

This list is updated regularly with the best no annual fee 0% balance transfer offers.





Credit Card Arbitrage Q&A

Posted by Madison on May 15, 2008

It’s credit card arbitrage turnover time! Wow, that is a mouthful. If you aren’t familiar with my credit card arbitrage here is some background information: Our Credit Limits: Over $1,000,000! Reallocating Credit Limits for Bigger Balance Transfers When Does the 0% Credit Card Really Expire? My cards are nearing the end of the promotional periods […]

Continue reading…





Cash Rewards Credit Cards

Posted by Madison on April 4, 2008

Here is a comprehensive list of cash rewards credit cards. This list is updated regularly with offers for cash rewards credit cards. Why not earn cash rewards on your credit card purchases? Here’s a few of the cashback credit cards that we use. In addition, I’ve added some others that looked promising so you can […]

Continue reading…





Save Money at the Pump: Gas Reward Credit Cards

Posted by Madison on February 27, 2008

In my quest to sell my current car and buy a new car I’ve identified one of my criteria as good gas mileage. Meeting this criteria doesn’t eliminate the need to buy gas however! Save Money on Gas That’s where we’ve found that cashback credit cards come in handy. In Leaving Money on the Table […]

Continue reading…





Reallocating Credit Limits for Bigger Balance Transfers

Posted by Madison on February 19, 2008

One of the reasons our credit card arbitrage is successful is the large credit limits that we have on some of our cards. While I was flattered that Steward thinks we are filthy rich to have such high limits, they are actually due to careful planning and some simple strategies.