Topic 6 of 10
Credit Cards and Managing Debt
Use a credit card without paying interest, build a payoff plan that works, and deal with debt collectors, court papers, and medical bills with confidence.
A credit card can help you build credit, or it can become costly debt. These three lessons show you how to use a card without paying interest, how to make a plan to pay off the debt you already have, and what to do when a debt collector calls or a medical bill arrives. They build on Money Smart for Adults Modules 8 and 9 with worked numbers, a phone script, a sample letter, and current rules for DC, Maryland, and Virginia.
Builds on Money Smart for Adults
- Module 8: Managing Debt
- Module 9: Using Credit Cards
Lessons in this topic
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Use a Credit Card Without Paying Interest
How the grace period works, how to read your statement, why paying only the minimum costs so much, and which card features to avoid.
Completed -
Make a Plan to Pay Off Debt
List your debts, compare the avalanche and snowball methods with real numbers, call your creditors for help, and find debt help you can trust.
Completed -
Dealing with Debt Collectors and Collection Lawsuits
Your rights with debt collectors, a sample dispute letter, old debts, what to do with court papers, and new medical bill rules in DC, Maryland, and Virginia.
Completed