If your bills are piling up, you can't make all of your payments on time and you're thinking about paying one credit card balance with a cash advance from another, LSU AgCenter family economist Dr. Jeanette Tucker says it's time to organize your credit payments and develop a plan for reducing your bills.
Many consumers are under the impression that federal legislation allows them to learn their credit scores. This is one of the myths circulating among the public about obtaining credit histories, according to LSU AgCenter family economics professor Dr. Jeanette Tucker.
Over-indebtedness can lead to stress, family problems, repossessed property, garnished wages, and even bankruptcies. However, options exist to help families manage financial challenges when bills pile up and families are unable to manage them.
The LSU AgCenter offers a computer debt-reduction analysis called "PowerPay" that will calculate the fastest way to repay your creditors while paying the least amount of interest.
The LSU AgCenter and the LSU College of Agriculture