How does closing a credit card affect my FICO scores? Which credit card should I pay off first? Should I pay off debt before investing?
Credit and debt questions are among the most commonly-asked in the area of personal finance and money management. Recently, we brought in credit expert John Ulzheimer (who also contributes a weekly credit column for MintLife) to answer your questions on the topic (the majority of which you asked via our Facebook page.)
You can view one of John’s video answers here, and the rest of them on our YouTube channel.
And don’t forget about our debt reduction contest that could pay off for you – IN CASH. Sign up for the Drop Your Debt Challenge, Mint.com’s contest that pits teams against each other to see which city can most improve its debt-to-savings ratio.
Through April 4, Mint.com users in 10 cities are battling it out for cash prizes and civic pride. Worried that you can’t participate in one of the 10 city teams? Don’t be. You don’t have to live in one of the 10 cities to win a prize. Just ask Christopher G. from Binghamton, New York. He won $1,200 just for signing up – and there are still three more $1,200 sweepstakes prizes to be had!
Sign up now at http://mint.promo.eprize.com/dropyourdebt/.