Reduce your credit card debt

Every semester credit card companies arrive on campus to entice students with new credit cards and t-shirts, frisbees, stress balls and such. But that t-shirt ain’t free. High interest rates and fees are enough to pay for all that chachka and then some. If you are juggling multiple credit cards, this debt calculator helps you to reduce your debt load by showing you in what specific order to pay off your debt. Here is a similar PC software download called CreditCardMath that purports to do the same and more. Debtinator , Burn and Spendthrift are MAC applications with a similar function. Online lender, Prosper, may help to secure you a loan at a lower interest rate. Debt to Income calculates your debt/income ratio, Fundable can help you describe a project and collect funds online, and Snowball Calculator helps you to calculate the true cost of a loan. Click NYT prosper article for the New York Times opinion. Also, why not try one of these free personal finance management software from the Consumerist or iCompta for the MAC. Click debt advise to get more advise on how to avoid debt. Watch “Maxed Out” full documentary on how credit cards impose modern slavery on people.

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