Download your FREE copies of Excel spreadsheets to calculate how much interest you are paying on loans and credit cards!
About Michael
Michael (The Credit Technician) is a Navy Veteran, real estate investor, entrepreneur, and 9-5 businessman. He has studied business, money, and finance for nearly 20 years. He has personally worked himself out of over $65,000 in credit card debt, learning many valuable tricks along the way. His goal is to help others learn the truth about their credit, including things that the banks don’t want you to know.
Real People, Real Results!
Joe F. had a few credit cards, each with less than $1000 used on them. His total credit availability was $32,000. He opened a zero-interest balance transfer credit card, rolled all of the debt onto that card, and paid down the debt without paying interest. Credit score went up 67 points in about 5-months, and ZERO INTEREST PAID!
Not being able to get above a 700 credit score can be frustrating. Negative accounts will keep you from attaining your goals. Removed two credit cards with negative credit history and the score immediately shot up!
Now with some strategic planning, no more interest being paid to credit card companies!
Some people believe keeping a small balance on your credit cards and paying the interest helps your credit. This proves that it doesn’t!
Interest is simply money in the banks pockets. As soon as Pat M. completely paid off his balances, his score went up over 120 points in 5 months!