The ticking time bomb in your wallet 💣

How unused credit cards can hurt you [The Penny Hoarder Daily]( [Credit score Under 700? Make these moves ASAP]( [Score Under 700?]( [Make these moves ASAP]( We're wrapping up the second week of our [mid-year financial review]( and we've talked about a lot of ways you can conquer your debt (next week: insurance and taxes!). Here's another: With recent inflation, many people have had to rely on credit cards just to keep up with basic needs. Your credit score may have suffered as a result. If your score has fallen below 700, [we found some companies who want to help](. [Improve Your Credit Health](   [An Unused Credit Card Could Blow Up In Your Face]( Tucking a credit card "out of sight, out of mind" may prevent you from overspending, but it could still land you in financial trouble. We're talking about dangers like a lower credit score due to inactivity and potential fraud. To protect yourself, watch out for these [potential pitfalls of an unused credit card](.   [Should You Still Be Worried About Inflation?]( [Should You Still Be Worried About Inflation?]( The latest news is that inflation might be decreasing. But interest rates remain high, so until those rates actually come back to earth, it's a terrible time to carry credit card debt. If your credit score is at least 620, and you want to go the consolidation route, we found a company that can help you [borrow up to $100,000 to wipe out your credit card debt](. This isn't just hot air — you can save thousands over time by locking in lower interest rates now.   [Need a Debt Payoff Strategy?]( Maybe your mid-year financial review revealed that you don't need a loan, maybe you just need a money buddy or a side gig to get your debt squared away. If your debt is still manageably small, one of these five debt-payoff methods could [work for you](. [From our friends at CableTV.com: Get paid $2,500 to watch 5 movies at the theater]( [7 Resources To Escape Debt You’ve Never Heard Of]( According to recent statistics, there’s a 50% chance you have credit card debt. And as you probably know by now (because we keep harping on it), if you don’t pay it off every month, you’re draining your bank account with painfully high interest payments. Here are seven more resources to help you [break your debt instead of the bank](.   [Money Moves for Regular People]( Most of us don't belong to the wealthiest 1%. The remaining 99% can still build great lives for ourselves and our families. Here are [nine money moves for regular people]( who want to shed their debt and really get ahead.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](