Have we bounced back from the Great Recession? Written by Maryalene LaPonsie August 16, 2013With the Great Recession behind us, Americans seem to be opening their wallets once again. According to the Federal Reserve, consumer credit went up in May by an amount not seen in a year.
While robust spending may be good news for the economy, it remains to be seen whether it is a positive for [...]Posted in:Credit Card Debt / Settlement
The surprising reason some people have credit card debt Written by Maryalene LaPonsie March 1, 2013Every month, about four in ten households get a bill for credit card debt they will not pay off. That's according to a 2010 Survey of Consumer Finances conducted by the Federal Reserve Board.
Stereotypes abound for these families. Typically, we think of them as people who, for whatever reason, are on the brink of bankruptcy. [...]Posted in:Credit Card Debt / Settlement
Credit Card Debt: You Can Run, but You Can't Hide! Written by Joe Taylor June 16, 2010Their voicemail messages can sound so intimidating. "This is Mr. Stevens. I have a very urgent business matter that needs your immediate attention. Call me back before six o'clock today at 1-800"
Debt collection agencies hire people that can sound and act like the scariest people you've ever met, which makes hiding from them sound like [...]Posted in:Credit Card Debt / Settlement
2 Things to Learn From Lindsay Lohan's Credit Card Crisis Written by Beverly Blair Harzog April 20, 2010You'd think being rich and famous would leave you with enough money to make your credit card payments. But I guess if your credit card bill is for more than a half million dollars, it's hard to find the cash.
RadarOnline.com reports that Lindsay Lohan owes around $600,000 on her credit cards. Apparently, one card has [...]Posted in:Credit Card Debt / Settlement
Are you ready for your close-up? Written by Beverly Blair Harzog March 19, 2010If so, you could be the next credit card star!
Here's how: GetRichSlowly.org is sponsoring a fun video contest. There are three categories: personal finance tips, success stories, and a website award. The best video in each category wins $500. But that's not all. There will also be ten runners-up in the personal finance tips and [...]Posted in:Credit Card Debt / Settlement
5 Hot Credit Card Offers for the Summer Written by Curtis Arnold June 29, 2009Even though it seems like major banks have been rolling up the red carpet instead of rolling it out for new customers, I found a handful of money-saving deals for savvy credit card users. Even in the midst of the credit crunch, there are still some real jewels out there and these are among my [...]Posted in:Credit Card Debt / Settlement