Have we bounced back from the Great Recession? Written by Maryalene LaPonsieWith 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 [...]
The surprising reason some people have credit card debt Written by Maryalene LaPonsieEvery 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. [...]
Five ways to battle family money stress during holiday visits Written by Curtis ArnoldAAA predicted that about 42 million Americans hit the road to visit with loved ones over the Thanksgiving holiday. That's roughly 11% more than last year, suggesting a few things:Gas prices have gone down
Plane tickets have become easier to get
More of us have solved our family money issues this yearWhile the AAA doesn't [...]
Credit Card Debt: You Can Run, but You Can't Hide! Written by Joe TaylorTheir 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 [...]
Are you ready for your close-up? Written by Beverly Blair HarzogIf 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 [...]
Higher Minimum Credit Card Payments Offer Fast Track Out of Debt Written by Curtis ArnoldIn a recent column for the NY Times, Freakonomics authors Stephen Dubner and Steven Levitt explained the genius behind the concept of low credit card minimum payments. When studied by academics, test subjects who selected their own minimum payments often paid far more than monthly bank statements required. For many years, credit card issuers have [...]
Student Credit Card Debt Rising at an Alarming Rate According to Study Written by Mike KillianEditor's Note: This article is an interview with Dr. Mary Ann Campbell, CFP, an instructor of Personal and Family Finance in the Family and Consumer Sciences Department of the University of Central Arkansas.A recent national study by Sallie Mae, the nation's leading provider of student loans and administrator of college savings plans, found a rising [...]
The Truth About Credit Card Debt Settlement Written by Curtis ArnoldAs an increasing number of people struggle to pay their bills, debt settlement companies are thriving. You can find their ads promising to settle your debts for pennies on the dollar anywhere.
If you’re drowning in debt, those ads can be pretty attractive. But are they for real? And how will settlement affect your credit [...]
Everything you need to know before consolidating debt Written by CardRatings.comDebt consolidation, a popular trend in the world of consumer debt, is it the magic bullet that will effectively rid your life of all problems with credit card debt?
Consolidation can be a great option for digging your way out of credit card debt, but be warned, consolidation is not a magic bullet. Consolidation is a [...]