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
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
Everything you need to know before consolidating debt Written by CardRatings.com October 10, 2005Debt 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 [...]Posted in:Credit Card Debt / Settlement