Understanding Credit Card Cancellations
Finding out your credit card has been canceled can be frustrating, embarrassing and worrisome.
Unfortunately, tough economic times may mean card cancellations become more common and more likely in the coming months.
Why Credit Cards Matter
Hopefully, you already know that your credit score is a number calculated through a formula developed by the Fair Isaac Corporation (FICO) [...]
A Time for Credit Cards?
For most Americans, the allure of credit cards can lead to a financial trap. Credit cards make purchasing easier—but can make responsibility harder.
Credit card spending often brings freedom today while impacting your future. Whenever you buy with credit, you’re promising your future income today. And if you’re buying things that don’t increase in value, that [...]
Universal Default Clause—Just another Trap
Since most of us enjoy spending at least some of our time griping about credit card companies, here’s a little something to get you going—it’s called the Universal Default Clause.
As if getting approved for a credit card isn’t hard enough these days, credit card companies actually have a way to make it harder for you [...]
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What It Takes to Get a Debt Canceled (or Reduced)
If you’re struggling with credit card debt, you’re certainly not alone. Research indicates that more than three-quarters (78 percent) of American households have at least one credit card, and among this group, the average debt is more than $10,000.
While credit card debt can be a significant financial burden no matter what the national economic climate, [...]
The Search is Over…
Internet Users want to know How to Get out of Debt
One of the most popular internet searches today is how to get out of debt. What does this tell us? It tells us that out of the millions of people searching Google for answers each day, more and more of them are falling into debt [...]
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Christmas Shopping and January Bankruptcy
As we approach the Christmas holiday season, I want to remind my readers of two things. First and foremost, I want to wish all of my clients and blog readers a happy and healthy holiday season. Financial struggles will come and go but if you have your family and your health, not a whole lot of other things matter.
Credit Card Debt Bankruptcy – Stop Credit Collectors From Calling You Day in and Day Out
By Brian Prinz –
In spite of your recent financial state, banks have the lawful permission to go to court if you do not repay the balance you owe to them. The company will most possibly endeavor to resolve with you beforehand going to court, but they can choose that if you settle not to [...]
Does Your Address Affect Your Credit Limit?
A recent report from msnbc.com suggests that your state of residence could affect your borrowing capability. A California man reportedly received a letter in the mail from one of his creditors informing him that his credit limit had been cut – simply because he lived in California
Since the economic crisis began more than a year [...]
Rebuilding Credit After Bankruptcy
By Shawn Stephenson -
Clearing up your credit history after bankruptcy can be a long and difficult process. Though it may seem like a daunting task cleaning up your credit after a bankruptcy is not impossible.
One of the first things you should do to start repairing your credit after bankruptcy is to pull your credit report. [...]
Your New Credit Card Rights, Part 3
Credit card companies have been abusing their cardholders for years, encouraging them in bad credit habits and recouping tons of money in fees. In an attempt to curb these practices, President Obama recently passed the Credit Card Accountability, Responsibility, and Disclosure Act (also called the Credit CARD Act, because legislators can be clever too).
The [...]