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December 2017 Archives

Stay informed when applying for a credit card

Applying for a new credit card can be a good thing, and it can also be a very bad thing for your debt. The most dangerous debt situations happen when credit card applicants don't fully understand the terms and conditions of the card they are applying for. As such, whenever you receive a credit card offer, you should look closely at the following information before sending in your application:

What can I expect in my Chapter 13 bankruptcy?

If you haven't been paying your credit card bills on time, you might feel guilty about it, or you might just be feeling the financial burn of what's happening to your debt levels. Things are probably getting so out of control that you can't even think about the prospect of ever paying your bills off because it's just not possible with your income levels.

Are your credit cards costing you over $1,000 annually?

On average, 50 percent of Americans carry monthly credit card balances. Even worse, the average amount of this credit card debt is $15,654. This is putting a significant financial strain on the American economy and on individuals and their households.

Tips for escaping the payday loan debt cycle

Payday loans are a vicious cycle. Many people go to a payday loan center for a quick bit of cash because they can't make ends meet. Then, when their next paycheck goes to paying the loan, and they can't out of this debt cycle, which has been designed specifically to get them hooked.

Is it true that bankruptcies have dropped by 50 percent?

Personal bankruptcies have fallen by a whopping 50 percent. Less and less Americans are filing for bankruptcy, with half as many people filing for bankruptcy in 2017 compared to 2010. What's the reason? Many experts are pointing to the Affordable Care Act (ACA), which has helped numerous Americans obtain health insurance who didn't have insurance before.

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