Credit Card Debt

If you have been dealing with quickly accumulating credit card debt, you're probably worried about the future and the implications that not keeping up with repayments might have. It's especially important that you don't simply ignore these types of financial problems,...

Credit cards can be a great asset to have. When used responsibly, they can provide security against purchases, and they can also help to improve your credit score when you show that you are reliable with repayments.However, if you become too dependent on credit cards...

Credit card debt can arise seemingly out of nowhere. If you have several credit cards and you rely on them regularly to purchase daily items, you may start spending more than you earn. If you do not keep track of your spending and don't pay back the minimum repayments...

Credit cards are tools that are primarily designed for convenience. They are intended to only be used by those who can afford to pay them back. However, many people use credit cards as their primary payment method, and they can get into the habit of spending much more...

When a person is struggling financially, they will likely start to depend more on credit cards to pay for their daily expenses. This can be tempting to do, but it can quickly spiral out of control, especially if the person starts to pay for non-essential items such as...

Those with financial struggles often tend to use their credit cards when they are short on funds in their debit accounts. This can become a bad habit and could get out of control over time. If you get behind on your credit card repayment obligations, you may feel...

When used like a debit card, credit cards often don't cause any problems. You just spend less than you earn and pay it off at the end of the month, rather than taking money out at the time of each purchase, as you do with a debit card. It's the same general...

The Credit Card Accountability Responsibility and Disclosure Act (CARD Act) was made a law by the United States Congress in 2009. At the time, it aimed to reduce creditors' abusive or deceptive practices. The Consumer Financial Protection Bureau (CFPB) enforces this...

One of the biggest reasons for credit card debt is a shopping addiction. Someone who suffers from this disorder is compulsive and cannot help themselves. They may know they have a lot of debt and that they can't afford whatever they want, but they buy it anyway.It is...

The interest rate is incredibly important when choosing a credit card. If you cannot pay the balance off every month, you're going to need to pay for that loan -- which is all a credit card is, really -- and the interest rate determines how much it costs. Many people...