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Credit Card Debt Archives

Ready to pay off your credit card debt? Do this first

This summer, American consumer credit card debt rose to a whopping $1.02 trillion. As difficult as that amount of money is to conceive, it's enough to know that it's a monster-load of debt. Thinking about all this debt may also inspire you to think about how much debt you currently have rolling over on your credit card statements each month.

Mark Cuban talks about his past struggles with credit card debt

It's hard to imagine, but even billionaire Mark Cuban from the popular show "Shark Tank" has suffered from problems with credit card debt. Cuban, who achieved billionaire status in 1998 when he went public with his online streaming company, Broadcast.com, said that he suffered from money problems in his 20's.

Here's what debt collection agencies cannot do

There are laws that govern what debt collection agencies can and cannot do in their attempts to collect debt from you. If a debt collection agency violates one of these rules -- especially if it violates it repeatedly -- borrowers may be able to pursue legal claims against the agency. Here is a list of the actions that a debt collection company is prohibited from doing:

Want to get out of credit card debt? Stop doing this

Some King County residents spend their entire lives chasing after their credit card debt. It's a problem that many Americans are facing as our nation's credit card debt remains exorbitantly high. In fact, can you believe that the average American family holds credit card debt amounting to over $8,377?

3 tricks for responsible credit card use

Now that you're well on your way to resolving your credit card debt, it's time to start considering strategies that will help you never get into this problem again. This article will cover three simple things you can do to stay financially responsible and avoid spending money that you don't have.

A 3-step process to getting out of credit card debt

We all want to get out of credit card debt, but the idea can seem daunting. There are some things that you can do, however, which will help you get out of debt over time. The following three-step process can work, if you have a steady income, if you're diligent and if you stick to the process without wavering over time.

Why you should use your tax return to pay your credit card debt

If you are like many Americans, you probably have some amount of credit card debt that you're carrying, and you need to make payments on that debt every month. If something happens that results in a break in your income, you could find yourself in serious debt trouble fast.

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