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Posts tagged "credit card debt"

Have you ever thought what a debt-free life would be like?

Imagine you're paying $600 per month in credit card bills. You're living paycheck to paycheck and struggling to make ends meet. Sometimes, you've got to put a little bit more on your credit card to make it through the month. But what if you didn't have that $600 credit card bill? What if you could make it disappear?

Millennials are terrified of credit card debt

The website Credible recently published the results of a survey that questioned millennials about credit card debt. According to the survey results, millennials fear credit card debt more than they fear death. In fact, 33 percent of the youngest generation of adults claims that the scariest part of their day-to-day lives is credit card debt.

Store-brand credit cards are some of the worse that exist

Banks use credit cards as a guaranteed way to make money. They tweak the numbers and the risks in such a way that they will never lose money statistically, and their profits are big. Responsible consumers can navigate the use of their credit cards and benefit from the ease and convenience, but one wrong step and anyone can fall into a spiraling hole of debt -- and that's when the big banks make all their money.

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.

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