Category Archives: Credit Card Debt

Categories

Credit Card Debt and Retirement Savings

You might be facing a ton of credit card debt, unsure of how you will ever pay it off. You might be considering Chapter 7 bankruptcy. You might also be thinking about dipping into your retirement savings to pay it off. Both options have benefits and drawbacks and it is important for you to be……
Read More


Is it Better to Take a Settlement or Pay off Credit Card Debt?

Dealing with credit card debt is never a fun thing to do. Whether it is small debt from a couple of missed payments or debt that has accrued over time, it is something that can plague you and damage your credit score. Luckily, there are options available to deal with different types of credit card……
Read More


Right Way to Cancel Your Credit Card

You might think canceling a credit card is as easy as cutting it in half or putting it through the shredder. While it might be that easy to physically keep you from using a credit card, there is a lot more that goes into canceling a credit card than just physically disposing of the card…….
Read More


Half of Americans Spend More Than They Earn Per Paycheck

The concept of living paycheck-to-paycheck is not a new one. It’s been a statistic in the public eye for quite sometime. But according to a new study form the Center for Financial Services Innovation (CFSI), nearly half of all Americans of all ages say their expenses meet or exceed their income. A closer look reveals……
Read More


American Credit Card Debt Reaches $1 Trillion

As of April, Americans have reached over $1 trillion in credit card debt. This comes out to about an average monthly balance of $9,600. The increase in interest rates are keeping Americans in debt longer, particularly in cases where a debtor pays only the minimum balance. Debtors who only pay the minimum balance on their……
Read More