Debt collectors purchase consumer debt for pennies on the dollar. That debt the original creditor attempted to collect from you for several months just may have ended up in the hands of a junk debt buyer. The debt can be anything from a credit card … [Read more...]
Credit cards are generally safer to use for most purchases as they are protected by zero-liability policies and more convenient than carrying cash around. But before you swipe your credit card for your next purchase think about leaving that credit … [Read more...]
By the end of fiscal year 2013, the United States federal government debt is expected to reach over 17 trillion dollars. Debt may be consuming the United States government but it does not have to consume you. Eliminating debt, without … [Read more...]
Money is hard to come by these days, right? Perhaps. But what if you had an opportunity to put some extra money in your pockets without working an extra job? Consumers can ease the economic and recession recovery with free money to supplement their … [Read more...]
Divorce can be stressful and complicated. When you add credit card debt to the equation divorce gets way more complicated. Couples considering divorce or in the process of a divorce must carefully prepare for issues involving credit card debt. If … [Read more...]
The minimum payment on credit cards is the lowest amount of money you can pay on your credit card account each month. Until the year 2004, minimum payments could be as low as 2%. But credit card companies were forced to change under pressure from … [Read more...]
Settling debts with original creditors differs from settling debts with a collection agency. If the original creditor still has the debt, they will more than likely be very happy to deal with you. However, you may not get a huge savings as you … [Read more...]
Question: If I have a credit card debt that is past due and I have not made any payments nor responded to any letters to pay and it has been more than 6 years; is this a stale debt and I cannot be sued for it? Answer: The number of years which … [Read more...]
A debt management plan is an agreement with you and a debt relief provider such as Consumer Credit Counseling Service (CCCS) to repay unsecured debts in full over a period of time. The debt management plan helps consolidate unsecured debt such as … [Read more...]
According to data compiled by CreditCards.com the average credit card debt per household is $15,799. With all the political talk of austerity and getting the U.S. debt under control, individual consumers might want to tackle credit card debt and … [Read more...]
