Debts that are impacting our quality of life can cause grief among us. Unless a serious problem is at steak, most people fail to contain and reduce debt or even learn how to do so. A number of people that choose not to admit their debt problem for a long time end up regretting it.

Most people don’t want any advice at all, nor do they admit that they have any sort of problem. Debtors often don’t think it is serious enough of a problem to seek advice. A lot of people believe that it is solely their fault and that they should deal with the problem themselves

Although we don’t have credit card debt now, except for 0% APR balance transfers, there were times that we did. We never let our credit cards get completely out of control although we did build up thousands of dollars on our credit cards when I first got out of college…

New credit card rules could mean a tough time getting a new Visa or MasterCard.

The tighter credit card rules imposed by Congress — mixed with a nation swimming in debt — mean credit card companies and banks will become more picky in selecting their card holders, says Valley credit counselor Dean Wegner.

“Right now, they’re looking for quality vs. quantity, going into 2010,” Wegner said.

People getting cards should not expect as many perks as in the past, he said.

It is argued that a lot of debt becomes too much debt for a country when government debt rises above 90% above national gross domestic product. Two economists, Kenneth Rogoff and Carmen Reinhart argue this in their publication American Economic Review and present us with some interesting facts

It is a common dilemma when one must decide if they should stop funding their retirement to focus on paying off debt. There are very few circumstances where high interest or interest of 9%-12% debt shouldn’t be top priority. Double digit interest is very difficult to deal with. If you are dealing with high interest debt, it’s most likely because you haven’t been living within your means.

When the Senate takes up a jobs bill later this month or early in February, the debate will center on whether it really will create jobs and be worth plunging the government tens of billions of dollars further into debt.

Republicans scoff at the “Jobs for Main Street Act” title that House Democrats put on their $174 billion package last

If you owe a lot of money to a few credit card companies and can’t pay it off so fast, there are still some steps you could take to protect yourself. Make an effort to pay off your credit cards as soon as possible.  Cut back on expenses and luxuries so you have extra cash [...]

Despite a national debt that already exceeds $12 trillion, Barack Obama is poised to sign a bill currently working its way through Congress that would raise the debt ceilinganother $1.8 trillion. This would bring the new debt ceiling to almost $14 trillion.

In addition to increasing the ceiling for national debt, Congress is also in the process of passing an omnibus spending bill that will cost taxpayers $447 billion. Included in this omnibus spending bill are over 5,000 earmarks totaling close to $4 billion.

Most Americans agree, credit cards tempt them to buy more. 83% of adults said that credit cards tempt people to buy things they can’t afford according to a Rasmussen reports national …

oll that came from AARP said that the older generation will spend around the same amount this Christmas as they did last year…

Before you consider filing for bankruptcy, it is important you understand the difference between different types of bankruptcy and your reasons for filing. Credit rating is affected and much legality is involved.

Did you know that certain types of debt and financial obligations cannot be discharged when filing for bankruptcy? There are debts that are exempt from bankruptcy laws and you need to pay them whether or not you file for bankruptcy protection.

WASHINGTON – The stress from deepening debt is becoming a major pain in the neck — and the back and the head and the stomach — for millions of Americans.

When people are dealing with mountains of debt, they’re much more likely to report health problems, too, according to an Associated Press-AOL Health poll. And not just little stuff; this meansulcers, severe depression, even heart attacks.

pending less during the holiday season does not mean you will have less fun. Make sure you plan an affordable holiday.

Create a holiday budget. A spending plan is a good start for a cheaper holiday season. Don’t forget to include the cost of decorations, food and gifts into your budget.

Make a gift list and don’t go over your spending limit. Get your gift ideas down on paper before heading out to the shop…

It’s the holiday season, the biggest shopping season of the whole year. It’s this time that many Americans end up with thousands of dollars in credit card debt they cant afford to pay back. Here are some reasons to avoid using your credit card while shopping for the holidays.

If you have a debt on your credit card now, you will only be adding to it. You will spend more money with a credit card because there is no physical sign telling you to stop spending. Try to avoid using your credit card and use some cash you have put aside for holiday shopping. You will pay more with a credit card as well because you pay interest on balance…