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…
Thanks for visiting the Settlementmax blog. Please subscribe to our RSS feed. Plaintiff claims she was falsely branded as a Colombian drug dealer Shannon P. Duffy The Legal Intelligencer August 20, 2010 In a significant setback for credit reporting agencies, the 3rd U.S. Circuit Court of Appeals has ruled that consumers have the right to [...]
Chicago Tribue | Business By Humberto Cruz, Tribune Media Services A California woman deep in credit card debt turned to a debt settlement company that immediately began deducting money from her bank account for its promised services. After three months, the woman started getting calls from her creditors and learned they’d never heard from the [...]
David Ingram The National Law Journal BP PLC on Monday named two lawyers to serve as trustees of the planned $20 billion fund for oil spill victims, on the same day the company announced an initial payment to the fund. The two trustees are Kent Syverud, dean of the Washington University School of Law in [...]
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.
