Credit

The Coming Credit Card Debt Apocalypse

At the worst possible time for millions of Americans struggling to feed their families and maintain their residences amidst a still stifling post recessionary economy — much of the United States still besieged by ruined markets and bleak financial indicators — the multinational banking conglomerates effectively controlling credit card debt accounts within this country have […]


Benefits And Drawbacks Of New Credit Card Debt Laws

Although there hasn’t been nearly enough time for the effects of the Credit Card Accountability Responsibility and Disclosure Act — passed into law by the Congress of the United States of America in the late spring of 2009 (and implemented the beginning of last year) — to be properly assessed, commentators and pundits have nevertheless […]


Are you using the wrong credit card?

You may be thinking a credit card is a credit card, so there’s really no difference between two squares of the same plastic. This cannot be farther from the truth. Credit cards, like anything else in life, have a certain quality to them and your current card may be completely wrong for your lifestyle and […]


A College Freshman’s Guide To Credit Card Debt

When surveyed about the reasons that they first take out a credit card, college students inevitably rank a concern for credit scores as their primary motivation, beating out even convenience and protection in case of emergencies.  To a degree, of course, this is utterly specious, and we would expect our most responsible and ambitious young […]


New Government Watchdog Group Monitors Credit Card Debt Companies

Although the legislation empowering the Consumer Financial Protection division of the federal government won’t formally take effect until the third week of July, the largest corporations issuing credit card debt accounts have already started making changes to their policies in anticipation of the coming industry wide upheaval.  Thus far, while waiting for their formal mandate […]


The Economy and Personal Debt

The UK economy appears to have finally escaped the spectra of recession, but growth remains low.  The latest snapshot from the National Institute for GDP indicate a slowdown in month on month growth, which it said showed a “picture of continued weakness in the UK economy”.  Austerity cuts, increasing energy bills and higher fuel costs […]


Credit Card Defaults Hit New Low

Five out of six major credit card providers in the US have reported further reductions in credit card debt. Overall credit card debt stood at $785 billion at the end of March, according to the Federal Reserve. Figures for April show only Bank of America with increasing debt balances with approximately 1 in 12 in […]


Protecting Your Credit During and After a Divorce

A divorce will, most likely, affect every aspect of your life. Unfortunately, your finances are not excluded from this. While many people understand that the legal proceedings of a divorce can add up quickly, some neglect to consider the other financial complications that arise due to a divorce. If you are like most couples, you […]


New Limits On Credit Card Debt Spending

In this age of credit card debt relief nightmares, when so very many Americans find themselves in the position of begging lenders for debt settlement negotiation just to avoid bankruptcy, it seems a tad silly that anyone would spend time worrying over what they can’t buy through card accounts, but lending banks have increasingly decided […]


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