The many uses of credit cards come from the priorities of the user. However, in spite of their advantages, credit cards must be used with an air of caution and responsibility. In the case of students, do they need credit cards? Again, it depends. Continue reading
You saw the ad on television. Even more ads are seen online. Surely no one would make such claims if they couldn’t back it up. Otherwise, the government would clamp down, right? Continue reading
Debt settlement companies provide a great opportunity to run your credit report into the ground. In loud, obnoxious advertisements, they promise to reduce your debt by 60 to 80% in a little less than half a year. But their first piece of advice is to stop paying your creditors. Continue reading
Programs are available for credit card debt relief, and their effectiveness varies greatly by provider and type of program. We like to think that the government will bail us out just as they did the banks. However, there is only one government program that addresses credit card debt and it is not a grant. Continue reading
The U.S. Government awards many types of grants, usually for investments on collective social capital; in layman’s terms, a federal grant is awarded to a recipient for the purpose of carrying out a specific objective intended to benefit our nation’s public on the whole. This intent states that grants are not given as federal assistance or as loans to individuals1. Continue reading
Credit card debt is a risk that everyone with a credit card faces at some point. After all, debt is the essence of a credit card. Buy something now, pay for it later. If you’re not careful, you could run up a pretty high tab, and you might not be able to pay it off with one payment. And if you have multiple credit cards with due payments, the cost is only magnified. Whatever you do, don’t panic. Don’t sit there and pretend it doesn’t exist, either. You must take action. Here are some steps you can take to alleviate your credit card debt. Continue reading
Life is about more than just the facts. It’s also about how you communicate certain information. It’s also about collaborating with other people in order to create a solution that works for all parties involved. Emotion and tone can also play factors in a final outcome. When you are working out a debt settlement with your creditors or a third-party adviser, you need to use more than just the bare facts. Two things you might need to be prepared for are having an emotional appeal and haggling. Continue reading
I’ve warned that there are dangers in building up credit card debt. If you rack up a large bill and a lender is tired of waiting on you to pay up, he/she could take you to court. Here, you might come across strange terms like “tort” or “estoppel.” The end result of the case, however, is a familiar term. Continue reading
If you have hired an outside party to do work on your home or on your property, a payment plan might be the last thing you think about. However, getting work done from an artisan can end up seeming like taking out another line of credit. If you can’t pay the outside party for his/her work, not only are you in debt, but the person can legally take hold of your property. Continue reading
The first time I was buried in Credit Card Debt was my freshman year of college. It was my first credit card, and I planned to use its modest limit, exclusively for emergencies. However, Life and my first tuition bill had other plans. I, like so many other Americans, soon found myself in debt up to my eyeballs. It’s a simple fact of life that people are going to have unexpected expenses at the most inconvenient times. We as consumers know this and so do the lenders we turn to. It is important to keep in mind that the credit card industry is a business, and although lenders offer helpful advice, it is crucial to look beyond these sources for solutions to eliminate debt. Therefore turning to non-profits is already a big step in the right direction. Continue reading
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