When you’re being contacted by phone, email and letter by debt collection companies or your creditors, it’s a scary situation. The easiest thing to do is to try and ignore the problem and not respond. It can feel like too big of a task to try and tackle. However, that...
Using credit cards is often seen as something that is just convenient. It’s easy to carry a card around and have access to a line of credit that can buy anything that you need, but you don’t have to bring cash with you everywhere that you go. This is also seen as a...
When you start using a credit card, you're not necessarily creating financial problems for yourself. Many people use their credit cards every month, running most of their purchases through these cards. Things like mortgages often can't be paid on a credit card, but...
When you miss a payment or send it in a couple of days late, your lenders profit from your mistakes. They will charge you fees, which sometimes lead to additional fees. An account very close to its maximum account balance could go over due to interest charges and a...
To the unwary, a credit card can seem like a gift that keeps giving. Yet as many people find out, it can soon become something that keeps taking. Financial experts predict that credit card companies are about to start taking even more if you have outstanding debt. Why...
You owe a lot of money on your credit card. Maybe you had some unexpected bills that you had to pay, and charging them to the card was the only way to do it. Perhaps your spouse has been spending frivolously. No matter how it happened, you realize that you're not...
Having several credit cards can help you balance your budget. Different due dates and reward bonuses allow you to use targeted financing solutions for purchases. Unfortunately, if the balance on one of your accounts gets too close to the limit, you may not be able to...
Each January, thousands of people open their credit card statements with trepidation. Some don’t even open them for fear of the bad news inside. It is easy to spend too much in December. People expect presents, colleagues and friends expect you to join them on nights...
Stats show around 45 million Americans have student loan debt and 11.1% are in default by 90 days or more. If you have outstanding student loan debt in East Orange, New Jersey, you may get calls from collectors. However, you have rights under the law and options for...
Economic dips and changes impact many areas of consumer finance. While home mortgage rates may drop, credit card interest rates could still be on the rise. Studies show that the average consumer has between five and nine open lines of credit, including revolving lines...
