And if you've alreadyfallen behind on your credit card payments, the repercussions can include the threat of legal action. While being sued is serious, the good news is that there are steps you can take to protect yourself and work toward resolving your credit card debt issues, even in the...
There are clear signs of how pervasive today'scredit card debt issuesare, too. For starters, the average credit card balance isnow nearly $8,000, an indicator of how reliant many people have become on this type of short-term borrowing. And, issues withmaxed-out credit card accountsanddelinq...
Levels of credit card debt are reported for six countries in order to demonstrate a growing crisis for consumers and many potential businesses. Preferences for using credit cards and other payment methods are examined against compulsive consumption using Faber andO'Guinn's diagnostic scale.University ...
While you are taking some or all of these steps to pay off your credit card debt, it’s beneficial to look forways to lower your billsand other living expenses. Doing so may help you free up more money to put toward eliminating your existing credit card ...
Credit card debt doesn’t disappear after death. In most cases, it’s either paid off through the estate’s assets or becomes the responsibility of a joint account holder or cosigner. If an estate can’t cover the debt, the remaining debt may impact beneficiaries and, in certain cases, ...
Depending on your circumstances, you may find it easier to pay your credit card with cash. Learn some different ways to do this, potential pros, and more.
“My debt was substantial thanks to my poor choices in money management. In the past 3 and half years DebtRX has seen me through my mothers illness, a bad break up, and a few relocations. It is because of you that I was freed up to deal with these personal issues by not having to...
While credit cards themselves are not inherently good or bad, they can be a useful tool when used wisely. But issues can arise when balances begin to mount up. Whether it's a result of overspending or unexpected costs outside of our control, credit card debt can be a major source of st...
Learning about your credit card statement can help you understand more about your spending habits, while keeping an eye out for fraudulent charges or errors.
Pay off high-interest credit card debt with a balance transfer A balance transfer is a type of credit card transaction in which debt is moved from one account to another. For those paying down high-interest debt, such a move can save serious money on interest charges if done strategically....