Students with outstanding student loans, homeowners with unpaid mortgages, and people who exceeded their credit limit while shopping all know the fear of accruing debt. If you’ve heard the horror stories of property being seized , debtors being arrested, and people going bankrupt trying to pay off their debts, and you may be terrified that  … Read more

When you decide to apply for a credit card, there’s a lot of fine print to read through. You’ll find information on the promotional time period, APR, annual fees, and more – but you might miss the information about universal default.  A Closer Look The term “universal default” refers to a commonly practiced credit card  … Read more

People often believe that if they only made more money, they wouldn’t have to worry about credit card debt. However, a recent story in the Wall Street Journal proved that this is not necessarily true. The story featured a website content controller who was making $200,000 a year and, even after declaring bankruptcy in 2005,  … Read more

If you are considering filing for bankruptcy in Texas you may have heard that it is good idea to stop making payments in the months leading up to your filing. Don’t do this. Purposely defaulting on your payments prior to filing for bankruptcy could prevent you from getting the help you need. Here’s why: Credit  … Read more

The average American family carries $5,000 or more in credit card debt. While this may not sound like an alarming number, credit card debt is one of those things that quickly slide out of control if you aren’t  careful. For  many people, their credit card is a financial tool for improving their profile; for others  … Read more

The Federal Trade Commission fields numerous consumer complaints each day about the debt collection industry. As they work to clean up some of the riffraff some companies are finding themselves under a mandatory shut down. Violators Not Tolerated The FTC has outlined rules that debt collection companies must follow in the Fair Debt Collection Practices  … Read more

If you are dealing with a financial hardship preventing you from making your debt payments you are likely to experience the harassing calls of a debt collector. While they do have some rights in contacting you to collect on a debt, there are many practices that are prohibited. Here are a few of the most  … Read more

Many people are under the impression they can  manage their debts on their own. While some people can be successful reducing their debt burdens, many fall into one of the several traps lurking in the debt relief industry. Working with a debt relief professional seems like the safest bet for finding reliable solutions to your  … Read more

Not all debt is bad debt, but it certainly can be when balances become too high or financial hardship strikes. One way to go about resolving issues surrounding debt repayment is negotiation. As you may well know, or could have at least guessed, lender negotiations aren’t that easy. How To Negotiate Some people will advise  … Read more

If you are a college-educated American between the ages of 23-30, it is quite likely you have some amount of student loan debt still remaining on the books. The good news is that there are a few different ways to repay and negotiate debts. Here is a quick look at a few of the debt  … Read more