Archive for 'Debt'
Credit Card Usage Continues to Decline
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Mar 11 - According to the Federal Reserve, consumer borrowing rose to $2.456 trillion in January. But what's surprising is that this increase occurred despite another drop in credit card loans.
New Credit Card Statements Could Help Consumers Decrease Debt
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Mar 04 - The new credit cards statements can help you pay off your credit card debt faster by showing you how long it will take and how much extra interest you'll pay if you only send in the minimum.
Abused by a Debt Collector? Get a Free Lawyer
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Mar 03 - Just because you owe money, doesn't mean debt collectors can treat you like a doormat. If they are, you might be able to turn the tables with a free lawyer.
4 Ways to Escape from Debt Prison
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Mar 02 - The most popular ways people deal with their debts and how to figure out which will work best for you.
Before The Credit CARD Act, A Pound of Flesh
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Feb 25 - No, it wasn't your imagination. Your bank probably did raise rates and fees prior to submitting to the consumer protections enacted by the new law that went into force on February 22, 2010. And when you see the details, your blood will boil. Especially in light of the fact that taxpayers bailed out some of the same institutions now sticking it their customers.
Debt Settlement Company Bites Back
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Feb 23 - Debt settlement is a controversial technique to pay less than what you owe. Read this recent email exchange between me and the owner of a debt settlement company and you'll see what I mean.
Throwing a Recession-Buster Cocktail Party
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Feb 20 - Instead of dining out in a bar or restaurant and sharing appetizers and a big bill, bring the party home and ask guests to share their favorite "small plate" while you serve up cocktails.
Citi Adds $60 Annual Fee to More Credit Card Accounts
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Feb 19 - One week before the CARD Act goes into effect, Citi has added an annual fee to more accounts on many of its popular credit cards.
I Paid the Collection Agency, But the Negative is Still On My Credit History!
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Feb 18 - Don't ever be persuaded to pay past due accounts without getting an agreement from the creditor or collection agency to remove any negatives from your credit history!
Viewer Question: If I Settle a Debt, Do I Have to Pay Taxes?
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Feb 15 - Most people don't realize it, but when you're unable to pay your bills, you've got more to worry about than damage to your credit score. Because your creditor's not the only one involved when you avoid repaying part or all of a debt through debt settlement, foreclosure or any other sort of forgiveness. You've also got Uncle Sam to worry about.
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