Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

Debt is a problem that comes with a number of consequences. This includes garnishment of your income or bank account. When financial instability makes it difficult to pay the bills and creates concerns about the future, it can quickly lead to the accumulation of credit card debt. When the problem goes unaddressed, creditors and debt [...]

By |2017-12-14T18:41:34+00:00May 1st, 2017|Bankruptcy, Credit and Bankruptcy, Credit Counseling, Credit Tips, Debt Collectors|Comments Off on Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

Credit Card Act Restrictions May Create New Fees

Amid the new Credit Card Act which limits the credit card issuer's most profitable practices, many credit card companies are looking for new ways to generate additional income.  New credit card fees such as annual fees and new banking fees for checking account customers are just a couple of ideas that banks are implementing to [...]

By |2017-12-13T01:40:46+00:00June 13th, 2010|Credit Counseling, Economy, Managing Your Finances|Comments Off on Credit Card Act Restrictions May Create New Fees

Seven Steps To Rebuilding Your Credit After Bankruptcy

Step 1: Start rebuilding your credit right after your bankruptcy is discharged. Many debtors feel that they never want a credit card or any type of debt after they file bankruptcy. While that sentiment is understandable, it is counterproductive to rebuilding credit because in order for a bankruptcy debtor to improve their credit score they [...]

By |2017-12-13T01:51:16+00:00June 12th, 2010|After Bankruptcy, Credit Counseling, Managing Your Finances|Comments Off on Seven Steps To Rebuilding Your Credit After Bankruptcy

Overcoming Your Fears Of Considering Bankruptcy

Being in debt is scary; but having your debts threaten the financial safety and security of your family can be even more scary.  That's why it's not surprising that many debtors have many fears concerning a bankruptcy filing.  Several myths feed into these fears; but the truth is that bankruptcy is often the only chance [...]

By |2017-12-13T03:54:38+00:00June 10th, 2010|Bankruptcy, Credit Counseling, Managing Your Finances|Comments Off on Overcoming Your Fears Of Considering Bankruptcy

Five Signs That You May Be At Credit Card Default Risk

You pay the minimum payment on your credit card.  Paying the minimum payment requirement on your credit card may be a sure sign that you are at credit card default risk especially if you can't afford to pay more than your credit card's minimum payment. You use one credit card to pay the minimum payment [...]

By |2017-12-13T03:55:33+00:00June 8th, 2010|Bankruptcy, Credit and Bankruptcy, Credit Counseling, Economy, Managing Your Finances|Comments Off on Five Signs That You May Be At Credit Card Default Risk

Credit Card Authorized User vs. Joint Account Holder

There seems to be a lot of confusion about the difference between a credit card's authorized user and a joint account holder and debt collector practices aren't helping any. One of the most common but often least heard of dirty tricks of the debt collections industry is going after a credit card's authorized user for [...]

By |2017-12-13T01:41:32+00:00June 7th, 2010|Credit Counseling, Debt Collectors, Managing Your Finances|Comments Off on Credit Card Authorized User vs. Joint Account Holder

Handling Student Loan Debt After Bankruptcy

Student Loan Debt After Bankruptcy Like child support obligations and some types of taxes, student loan debt will most likely survive your bankruptcy filing unless you can prove that repaying them will cause an undue hardship.  So how does a debtor get a fresh financial start after bankruptcy even if they still need to repay [...]

By |2017-12-13T01:52:00+00:00June 2nd, 2010|After Bankruptcy, Credit Counseling, Managing Your Finances, Student Loans|Comments Off on Handling Student Loan Debt After Bankruptcy

Realities Debtors Should Consider Before Settling Debt

With the unemployment rate still above 9 percent, many debtors have found themselves unemployed for one or two years.  Unfortunately for the unemployed debtor, daily expenses remain and can eventually exhaust the debtor's savings, retirement accounts and even cause them to max out their credit cards.  Facing long-term unemployment, depleted savings and mounting credit card [...]

By |2017-12-13T03:57:57+00:00June 2nd, 2010|Bankruptcy, Credit Counseling, Economy, Managing Your Finances, Unemployment - Job Loss|Comments Off on Realities Debtors Should Consider Before Settling Debt

What Credit Card Debtors Should Know About The Statute Of Limitations

Credit Card lenders and their debt collectors have a limited amount of time to sue debtors for failing to repay credit card debt.  In the state of Texas, the statute of limitations for open ended type debts such as a credit card is four years.  A debt collector pursuing a debtor for payment on a [...]

By |2017-12-13T02:10:41+00:00June 2nd, 2010|Credit Card Negotiation, Credit Counseling, Debt Collectors, Lawsuits, Managing Your Finances|Comments Off on What Credit Card Debtors Should Know About The Statute Of Limitations

Bankruptcy Facts: What You Need To Know About Credit Counseling

Any debtor wishing to file bankruptcy is required to take a credit counseling and budget course before they file.  If they do not take the credit counseling and budget course they will not be allowed to file bankruptcy. The credit counseling and budget course is available in English and a number of other languages depending [...]

By |2017-12-13T04:00:19+00:00May 28th, 2010|Bankruptcy, Credit Counseling, Managing Your Finances|Comments Off on Bankruptcy Facts: What You Need To Know About Credit Counseling