Consistent credit card labeling practices: Food for thought

Sunday, December 12th, 2010

In a recent interview, Elizabeth Warren, an advisor to the Obama administration slated to head a new federal consumer rights agency, noted that she has received numerous suggestions for providing consistent regulation and guidelines for overseeing consumer credit and lending practices. Citing inconsistency in advertising credit terms and ...

Debt consolidation and credit counseling services: How they can (and can’t) help

Thursday, December 9th, 2010

Struggling with credit card debt can impact all aspects of your life, and it ain’t pretty. Arguments over money and spending, yelling at the kids, receiving unwelcome phone calls at work, these are a few highlights of living life under a burden of debt. What can you do ...

Emergency Fund vs Credit Card Debt: What’s the Top Priority?

Thursday, December 9th, 2010

Is it better to start an emergency fund or pay off your debt as quickly as possible? If you are anything like most human beings, you want a definitive push in one direction or the other. Most financial advisors and ten-year-old kids can tell you which is better to go ...

How Debt Collectors Use Facebook to Harass

Saturday, December 4th, 2010

Many people find themselves in very bad economic situations; this leads to them not being able to pay their monthly bill payments. When people do not pay their bills for a few months their accounts are sent to debt collection agencies to get the creditors their money back. Debt collectors ...

Consumer bankruptcies fall to 9 month low: Don’t buck this trend

Friday, December 3rd, 2010

ABC news is reporting that consumer bankruptcy filings have fallen to their lowest level in nine months. While encouraging, the increased spending associated with the holiday season may offset this trend.  Here’s what you need to know about incurring excessive credit card debt, filing bankruptcy, and avoiding both. Holiday ...