Credit Card Debt

The average American has more than $9,000 in credit card debt. While having a credit card isn’t a bad thing, letting credit card debt pile up over time can place an enormous strain on your finances. Take a look at the articles, Q&A’s, blog posts and videos we have linked to this topic for ideas on how to handle credit card debt and your personal finances.

Help Paying Monthly Bills

A person can help pay his monthly bills and avoid over-extension by going into foreclosure, doing a short sale or considering bankruptcy. Q: I will try to make a long story short. I have credit card debt of about $12,000, …

Continue reading

Posted in Credit, Credit Card Debt, Credit Counseling | Tagged , , , , , , , , | 4 Comments

New Year’s Financial Resolutions for 2012

We all should have New Year’s Financial resolutions to help guide us in 2012 and improve our financial health during these financial hard times. Are you tired of thinking about your finances? The Great Recession has had a lasting impact …

Continue reading

Posted in Credit Card Debt, Credit History, Personal Finance | Tagged , , | Leave a comment

Credit Debt, Unemployment Affect Holiday Consumer Spending

Credit debt and unemployment affect holiday consumer spending. Consumer spending this holiday shopping season will be affected by credit debt and unemployment. Holiday shoppers consumer spending habits affected by credit card debt and unemployment this holiday shopping season. Credit card companies say the decrease in holiday consumer spending is creating a “credit winter.”

Continue reading

Posted in Credit Card Debt | Tagged , , , , | 1 Comment

Paying Down Credit Card Debt To Buy A House

If you have substantial credit card debt, you might want to pay down some of that debt before applying for a mortgage to buy a house. The home buying experience can be trying enough, but if you have too much debt on your hands, you might not qualify for a mortgage. You may assume that you should do everything to pay down that credit card debt even if it means using retirement funds to do that. You might be wrong. Using your retirement funds should probably be your last resort when dealing with debt problems.

Continue reading

Posted in Credit Card Debt | Tagged , | Leave a comment

Inheritance Can Help Pay Off Credit Card Debt, Improve Credit Score

If you receive a cash inheritance, one of the smartest things you can do is pay off your credit card debt. By paying off your credit card debt you will improve your credit score by having more credit available. Paying off your credit card debt with a cash inheritance will provide the most benefit to your personal finances.

Continue reading

Posted in Credit Card Debt | Tagged , , , , , | 1 Comment

Credit Card Debt Is Still High Even If They Claim The Recession May Be Over

Credit card debt is still high even as some claim the recession might be over. The recession has affected credit card debt, unemployment, consumer sales and foreclosures, but now one of those is bouncing back. Based on a report from Credit Karma, consumer credit card debt has decreased in the month of July. Decreased consumer credit card debt is a positive sign for the recession, and it is tied to consumer sales, unemployment and foreclosures.

Continue reading

Posted in Credit Card Debt | Tagged , , | Leave a comment

Can’t Pay Credit Card Bills? Try To Use Home Equity Loan

If you can’t pay your credit card bills or your real estate taxes, you may be able to try to take out a home equity loan to get cash to pay your bills. However, home equity loans are increasingly hard to get from banks right now. If you find that you can’t pay your credit card bills and other bills, you might want to consider selling your home and use the equity to pay off your credit card bills and property taxes.

Continue reading

Posted in Credit Card Debt | Tagged , , , | 1 Comment

Credit Card Study Shows Credit Card Comparison For Rates And Fees

A new credit card study compares the rates and fees and best credit card offers from 10 of the leading credit card companies. With the new credit card legislation changing how many of the credit card companies do business, this credit card comparison looks at the credit card rates and credit card deals today.

Continue reading

Posted in Credit Card Debt | Tagged , , | Leave a comment

Credit Card Debts Can Be Sold To Debt Collection Agencies

How long do you owe a credit card debt? If you haven’t paid on a credit card debt for the past five years can a credit card company still sell the debt to a collection agency? What is the statute of limitations for collecting on a debt?

Continue reading

Posted in Credit Card Debt | Tagged , , , , | Leave a comment

Common Credit Mistakes That Lower Your Credit Score

Do you know what kind of credit mistakes are lowering your credit score? Common mistakes may be dragging down your credit score and you may not even know what you’re doing. Keep your credit card balance below 50 percent of your available credit. If you max out your credit cards every month you may be lowering your score. You can also get into more trouble if you run into late payments on your credit cards. Watch this Expert Real Estate Tips video for more common credit mistakes that could be lowering your credit score.

Continue reading

Posted in Credit Card Debt | Tagged , , | Leave a comment