Unless you’ve been living in seclusion these past couple of months you’ve probably heard about the new credit card legislation that will prohibit or limit several of credit card billing practices that are unfair or difficult for consumers to understand.  But let’s take a closer look at one of the most important changes you will [...]

We’ve all heard the saying that those who forget the past are doomed to repeat it.  An article in Investopedia.com highlights the most recent lessons from our recession.  Lisa Smith lists five basic principles that should be garnered from this financial crisis:
1.  Risk matters…but protecting what you have is just as important as trying to [...]

There be sharks out there…and they’re called debt collectors!  As the economy gets tougher and more people default on their credit cards, mortgage loans and other debt obligations, more debt collectors are crossing the line and engaging in illegal debt collection practices. If you are considering bankruptcy and have faced illegal collection actions by creditors, [...]

With the housing market in constant flux, many people are trying to take advantage of “Short Sales” to get into the home of their dreams.  A “short sale” is where the bank or lender agrees to allow a house to be sold for the less than the balance of the mortgage due on the [...]

Charge it! Charge it! Charge it! has become a common American mantra over the past few decades as Americans rack up more and more credit card debt. Now, according to an article at CNNMoney.com, consumers are starting to pay their mounting medical bills with plastic as well.

Bankruptcy offers the perfect opportunity to rebuild your credit score by using credit cards and other forms of debt shrewdly.  Here a few tips on how to master the credit score game after filing bankruptcy.
Tip #1 – Go for the top credit cards and other loan products first.  Many debtors mistakenly believe that once they [...]

Let’s get this straight; you are not personally responsible for the credit card bills (or other debts) of your deceased relatives. As more debtors default on their credit card loans some “creative” bill collectors are seeking out the relatives of deceased debtors and asking that they pay on their dearly departed’s credit card debt. Sometimes [...]

Credit delinquency rates are at all-time highs according to the American Bankers Association.
According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever been seen before.  The mounting number of job losses is seen as a major reason why delinquent payments hit an all time [...]

As credit availability diminishes, credit scammers are having a feast at the expense of many Americans who desperately need access to credit.  One of the most common credit scams is the “advance fee loan.”

The Way It Works

Credit scammers target consumers who are having financial problems, facing foreclosure or delinquent on their credit card payments.  These [...]

As more credit card consumers face job losses, many credit card companies are encouraging credit cardholders to buy involuntary unemployment credit card (IUCC) insurance which will make your credit card payments while you’re unemployed.  Sounds like a sweet deal; but what are the true costs?
Credit card consumers who buy involuntary unemployment credit card (IUCC) insurance [...]

Get bankruptcy information from a qualified attorney.
Everyone likes to learn new ways to save money.  Several web sites are dedicated to groups of people sharing ideas and giving pointers on the latest sales, the best coupon, or how to make family time fun on a budget.  Each of these is chalked full of good advice [...]

Credit card companies are frantically taking drastic actions in their attempt to “work around” the new credit card legislation that will restrict their ability to randomly raise interest rates and hit credit card consumers with surprise fees.  Already credit card consumers are beginning to scream foul. An article in the NJ featured a distraught credit [...]