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Credit Cards
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
What Is Considered Bad Credit? Different lenders have different standards for what bad credit is, and the number is more important than the label that goes with it. The numbers…
Everyone knows the pitch. You’ve spent half an hour trying on clothes off the rack at a shopping mall department store, found three shirts that look perfect and take the…
How do you turn $20,000 into more than $42,000? If you’re talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment…
More than one-third of college students say managing a bank account is a major cause of stress. Also, 12% say they never check their bank account balance because it makes…
The soaring popularity of prepaid cards will be put to the test over the next year as providers adjust to new regulations handed down by the Consumer Financial Protection Bureau…
Ric Edelman, a financial adviser who is a best-selling author and syndicated radio show host, remembers the days when everyone rushed to the bank on a Friday afternoon to cash…
Sources:
- Porter, T. (2018, November 17) American Household Debt Is Nearly a Trillion Dollars Higher Than It Was Before the 2008 Recession. Retrieved from https://www.newsweek.com/american-household-debt-nearly-trillion-dollars-higher-it-was-2008-recession-1220615
- Richter, W. (2018, November 20) Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks. Retrieved from https://wolfstreet.com/2018/11/20/subprime-rises-credit-card-delinquencies-spike-past-financial-crisis-peak-at-smaller-banks/
- Saad, L. (2018, May 3) Paying for Medical Crises, Retirement Lead Financial Fears. Retrieved from https://news.gallup.com/poll/233642/paying-medical-crises-retirement-lead-financial-fears.aspx
- N.A. (ND) How do credit missteps affect FICO Scores? Retrieved from https://www.myfico.com/credit-education/faq/negative-reasons/effects-of-credit-missteps
- N.A. (2018, March) Debt Collection FAQs. Retrieved from https://www.consumer.ftc.gov/articles/debt-collection-faqs
- N.A. (2017, July 12) What should I do if I can’t pay my credit card bills? Retrieved from https://www.consumerfinance.gov/ask-cfpb/what-should-i-do-if-i-cant-pay-my-credit-card-bills-en-1697/
- Konsko, L. (2018, January 18) What Should You Do If You Can’t Make Your Credit Card Payments? Retrieved from https://www.nerdwallet.com/blog/credit-cards/cant-make-credit-card-payments/