Should I Stop Using My Credit for a Certain Time Period before Filing Bankruptcy?

Bankruptcy / Credit and Bankruptcy / Credit Card Negotiation

Should I Stop Using My Credit for a Certain Time Period before Filing Bankruptcy?

Credit card use may be a concern for debtors experiencing job loss or those finding it a challenge to make ends meet. While juggling daily expenses many have a hard time meeting debt obligations. Bankruptcy may be the next step for those who are considering the option. Many consumers understand they should stop using their… Read more »

Credit Crisis / Economy / Managing Your Finances

More Credit Card Companies Exploit CARD Act Loopholes

When the Credit Card Accountability Responsibility and Disclosure (CARD) Act was enacted it was designed to put an end to some of the practices used by credit card companies that negatively impacted consumers.  But now that three months has passed since the CARD Act was signed into law, many debtors are still finding themselves exploited… Read more »

Loans / Mortgages

New Requirements For Credit Card Disclosures

The first phase of the Credit Card Accountability Responsibility and Disclosure Act (aka Credit Card Act) goes into effect February 22, 2010.  The new law will require certain disclosures to all credit card consumers. The following disclosures must be present on every monthly statement sent to credit card borrowers: The total number of months it… Read more »