Recent surveys have shown that 60 percent of employers are using credit scores as a means of weeding out new hires. With the job market still slow many employers are receiving more resumes than they have positions to fill. This has created an environment where companies can become even more picky about who they hire. [...]

Are You Liable for Credit Card Debt In A Business Bankruptcy? When a Limited Liability Company (LLC) files Chapter 7 bankruptcy generally speaking the owners of the company are not held personally liable for debts held by the company.  An LLC, like a corporation is considered a separate business entity from the owners. But there are [...]

Limit The Usage Of Credit Checks By Employers Over 60 percent of employers are using credit checks to screen job candidates.  But how effective are they? While some employers say that a job candidate with bad credit may be at higher risk for employee fraud and theft, the truth is that there are no definitive [...]

Marti Deadwyler is a 64-year-old living with her retired husband.  Deadwyler and her husband were doing fine right before she was forced to quit her job due to family issues, and then take an early retirement because she was unable to find other work when she was ready to return to the work world.  Before [...]

Handling Your Credit Card Debt During Unemployment Are you facing unemployment and have a large amount of credit card debt ? Below are a few tips on how you should tackle credit card debt when you're facing unemployment: Build up Your Emergency Fund Many debtors facing imminent unemployment use the income in the months preceding [...]

Have you defaulted on your credit card? If so, you're probably worried about what can happen to you after you fail to pay the bill. Below are five domino effects of credit card default: If you default on your credit card, your interest rate could increase significantly. Credit card default is costly and once your [...]

U.S. banks have charged off $50 billion in credit card loans which represents 5.47 percent of all credit card loans.  That's an increase of 2 percent in just one year. Some are saying that the large amount of charge offs is a sign that the credit card market will be the next crisis during this [...]

Mistakes are a part of life and even the best of us sometimes do things that harm our financial lives; but when it comes to credit cards and other debts, mistakes can be costly. Below are three mistakes you could be making with your credit cards and a few tips on how to make corrections. [...]

Debtors facing collections actions by creditors are often unaware of time limits concerning their delinquent credit card accounts and other debts.  In the state of Texas, a creditor cannot sue a debtor for payment on a delinquent account four years after last payment.  For example, if you last made a payment on a credit card [...]

The final phase of the Credit Card Accountability Responsibility and Disclosure Act's three phase implementation too effect this past weekend.   The law, which was signed by President Barack Obama in May 2009, is designed to restrict credit card company practices that harm consumers. Credit card consumers will now enjoy the following protections: Credit card companies [...]