Debtor Alert: “Credit Counseling” Deception
According to an article at KFoxTV, credit counseling/debt settlement companies are using deceptive practices to con credit card consumers by giving the impression that they are calling from a credit card company and offering...
Using Credit the Right Way
After your bankruptcy has completed, you need to take steps to make sure that you avoid the same mistakes that helped lead you to bankruptcy. One of the things you can do to get...
Positively Impact Your Credit Score
Your credit score is calculated by factors that are often counterintuitive. One of the largest problems people face when trying to improve their credit is that they are ill informed. You heard your friend...
My Corporation is Drowning in Debt, Can Creditors Come After ME?
Many business owners/debtors considering bankruptcy are concerned about protecting their personal assets. If a business is a corporation, some debtors assume that creditors cannot pursue them personally for debts owed by the corporation. The...
Banks Lose On Credit Cards But Rake in Billions on Overdraft Fees
According to an article in the Daily Finance, the amount of profits banks are earning from overdraft fees has nearly doubled since 2000 reaching a record $38.5 billion. The average bank overdraft fee rose...
Short-Term Health Insurance Plans Won’t Solve Long-Term Problem
As the many Americans face job losses, many are facing the prospect of being uninsured as their COBRA plans are either unaffordable or have run out. For those Americans who can't afford individual comprehensive...
More Americans Relying on Credit Cards to Survive
A survey released by Tamara Draut, vice president of policy and programs at Demos and co-author of The Plastic Safety Net: How Households are Coping in a Fragile Economy, revealed that 37 percent of...