Nov 6, 2019 | Credit Card Debt
A credit card is a revolving credit line that allows you to charge purchases at any time up to the credit limit. If used responsibly, credit cards can be a handy way to pay for purchases but can lead to spiraling debt if a healthy approach to credit is not...
Jul 24, 2018 | Credit Card Debt
When we meet with someone for a free consultation, we are often asked if it is necessary to stop using credit cards if one plans to file for bankruptcy. Bankruptcy is a complex area of law, but the short answer is: yes, you have to stop using your credit cards if you...
May 7, 2018 | Credit Card Debt
Credit cards are a financial product, and there are many credit card myths. When used well, credit cards can help your overall financial health. Benefits like rewards programs, price protection, and rental car deductible coverage make it worth having a credit card or...
Apr 27, 2018 | Credit Card Debt
The stress caused by carrying massive credit card debt that you simply cannot afford to pay back can be overwhelming. The financial burden usually comes with incessant collection phone calls, demanding letters, and can lead to being sued for unpaid debts and having...
Mar 23, 2018 | Credit Card Debt
Credit cards, when used wisely, can help your overall financial health. Of course, misuse of credit cards can get consumers into financial trouble. Is It Okay to Use Credit Cards to Fund Large Purchases? The answer to this question is: it depends. There are situations...
Feb 22, 2018 | Credit Card Debt
Americans who took on debt over the 2017 holidays reported an average of $1,054 new debt, according to a MagnifyMoney survey. This represents a 5% increase from the average amount of holiday credit card debt incurred in 2016. Do you have new or increased credit card...
