Are consumers really paying off their credit cards at record rates? Or are they just defaulting on their debt? That's the debate going on now. Consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarter of 2009 and the first quarter of 2010, … [Read more...]
Consumers Under Growing Financial Duress
March 16, 2010 By 1 Comment
There are plenty of numbers and figures published that are used as barometers for the state of the economy. One of the numbers is the percent of consumers who are behind on their mortgage payments but have credit card accounts that are current. When the number goes up it is taken as a sign that consumers … [Read more...]
Be Wary of Debt Consolidation
January 17, 2010 By 1 Comment
“Debt consolidation” almost seem like magical words because they imply rolling debt into one manageable total with an affordable payment. But is that always true? The answer is: maybe. … [Read more...]
Debt Educator Announces a Bailout for Credit Card Debt
March 29, 2009 By Leave a Comment
A bailout for personal credit card debt is available for American consumers. Corporate bailouts make the news as the government steps in to help. But a lesser known bailout will help average citizens get a new lease on their financial lives. … [Read more...]