Category: Credit Card Debt

The popular perception in recent years has generally been that the credit card debt load of consumers was under control. The bankruptcy numbers were down, the recession ended, and the prior dramatic reports of a credit card crisis were at a standstill. Recent data from the Federal Reserve, however, reveals that U.S. credit card debt

Many residents of Tennessee continue to confront debt management problems with respect to credit cards. One problem is that the interest rate and fees imposed on credit card debt is some of the highest debt that one can take on. Due to the expensive cost of that kind of credit, some people have transferred their

Most people in Tennessee have credit cards, and many people carry over at least some of their balance from month to month. However, there are some people who are not able to manage their credit card debt well, and they can quickly fall behind and come to a place where they are unable to make

Most people in Tennessee and around the country want to pay their bills, be responsible citizens and provide for their families. In a healthy economy, this should be an achievable goal. The reality is that even though the economy as a whole is healthy, wages have not kept up, and many people struggle to pay

There are many individuals in Tennessee and elsewhere who have experienced the struggle of dealing with overwhelming financial obligations. While one may encounter these issues under a variety of circumstances, studies indicate that credit card debt accounts for nearly 25 percent of the average person’s financial woes. Those who struggle under the weight of debt

Many individuals in Tennessee and elsewhere may be aware of the inherent risks of applying for and using a credit card. However, first-time card users might lack the necessary knowledge or experience to know how to use these accounts wisely. Experts suggest there are certain mistakes new cardholders make that could increase the chances they

There are many individuals in Tennessee and elsewhere who have experienced the challenges of falling behind on credit accounts. Credit card debt is one of the most prevalent causes of financial strain and similar issues can have a substantial impact on a person’s financial future. While some may be aware of the risk of missing

Cutting down on debts is a goal for many consumers in Tennessee and across the nation. Although one of the best ways to prevent issues with credit card debt might be to avoid it entirely, in some cases, a person may feel it necessary to use similar accounts to fund financial endeavors. However, with high

Many individuals in Tennessee have experienced financial hardships after falling behind on credit card accounts. Those who have similar accounts in collections may consider pursuing debt forgiveness through consolidation. However, although an offer to consolidate may appear appealing, there could be consequences to using similar methods to reduce or eliminate credit card debt. Falling past

For many individuals in Tennessee and elsewhere, credit cards may seem like an essential part of life, especially for those living a paycheck-to-paycheck lifestyle. However, with constant increases to interests rates, using similar accounts to fund purchases may come with inherent risks. Whether a card is used for everyday needs, or to cover the costs