The new bankruptcy law, while well-intentioned, is probably harming indebted consumers by requiring credit counseling. The result is a counseling system that is helping no one.
Credit Counseling Scams
Some of the worst scams involve offers to help consumers fix their credit. Our nation is so entrenched in the use of credit, it is inevitable that many will get behind on their payments. This common malady affects at least one person you know if not you, personally.
Credit card companies, banks, stockbrokers, stores, and other financial institutions make it sound so easy, who could resist. No interest! No payments until July! No annual fee! Just fill in this form and you c…
Credit Counseling Can It Get You Into More Trouble?
Does your heart skip when the phone rings? Are you afraid to open the mail and get another letter from a debt collector? If so, you are not alone. Many Americans are in debt up to their eyebrows and most don’t even know what options are available to help them. They just struggle paycheck to paycheck, make minimum payments and watch with frustration as the interest rates eat all the payment and the debt seems to just grow.
Credit counseling is one option to help deal with …
Credit Cards From Oil Companies Are No Bargain
The interest rates charged by oil companies on their gasoline credit cards are much higher than those charged by bankcards. You should use those instead.
Credit Cards: Frequently Asked Questions
What Are The Differences Between Unsecured And Secured Credit Cards?
CREDIT CARDS: Rules and Fees
Credit cards are unsecured loans that do not require you to pledge any assets, just your signature. Most consumers are not aware of the rules and regulations imposed by the issuer of a credit card. It is important that you understand the major points of the credit card you are applying for or currently have.
Credit Card Introductory Rates Can Bite You
That 3% introductory interest rate offered to entice you into applying for a credit card may turn out to be more expensive than you realize.
Credit Card Machines
Credit Cards Machines come in all shapes and styles. Credit card machines come in a variety of price ranges, offering enough choices that you can select exactly the model your business would thrive with. Credit card machines are a must for any business to succeed in todays market. Credit card machines tap into the most popular form of payment for products and services: credit cards. Since the evolution of the atm card into a debit card, credit card machines have developed ma…
Credit Card Shopping Easy if You Know What to Look For
All credit cards are no the same. If you are looking for a card, you would do well to compare the features and read the fine print in the agreements.
Can Credit Counseling Really Help?
If you have high debt, and are in trouble, you have probably heard the term credit counseling, but do you understand what it is? Oftentimes this term is used in the same sentence as debt negotiation or debt settlement, but actually, its a completely different process. With credit counseling, you will actually work with a professional credit counselor to pay off your debt in lower, monthly payments that you can afford.
The people most likely to need credit counseling ar…
Can You Negotiate with Your Credit Card Company?
If you have more credit card debt than you can handle, it may be possible to negotiate a deal with your credit card company.
Accurate Negative Information And Controlling Your Debt
Checking your credit report for inaccurate information is essential. Your credit score depends on it.