How Credit Card Debt Effects You

The statistics are truly mind numbing and continue to get worse each and every year. At the current rate about 1% or one in a hundred families will be forced to declare bankruptcy at some point and over 90% of Americans’ disposable income is spent paying back debts. Not a happy picture but as bleak [...]

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Should I file for bankruptcy?

First and foremost I want to say thank you for all answers I recieve. This is obvisously not an easy time in life and all answers are carefully read, as I hope that you take into consideration all that my situation entails. When I was 19 I set out to get myself a great credit [...]

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Credit Card Debt – What is the answer?

Credit card debt has been an ongoing problem ever since the credit card was created in 1950. People were going into debt at an astounding rate. It wasn’t very long before the people were in so much debt that they couldn’t possibly pay it all back. The federal government noticed that Americans were in over [...]

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Credit Counseling Can It Get You Into More Trouble?

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 [...]

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Are there any legitimate companies that can help you with debt consolidation?

My husband and I have about ,000 in debt and are considering going to one of the many debt counseling companies that we see advertised. Can they really help by working with the credit card companies ? Also do they all charge a fee and how do they work? Refinancing our home is currently not [...]

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How badly will using debt counseling/credit card counseling hurt my credit?

I am thinking about consolidating a lot of unsecured debt using a debt/credit card counseling service. How will use of that sort of service affect my credit rating long-term? Read more here

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How to get out of credit card debt with out filing for bankruptcy,nor do I wish to use debt counseling.?

I have 4 credit cards that I have been paying (it seems forever) I am currently on a debt counceling progam. I”m current. The problem that I am now face with is a reduced income. I am retired. My 401K took a big hit. I will no longer be able to pay the 3.00 monthly [...]

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