Articles Posted in Credit Card Debt

The current economic climate has caused many families to reevaluate their financial situation. With the holiday season approaching, parents are in the process of buying gifts for their children. Financial experts, however, are suggesting that instead of adding to many their already high credit card debt, American parents should start a savings plan for their…

During strong economic times, Americans are able to rely on cash to make purchases. But in tougher economic times, like now for most Americans, families turn to credit cards for more purchases to get by. This increased credit card use can lead to a substantial increase in credit card debt. A recent study by TransUnion,…

The recent recession has forced many individuals, especially students, to turn to credit cards to pay for every day necessities. This has led to an increase in both credit card debt and student loan debt. According to the Federal Reserve, in September, consumer borrowing rose to $11.4 billion, and total consumer debt rose to $2.74…

Credit cards can be an easy way to make purchases when one is short on cash. These economic times have led families to put more on credit cards and take on more credit card debt. But excessive use of credit cards can lead to unmanageable levels of credit card debt. And, unlike cash, a balance…

Credit cards have become an even more useful tool to many Americans during these difficult economic times. Credit cards allow individuals to spend more than then currently have in their bank accounts to cover expenses by ‘borrowing’ from a credit card company. But spending beyond one’s bank account can eventually lead to unmanageable credit card…

In these tough economic times, many Americans have turned to credit cards to make everyday purchases. But this has left many Americans with substantial credit card debt. But what happens to this debt if you die? Generally, the estate pays off credit card and all other debts. In most cases, the estate is not able…

The recent economic downturn has left an impact on almost every American. This blog previously reported that many individuals have had to turn to and rely more heavily on credit cards for day-to-day expenses. This has lead to a rise in credit card debt for many Americans. New data suggests that the use of credit…

The recent economic downturn has left many Americans in debt. Sacramento, California, residents are well aware of the substantial credit card debt many Americans carry with them every day. A recently proposed settlement involving big credit card companies like Visa and Mastercard and many major banks is being strongly opposed by Wal-Mart. This settlement was…

The economy has been very tough on many people the last few years during the recession. Unemployment levels have remained high, inflation has risen, wages have stayed low and home values have slipped. This has created a very difficult financial situation for many in California. While the economy has been sluggish, many people have been…