Managing Holiday Spending: Avoiding Debt and Finding Solutions Holiday spending can get out of hand. A good rule of thumb is not to put more on your credit cards that you can pay off in three months time. Overspending can lead to problems when the bills come in and...
Credit Card Debt
Increasing Credit Card Debt
Financial experts have observed that though many people are earning more money, nationwide credit card debt is also on the rise, noting the $912 billion debt from January to June of this year.Experts noted that mitigating credit card debts could be considered “one of...
Counties in Alabama with low credit card debt
A recent study revealed that, compared to many states, Alabama’s households tend to have much lower credit card debt, a Thursday, December 8 article of al.com reported.The average credit card debt of households in all states is $15,675, but reports revealed that...
Tori Spelling sued for failing to settle debt
A lawsuit was recently filed against American actress Tori Spelling due to allegations that she failed to settle her overwhelming credit card debt, an October 4 article of Toronto Sun reported.Reports revealed that American Express filed a lawsuit against...
Tips people could do to mitigate excessive credit card debts
Financial experts have observed that though many people are earning more money, nationwide credit card debt is also on the rise, noting the $912 billion debt from January to June of this year.Experts noted that mitigating credit card debts could be considered “one of...
Homeownership rate in the US declines
A July 28 report of Bloomberg revealed that this year’s homeownership rate is the lowest in decades. In the recent data released by the U.S. Census Bureau, the nationwide homeownership rate was 63.5 percent in the first quarter, and it fell to 62.9 percent...
Take a summer vacation while avoiding debt
For many families, credit card debt is an expected consequence of a nice vacation: American Express reports that a family of four is likely to spend approximately $4,580 on a vacation.Families who are on a tight budget may want to explore...
Americans are unable to wean from excessive credit card use
A recent report by Bloomberg observed that many credit card users are struggling to pay off the interest rates on their previous credit card balances.According to College Professor Scott Fulford, Americans at an early age start to heavily depend on credit...
Illegal creditor harassment
People in Birmingham who are dealing with overwhelming debts may, at some point, experience harassment at the hands of creditors attempting to collect payments. However, it is imperative that debtors learn their rights when it come to creditor harassment. In...
Household credit card debt on the rise
A recent study by NerdWallet has shown that credit card debt for U.S. households is on the rise once again. According to the report, the average debt, which is now $15,355, has decreased since the recession, when it was as high as $17,000 in December of 2008, but has...