Cash advances from your credit card seem like a convenient solution when you face an unexpected bill or cash flow problem. With the quick withdrawal of funds, it can be easy to think that taking out a cash advance isn't such a bad idea. Taking cash advances on credit...
Credit Card Debt
What you should know about “zombie debt”
If you’re dealing with overwhelming debt, it can feel like you owe everyone from the place you went for pizza during college to the gym you left last year because you could no longer afford that luxury. Collectors may be contacting you via phone, text and email every...
2 reasons that credit card debt could be impossible to overcome
Credit cards are important financial resources that give people flexibility between paychecks. Having revolving lines of credit can mean that someone is able to absorb unexpected expenses or a sudden drop in income due to injury or illness. Unfortunately, people often...
What are the risks of debt settlement?
If you’re in debt, you’ve most likely considered a debt settlement program as your way out of debt. This is because of the potential amount of money you will save. However, while debt settlement can save you money by allowing you to resolve your debt for far less...
The average American owes thousands in credit card debt
Most people find having revolving lines of credit to be a necessity in the modern economy. Credit cards help people balance budgets when they don't have enough income one month or have unexpectedly high expenses. People can borrow money in a short-term manner for...
The hidden costs of transferring credit card debt
Your credit card balance is close to the upper limits for the available credit that you have. Then you get a letter in the mail offering you a new credit card or extending an offer from an existing card provider allowing you to transfer the balance that you owe. The...
Debt affects more than your bank balance
Millions of Americans are currently struggling with the cost of living. Medical bills, rent, inflation and other factors can all result in debt spiraling out of control. One aspect that is often overlooked is the impact debt can have on your health. Debts have been...
When can your salary be garnished in Tennessee?
Losing a portion of your income can be tough, especially if you are going through hard financial times. However, if you are unable to pay your debts, one of the options your creditors can consider is getting into contact with your employer for purposes of making...
Watch out for the damage of holiday credit card debt
With the holidays approaching, now may be a time when you’re looking to buy gifts or to travel. Everything that you do over the holidays could end up being too much for your regular income, so like many people, you may turn to your credit cards. Paying off that...
Credit card debt could help or damage your credit score
If you have credit card debt, the chances are that the debt you carry could influence your independence. Using credit in the right ways can help you boost your credit score and get you better interest rates on loans such as your mortgage or vehicle loan. However,...
