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...
Credit Card Debt
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,...
Young adults often develop credit card debt early in independence
Moving out of a childhood home is one of the first major steps toward adulthood. However, it has become increasingly expensive to do. The cost of living independently often forces young adults into significant credit card debt. Although historically older adults with...
Why should you avoid cash advances if possible?
When you receive a credit card in the mail, it will usually come with a list of terms and conditions that govern it. One of the things that you’ll notice is that you have the ability to get cash advances from your credit card. This might seem like a good thing, but it...
Can you reduce your credit card debt through negotiations?
Most people with overwhelming debt look to manage it without resorting to bankruptcy. Wanting to pay your bills is honorable and shows that you're not looking to avoid your obligations. Like most debtors, you may only need some help managing your financial situation....
Credit cards make you spend more
In many ways, credit cards are very useful tools. They make it easier to shop online, they allow you to have the money you need on you at all times and they offer rewards and cash back to give you some nice perks that you wouldn’t get with cash. Unfortunately, there...
