Few things are as dismaying as receiving your paycheck only to find a significant chunk missing. This could be the reality if a creditor initiates wage garnishment against you. But why exactly would this happen to you, and what types of debts can trigger it? By...
Credit Card Debt
3 ways credit card companies keep people trapped in debt
Credit card debt is one of the most predatory and insidious lending systems currently permitted in the United States. With the exception of payday lenders or check-cashing services, credit card companies charge the highest interest rates and most exorbitant fees of...
Could a credit card balance transfer help with someone’s debt?
Credit cards are incredibly useful. They give people financial flexibility to cover unexpected costs. However, many people fall into a habit of spending more on credit than they can actually afford. It doesn't take very long for credit card debt to spiral out of...
The vicious cycle of credit card cash advances
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...
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...
