Many people in New York are able to make their monthly credit card payments, even as they carry thousands of dollars in balances on the cards. Maybe they think that they will be in a better financial position to make a full effort to repay the debt later on down the...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
$1 trillion in credit card debt in America
There are many different indicators that economists keep track of to measure the so-called "health" of the national economy. Credit card debt is one such indicator. And, according to a recent report, the overall amount of credit card debt in America has topped $1...
Credit card debt in America now close to 2007 high mark
Debt accumulated on credit cards is one of the most common reasons for Americans to file for bankruptcy. Now, according to a recent report, accumulated credit card debt in America has risen to a level that almost meets one of the highest points in years. The recent...
U.S. residents have rising credit card debt vs. savings ratios
One way to measure the health of an individual or household's financial health is to look at the ratio of debt to savings. This is especially true with credit card debt, as the high-interest rates often mean the debt continues to grow even while some payments are...
Credit card debt and living expenses in America increasing
Sometimes, a person in Long Island has no choice but to put a purchase on a credit card. For some, it may be an unexpected job loss or illness that leads them to use a credit card to pay for food and clothing. Other times, it could be an expensive car repair or home...
Americans are no strangers to credit card debt
Credit cards may have gotten many people in Long Island through a tough financial time, when an unexpected expense arose that they otherwise could not pay for. It may have been a medical bill, a car repair, a new water heater or any other number of expenses....
What is a credit card charge off and how does it affect you?
Long Island residents facing substantial credit card debt may wish that someday it could just be wiped away altogether. And, should they face a credit card "charge off" they may think their problems are over. However, a credit card charge off could have numerous...
Credit card debt settlement may be an option for some debtors
Some residents of Long Island may find that using a credit card is very tempting. After all, not only do credit cards allow individuals to purchase goods that they may not be able to afford outright, but they often come with rewards, such as airline miles, that credit...
Secured cards could help Long Island residents after bankruptcy
Although some Long Island residents may understand that filing for bankruptcy can negatively affect their credit score, what they may not know is that it is possible for their credit to bounce back after the bankruptcy process is complete. When a creditor is...
Credit card debt settlement scams
It can be easy for New Yorkers to face a financial crisis. For many people, a simple setback can result in very serious financial consequences. Many of the setbacks occur randomly and without warning. For example, a job loss or medical crisis can result in a cash...