by Chris A Smith
Defaults on credit card debt continues to soar and it is about to get worse for the banks issuing the cards. A proposed change in a Federal Accounting Standard could jack up the default rate by a third requiring banks to increase their reserves which in turn ...
Most Recent Articles For: credit card debt
Written by Chris Smith on June 21st, 2009
Written by Brenda Lengel on June 14th, 2009
by Brenda Lengel
Many people just like you need to clear credit card debt. You may be searching for a way to get out of debt too. If you are living in debt, you know the stress that debt causes. It is hard to go through each day ...
Written by JR Rooney on June 3rd, 2009
by Jonathan Summers
Last month, Manuel and Luz Fausto won one of the biggest collection awards documented in the last couple of years under the Fair Debt Collection Practices Act (FDCPA) against Credigy Services Corporation. A California jury awarded the Faustos $500,000 in damages derived from harassment by Credigy collectors. Of ...
Written by Paul J. Easton on May 13th, 2009
by Paul J. Easton
Are you feeling the pinch of the recent financial decline? You are definitely not alone and millions are with in the same boat. With the current financial decline, it seems that as soon as you have your paycheck, you only sign it to hand it over to ...
Written by Jonathan Summers on May 9th, 2009
by Jonathan Summers
Last month, Manuel and Luz Fausto won one of the largest collection awards documented in the last couple of years under the Fair Debt Collection Practices Act (FDCPA) against Credigy Services Corporation. A California jury awarded the Faustos $500,000 in damages stemming from harassment by Credigy collectors. Of ...
Written by Steve B on May 6th, 2009
by Steve B
Credit cards are often considered as one of the "miracles" in the financing industry, but it can also be considered as a "curse" when people who have availed of it are having debt management problems.
Many say that because of this plastic card, people are given better access to ...
Written by maxima maina on April 14th, 2009
by Anthony Fine
You may be headed on your way to credit card debt default if you find yourself overloaded with debt. There are so many long lasting negative consequences to a default of this type that you should steer clear of this situation at all costs.
Because of the severe economic ...
