Credit Card Debt

A lot of the focus of this blog is on bankruptcy, meaning that we are talking about a legal process that already assumes you are buried under a lot of debt. But of course, there is something even better than filing for bankruptcy to clear out your debts, and that is...

The Federal Reserve Bank of New York released new information recently that shows that American households have now surpassed the 2008 level of debt. In that fateful year, households accumulated a peak of roughly $12.68 trillion in debt. Today, that number sits around...

Credit cards are tempting and devious tools. They seemingly offer "free" money, but of course that isn't true. It is simply that a credit card offers us the chance to make a big purchase when we don't necessarily have the cash on hand for it, delaying the moment when...

The Federal Reserve recently released a report that unveiled that Americans owe more than $1 trillion in credit card debt, collectively. While this may sound like an economic boost on a national level -- people are buying big items and using their credit cards, after...

Sure, there are things in life that are simply annoying. They bug you, like nails on a chalk board. Maybe you even think they should be outlawed. But because this is a free country and you might be dealing with a mere pet peeve, there is little you can do to address...

Many people in Louisiana who are struggling to make multiple credit payments think that consolidating their credit card debt is the answer. After all, it appears to be a good alternative to keeping up with different payment due dates and amounts each month. As...

It's no secret that many Louisiana residents struggle with credit card debt. In fact, according to a new report by Business Insider, Ruston, Louisiana, comes in second in the nation for cities with the worst credit card debt among residents. Hammond, Louisiana, is...