Posts Categorized: Credit Card Debt Consolidation Information

Credit Card Settlement: Freeing Consumers from the Chains of Debt

Posted by Rana & filed under Credit Card Debt Consolidation Information.

An increasing number of credit cardholders who have racked up a sizeable credit debt and are struggling to meet their financial obligations are obtaining relief through credit settlement. This payment strategy is one of the fastest-growing because it saves consumers money and enables them to become debt-free as inexpensively and quickly as practicable. Even though […]

Credit Card Debt Management: Paving the Way to Good Credit

Posted by Rana & filed under Credit Card Debt Consolidation Information.

The following situations merit consumers’ immediate attention since they impact credit score: Balances that surpass the limit or are maxed-out; Balances carrying a high interest rate; Balances that exceed 50% of the credit limit; and Accounts that are past due. First and foremost, credit card debt management necessitates the implementation by borrowers of the following […]

Credit Card Debt Burdens Consumers

Posted by Rana & filed under Credit Card Debt Consolidation Information.

Americans have over the span of the last 3 decades fallen in love with credit cards. The allure of plastic money has taken over the American psyche, partaking in a healthy dose of borrowing. However, the past few years of low interest rates has caused consumer debt to reach record levels. The incomes of majority […]

Credit Card Addiction

Posted by Rana & filed under Credit Card Debt Consolidation Information.

It is not uncommon for people to have debt. Since the advent of the charge card in the 1950s, Americans have been charging more and more. There are over 641 million credit cards in circulation, accounting for approximately $1.5 trillion of consumer spending; clearly the American public enjoys the convenience of credit cards. But convenience […]

AmEx Brings Breakthrough Financing Approach

Posted by Rana & filed under Credit Card Debt Consolidation Information.

The average American mortgagor spends hundreds, if not thousands of dollars each month on a mortgage. Using a credit card to pay off a mortgage was an inconceivable and farfetched notion, until now. American Express has just ushered in a new concept that is bound to revolutionize the mortgage and credit card industries. It plans […]

New Bill Guarantees Fairness to Credit Card Holders

Posted by Rana & filed under Credit Card Debt Consolidation Information.

In 2005, Americans holding an average of 5 credit cards per household utilized almost 700 million credit cards to purchase products and services totaling $1.8 trillion. To protect consumers from abusive and unfair credit card practices and ensure arms-length treatment by credit card companies, Senators Claire McCaskill (D- MO) and Carl Levin (D-MI) introduced this […]

Getting a Lower Credit Card Rate

Posted by Rana & filed under Credit Card Debt Consolidation Information.

Are you receiving an outpour of credit card offers through the mail or email stating that you’ve been pre-approved for a line of credit? Well if so, you’re certainly not alone! With all of the different features, benefits, and rewards that credit card companies offer, it’s hard to determine which one will be your best […]

Credit Card Debt Help

Posted by Rana & filed under Credit Card Debt Consolidation Information.

Consumer debt is a rising epidemic in American culture today, with average debt quickly approaching $15,000 per US household.  Considering the fact that the US is one of the richest nations in the world, what is causing this inability of individuals and households to fulfill their monthly financial obligations? It’s no longer a closeted fact […]