Joint Council for Credit Education
Debt Reduction Services is pleased to announce our membership with the Joint Council for Credit Education.
The JCCE was created to help enhance consumer awareness of member organizations and the services they provide in helping assist individuals in living free from the pitfalls of debt. Continue reading “Joint Council for Credit Education” »
Erasing Debt
Wouldn’t it be nice to simply erase your debt?
I saw an ad this morning that said something to the effects of “Erase your debt, it’s fast, easy and we do all of the work for you!”
Folks, don’t listen to these ads. There is no magic debt eraser. When it comes to repaying your debt there are few legitimate options available in my opinion. Continue reading “Erasing Debt” »
Credit Card Relief
In desperate need of relief from your overwhelming credit card debt? Truth is your not alone.
Things can tend to spiral out of control when your credit cards are at their maximum and you find yourself paying more and more towards interest and less towards the balance of the cards.
Relief can come in various forms and not all will require you to seek outside help. Continue reading “Credit Card Relief” »
Financial Resource of the Week – My Money Management Calculators
While researching personal money management calculators I came across the website www.mymoneymanagement.net and thought I would share them with you.
My Money Management is described on their website as:
“At My Money Management, our mission is to help you prosper by knowing how to make sound financial choices. We’ve collected some of the best information, tools and resources to tackle challenges like foreclosure and managing debt…” Continue reading “Financial Resource of the Week – My Money Management Calculators” »
Plastic or Cash?
With all the talk about the dangers of credit cards, it might be easy to decide to bury your Visa, MasterCard, American Express or Discover cards in your back yard and just stick with your debit card instead.
Before doing so, you should be aware that studies have indicated that regardless of whether you use a credit card or a debit card, you still spend about 12% more than you would have if you were to use cash or a check. Continue reading “Plastic or Cash?” »
Debt Consolidation – Care for Your Finances
If you are like one of the millions of consumers feeling trapped in mounting credit card debt, underwater mortgages or are feeling afflicted by other numerous financial problems and are looking for a sound method of repaying your debt without filing for bankruptcy, Debt Consolidation may be a wise choice.
Continue reading “Debt Consolidation – Care for Your Finances” »
Understanding the New Credit Card Rules
Last week brought us changes to the way Credit Card issuing companies can operate in an effort to further protect consumers from abusive or deceptive practices.
The CARD (Credit Card Accountability, Responsibility and Disclosure Act) now prohibits credit card issuing companies from increasing interest rates for one full year from the date the card was first issued. Continue reading “Understanding the New Credit Card Rules” »
Debt Settlement Crackdown – New FTC Restrictions Coming Soon
If you’ve read a few of our recent posts regarding the Debt Settlement industry you know that those services have been under severe scrutiny as of late.
It was announced recently that the FTC will begin imposing new restrictions on the Debt Settlement practice due to widespread abuse against consumers who were struggling during our recent economic downturn. Continue reading “Debt Settlement Crackdown – New FTC Restrictions Coming Soon” »
Credit Card Debt and Your Financial Future
2010 is nearly half over and already this year we’ve seen many changes to the credit card industry. The biggest change came with the largest sweeping reform of the industry via the Credit Card Reform Act of 2010.
While the Credit Card Reform Act is designed to assist consumers from being misled on statements or inappropriately given increases to interest rates without proper notification, the Act is unable to change or help people develop better spending habits. Continue reading “Credit Card Debt and Your Financial Future” »