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” »
Debt Reduction Services in the News – KBOI CBS 2 – June 3rd, 2010
Make Sure You Get Credit, For Your Credit
I wanted to share the article and a link to the video of a news story that CBS in Boise aired yesterday featuring Debt Reduction Services Director of Education, Todd Christensen. Todd provides some little known information regarding utility services. Continue reading “Debt Reduction Services in the News – KBOI CBS 2 – June 3rd, 2010” »
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” »
Credit Report and Your Rights
Have You Pulled Your Credit Report Lately?
Information found on credit reports and that three-digit number called a credit score havebecome such integral decision-factors in our lives. Do you feel as though you are now judged upon your credit report and credit score more than ever?
We have the opportunity—and the right—to see our credit reports and ensure that they are accurate, which is especially important before you apply for a loan. Here are some steps to taking advantage of the FACT Act to monitor your own credit: Continue reading “Credit Report and Your Rights” »
Gambling with Your Financial Future and Losing
Lottery and our Financial Future
We saw an interesting poll from Bankrate.com that asked how people envision themselves getting financially ahead, particularly in a difficult economy.
Not surprisingly, “Saving and Investing” was the number one answer, at 36%, followed by “Additional Education or Job Training” at 23%. Running your own business (which is actually the most common profession of millionaires in this country) was fifth at just 6%. Continue reading “Gambling with Your Financial Future and Losing” »
New Debt Consolidation Guide on Site…
I wanted to let our readers know that we have added a Debt Consolidation Guide to our website. You can view the guide online and print it off to keep.
We created the guide to help clear up some misconceptions of what Debt Consolidation is and what it isn’t. Continue reading “New Debt Consolidation Guide on Site…” »
The Unintended Consequences of the New Credit Card Legislation
With the recent passage of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD), credit-issuing companies stand to lose a significant revenue stream, namely, penalty charges.
No one can reasonably believe these businesses will accept a reduction in their profits without seeking to replace that income elsewhere in their operations.
With the curtailment of penalty charges and seemingly arbitrary consumer interest rate increases, banks and credit card companies will likely try to recapture lost revenue through expanded fees and service cuts. Continue reading “The Unintended Consequences of the New Credit Card Legislation” »