Saturday Night Live Skit – Don’t Buy Stuff You Can’t Afford
The concept seems simple and the book is free…but these two, Amy Poehler and Steve Martin, just can’t seem to figure it out. Saturday Night Live takes a humorous look any spending beyond our means.
Click the Link Below to View Video on Hulu: Continue reading “Saturday Night Live Skit – Don’t Buy Stuff You Can’t Afford” »
Government Debt Bailout? Not so Fast!
There is no Government Debt Bailout when it comes to consumer credit card debt! There are many ads from various Debt Settlement and other companies that mention to take advantage of such debt bailout programs by calling their number.
Remember that it wasn’t too long ago that the Government released its warning about the debt settlement industry…take a look at this past blog post warning of debt settlement: Continue reading “Government Debt Bailout? Not so Fast!” »
Low Credit Scores Growing Among Consumers – CBS News Segment featuring Todd Christensen
I want to share the story and video that aired last week on KBOI CBS TV. Todd Christensen, Debt Reduction Services Director of Education, shared some excellent thoughts on the current decline in overall consumer credit scores.
Click to view ‘Low Credit Scores Growing’ segment
Here is the text version article which can also be found on www.KBOI2.com.
Debt Settlement Article on MSNBC Red Tape Chronicles
Good Morning,
I read this article this morning and wanted to post a link to it.
Bob Sullivan, a Consumer Rights advocate and whistle blower on scams and internet fraud has written an article on one mans experience with a debt settlement service known as Debt Settlement USA. Continue reading “Debt Settlement Article on MSNBC Red Tape Chronicles” »
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” »
Important Changes to Credit Cards
Think Hard before Opting Back Into Credit Card Account Offers Headed Your Way
As we quickly approach the February 22, 2010 deadline for implementation of many aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD), we’ve been seeing some “interesting” marketing ploys by several credit card/banking companies.
CARD makes major changes in the way credit card companies can market, extend and administer credit to new and current card holders. One CARD stipulation prohibits allowing card holders to go over their credit limit for a fee without their express permission. Continue reading “Important Changes to Credit Cards” »
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…” »
Credit Definitions, Basic Terms and Concepts
Here are some basic terms to know, especially when building or rebuilding your credit score.
APR: Total cost of loan on an annual basis, including interest charges, annual fees, points, and other finance charges.
Asset: Anything of monetary value, commercial or exchange value that is owned by a person or entity. Continue reading “Credit Definitions, Basic Terms and Concepts” »
Credit Cards, Debt, Interest and Money
Here are some interesting figures I had put together a few years back. Interesting figures to say the least. I thought I would repost them.
Did you know…?
- The average APR for standard and gold credit cards is over 13% according to bankrate.com.
- The average APR for all credit card holders is nearly 17%.
- If you’re one day late on any payment to any creditor, you could be subject to a default rate as high as 29.99% on your credit card accounts. (bankrate.com) Continue reading “Credit Cards, Debt, Interest and Money” »