Credit Cards

  • Can’t Make Your Credit Card Payment? Don’t Put Your Head in the Sand, Do This Instead

    I’m so excited to have a guest post on the amazing blog, Girls Just Wanna Have Funds. Titled, “Can’t Make Your Credit Card Payment? Don’t Put Your Head in the Sand, Do This Instead”, it’s great information to get you through tough times.

    Posted at March 25, 2013 | By : | Categories : Credit Cards | 0 Comment
  • How Much Debt is OK?

    Debt—more specifically, the level of debt you comfortable with— is one of the many things that separates true entrepreneurs from other businesspeople.  A friend of mine was recently discussing how differently he and the owner of his company approach debt.  Some levels seemed like no big deal to the owner while my friend’s jaw was lying on the ground in shock.    What separates those ...

    Posted at January 24, 2013 | By : | Categories : Credit Cards,Debt | 0 Comment
  • Those Tricky Credit Card Companies

    Have you ever had one of these moments?   Mom:            Who left the crayon on the carpet? You:            I didn’t leave the blue crayon on the carpet. Mom:            I didn’t say it was blue.   Busted!  Those crafty credit card companies have all the power of mom and then some.  Questions are asked, answers are given and before you know it, you’ve given them all the information their minions ...

    Posted at August 28, 2012 | By : | Categories : Credit Cards | 0 Comment
  • A Credit Card Lawsuit is Not the End of the World

    A credit card lawsuit is not the end of the world.  In fact, it might be a glorious beginning.  An interesting article came out on the New York Times website, DealBook highlighting all the problems credit card companies have been having attempting to use the court system to collect.   The article says: “The same problems that plagued the foreclosure process — ...

    Posted at August 16, 2012 | By : | Categories : Credit Cards | 1 Comment
  • HOW Long to Pay Off This Credit Card?

    If a picture is worth a thousand words, here's one that's worth 32 thousand... and don't forget the 32 years. And to add insult to injury... 28.99% - I don't think even the Mafia takes that margin. These are taken from an actual client credit card bill and are not an anomaly.  If you ...

    Posted at July 17, 2012 | By : | Categories : Credit Cards | 0 Comment
  • Chase Stops Suing Borrowers

    Collectionscreditrisk.com had a very interesting article on Thursday the 12th.  JPMorgan Chase & Co. (no relation to yours truly) quietly stopped filing lawsuits to collect on delinquent consumer card accounts.  They also let go in-house attorneys who had been very successfully obtaining judgments for years. Collectionscreditrisk.com reviewed the electronic court records in California, Florida, Maryland, New York and Washington and found that all of ...

    Posted at January 17, 2012 | By : | Categories : Credit Cards | 0 Comment
  • The Best Call to Receive

    I received a call from a former client just to thank me.  He and his family’s lives have been changed since they got rid of over $60,000 in credit card debt.  They had been paying over $1,000 a month just in minimum payments.  He had a few minutes in his workday and used it to call and say, ...

    Posted at December 14, 2011 | By : | Categories : Credit Cards | 0 Comment
  • Reasonable Monthly Payments, Not Just the Stuff of Flying Unicorns

    There are few things worse than struggling every month to make credit card minimum monthly payments.  They’re now required to tell you how long it’ll take to pay off the card on each statement, usually it’s several decades and payments on $50,000 in credit card debt can hover around $1,000 a month.  How disheartening! Using our powers of negotiation and ...

    Posted at September 11, 2011 | By : | Categories : Credit Cards | 0 Comment
  • Garden Variety

    Some bankruptcies are complicated and require a lot of “out of the box” thinking, however, the most common scenario I see is a family where one of the spouses has lost their job and has not been able to find another one at the same level. While their income shrunk, their expenses didn’t. The family struggled to pay the minimum ...

    Posted at September 1, 2011 | By : | Categories : Credit Cards | 0 Comment
  • Credit Card Monster

    Credit card debt is the most common type of debt found in bankruptcy and it most often the reason families begin to consider bankruptcy. Most often the credit card company has raised the rates to such an extent that it doubles or triples the minimum payment and throws the budget into crisis. The other common situation is that the family ...

    Posted at August 27, 2011 | By : | Categories : Credit Cards | 0 Comment
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