You would think that the decision between paying off your mortgage and paying off your credit card bills would be a simple one. Not so fast according to FICO Score Trends. In what's being considered a remarkable trend reversal, consumers are deciding to default on their mortgages instead of their credit cards."We're identifying lending industry situations in FICO Score Trends that to our knowledge have never been seen before,"...more
The recent US administration and the regulatory authorities are working with all of their nerves to provide most beneficial opportunities to debtors who have incurred massive debt and mostly unsecured debt of credit card companies and now become very helpless as they haven't any stream of income or even savings through which they could meet with their financial obligations. The US administration, besides injecting stimulus money and...more
Have you looked into the credit card debt stimulus package for help with credit debt? If not, you may be shocked to know that if you have more at least $10,000 or more in credit debt that you can get it erased? How is this and how can you use the stimulus for credit card debt?First off, there is real funding and stimulus money for credit card debt. When our President was elected, one of the first bills he signed in office was the credit stimulus bill that bailed out hundred of banks and companies that were facing bankruptcy.Stimulus debt relief now comes to the consumer in the form of debt erasure. Unfortunately, not every American qualifies for the Obama stimulus for credit card debt but for those who do, debt erasure is a piece of cake, you only need to have $10,000 in credit debt to qualify.This is a larger portion of the economy that qualifies for the government stimulus for credit card help than what you would think. The average household now holds over $9,700 worth of bad debt and this is rising each and every month as the job crisis continues..Stimulus debt relief can help you finally get the edge to be on top so that you do not have to worry about not being...more
The subject of the credit card debt forgiveness act has permeated the internet, radio and television waves as the best way to discharge 60% of credit card debt.In looking around the forums we found many questions that were asked regarding the credit card debt forgiveness act. Here are just a few:1. Where can I get sample letters...more
If you're in the market scouting for the ideal debt consolidation loan for yourself to combine all your debt accounts into one, then you should probably look at what Bank of America (BOA) has to offer in this sense. Bank of America is undoubtedly one of the biggest names out there when we speak of banks and financial institutions in the United...more
The President Obama credit card debt relief program has many people rejoicing because the are able to get rid of $1000's of past due debts they have incurred but now have no means to pay.Countless Americans are being deceived daily, and when they hit retirement age, they may be bankrupt because of it. Every expense they have can wind up catching up with them, and ruining them.How is this and how does the President Obama credit card debt relief program help you reduce your debts?This program is very simple, if you have over $10,000 in debt you qualify for debt erasure. You can even get free information and find out how much you can get erased too from reputable companies that are helping the average American get rid of their debts.It is a fact that credit card companies want you to stay in debt, and they want those interests to keep piling up, because that is more to line their pockets with. $10,000 costs $40,000 in interest and can take four decades to pay off. Isn't that ridiculous? This is one of the worse financial problems we are facing today in this country.The President Obama credit card debt relief program is not operated from the government, as Obama has...more
Everyone knows that debt can become a problem very quickly. A purchase may seem like a good idea because, after all, it is only a small amount you have to pay every month and you can certainly afford it. However, what usually happens is...more
These days it is very common to get in over your head with credit card debt. Emergencies happen and the credit card gets used to fix whatever problem has come up, or people just plain don't realize how much they are spending and how...more
The short answer to whether you can you be sued for credit card debts is yes, though it is useful to understand a bit more about the chances of this happening and what you can do to stop it. If you have spent money on credit, you do...more
In cases where there is a want for the bad creditors to fulfill their urgent requirements and cannot do so because of their low rating, they can opt for Payday loans No credit check. These finances can satisfy the needs of borrowers irrespective of...more
Credit card debts are not so new among the current generation. Indeed, having several credit cards is no longer a sign of superiority. It just means added trouble. There are several means to lower credit card debt. The prime method is...more
When you feel things have become unmanageable it's time to look into how to consolidate credit card debt.There are many benefits to debt consolidation, but first let's look at what exactly it is. This is where you obtain one new loan...more