Tag Archives: credit card debt

Deceased Debtor’s Credit Card Account Responsibility

  When Credit Card Holder Dies The question of a deceased debtor’s credit card account responsibility comes up often. A  review of the possible scenarios ahead of time should be helpful to people before they are vulnerable.  Emotional turmoil around the time of death of a loved one is not conducive to making a decision

Credit Card Debt Lingering Forever

  Credit Card Debt Lingering Forever Credit Card Debt Lingering Forever is the bleak prospect facing many adults according to some wide reaching new studies.  Credit is more widely available than ever before.  Contributing to the crisis are the high interest rates that make it so difficult to break the cycle of endless debt.  Attitudes

Debt Collectors Now Face Federal Oversight

Debt Collectors Now Face Federal Oversight Check with your local State Department of Business Regulations to see if the debt collector is registered as legally required.  Many debt collectors forget to renew their registration.  If their registration has lapsed they have no legal standing to report or verify any debt. January 2, 2013 marked the

Credit Card Blocking

  Credit Card Blocking Beware of credit card blocking when you check into a hotel or rent a car.  The clerk gives your credit card issuer an estimate of what the total bill will be and your available credit is reduced by his estimate.   The credit card issuer places a hold on that amount. Credit

Suing Debt Collectors: A Primer on Fighting Back

  Suing Debt Collectors: A Primer on Fighting Back Check the Secretary of State’s office to make sure the debt collector’s corporation is current with its annual reports.  Then check the State Department of Business Regulation to see if they are current with their registration as debt collectors.  You would be amazed at how many

Credit Card Debt at all time high…yet banks easing standards

Credit card debt at all time high…yet banks easing standards A study by the Federal Reserve shows that the number of American consumers using credit cards to pay daily expenses is at an all time high.  A report by Georgetown University also shows credit card debt and bankruptcy filings have skyrocketed revealing that consumers are

Credit myth: Debt to income ratio affects credit score

Debt to Income Ratio does not Affect your Credit Score One of the things that fascinates me about the credit scoring system is how much of it flies in the face of common sense.  Shouldn’t how much debt you have as compared to your income be the most important factor in your dependability to repay