Paying off costly credit cards has never been easy. However, it is about to get harder. The Office of the Comptroller of Currency has begun pressuring credit card companies to raise monthly minimum payments from 2% to 4%. Most credit card companies are falling in...
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In most cases a Bankruptcy is a better alternative to a home equity loan to get rid of unsecured debt. In a bankruptcy, you can protect $18,450 per person in equity in your home and eliminate your unsecured debt. Unlike bankruptcy, if you get sick,...
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(SPOILER ALERT) I recently watched the Oscar nominated film Blue Jasmine. In the film, the main character Jasmine French marries a very wealthy investment banker that ends up being a Madoff-esque fraud. Before Jasmine discovered that her husband was a fraud, she was living the...
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The fees for a bankruptcy are less than the costs associated with credit counseling or debt consolidation In a bankruptcy, the federal bankruptcy court orders your creditors to accept your best effort to pay your unsecured debts. In many cases you are required to pay...
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I noticed on my last credit card statement that my interest rate had skyrocketed. I pay the minimum payment on time each month, and when I called to question the bank that issued me the card, I was told that because I had been late...
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