Credit card debt

How Freezing Your Credit Report Protects You From Identity Thieves

According to the March 5th, 2013 release by the Federal Trade Commission (FTC), identity theft was the #1 consumer complaint in 2012.  In addition, the FTC’s February report states that nearly one in four Americans have an error on their credit reports that is significant enough to prevent them...

Posted on December 23, 2016

Survival Plan for Maintaining Financial Stability during Sequestration

  Washington, DC – Sequestration is now in place, and along with it came a good amount of uncertainty, causing many Americans to wonder how they will be impacted.  By some estimates, more than one million employees of federal agencies may receive furlough notices.   Some workers are not adequately prepared to...

Posted on December 23, 2016

NFCC Poll Reveals Majority of Consumers Admit Financial Problems are Self-Inflicted

  Washington, DC – According to the National Foundation for Credit Counseling (NFCC) December poll, when asked if their personal financial problems were self-inflicted or the result of events beyond their control, the overwhelming majority of respondents, 63 percent, admitted responsibility for their financial woes. “The poll results are encouraging, as...

Posted on December 23, 2016

Poll Shows Overwhelming Majority of Consumers Will Cut Back or Spend Zero on Holiday Shopping

Washington, DC – The November poll hosted on the National Foundation for Credit Counseling (NFCC) website queried consumers regarding holiday spending.  The results revealed that 50 percent of consumers intend to spend less on holiday purchases this year than last, indicating they are in a worse financial position, while...

Posted on December 23, 2016

Holiday Overspending Can Have Long Term Consequences

  Washington, DC – Millions of consumers have begun their holiday shopping, snagging sale items either in-person or online, and therefore considering themselves savvy shoppers.  At the same time, many lost sight of the fact that regardless of the price, a bargain isn’t a smart purchase if it compromises a...

Posted on December 23, 2016

5 Credit Card Traps to Avoid

Every business has tricks of the trade, and credit cards are no exception. Learning the techniques purveyors of plastic use to separate you from your money will make you a smarter consumer. From Stacy Johnson, our Partner at MoneyTalksNews; Written by Jeffrey Trull Credit card companies love to dangle juicy offers...

Posted on December 23, 2016

A Quick Guide for Consumers on Credit, Debit, and Prepaid Cards from the FDIC

From the FDIC Below is a great guide developed by the FDIC. Use this guide to understand the difference in protections you have when using different types of credit, debit and prepaid cards.     Credit Cards Debit Cards Prepaid Cards What it is A credit card is a loan. A debit card is linked to your...

Posted on December 23, 2016

Are You Using the Right Credit Card?

According to a report by CNNMoney, consumer reliance on credit cards is on the rise. The statistics used by CNNMoney were provided by First Data, a credit card processing business. Since the end of 2008, when consumers began relying more heavily on debit cards to make purchases, credit card...

Posted on December 23, 2016

Looking for a Reasonable Small Loan? Find it Below

In my work, I spend a lot of time reading articles and information about credit, debt, and many different money management strategies. Many times what I read is frustrating and it feels like the average American is never going to get a break when it comes to dealing with...

Posted on December 23, 2016

Layaway. Is It Really a Good Deal?

Posted on December 23, 2016