Money Monday: Credit Card Debt Help

Posted by administrator | 11/10/11 | Tagged Credit Card Debt

Money Monday: Credit Card Debt Help
News from MyFox Detroit:

Updated: Monday, 10 Oct 2011, 10:12 AM EDT
Published : Monday, 10 Oct 2011, 10:11 AM EDT

myFOXDetroit.com Staff –
Dorothy Barrick from Greenpath Debt Solutions, a non profit credit cousneling and education organization stopped by FOX 2 to offer some sound advice on how to get back on track financially.

GreenPath Debt Solutions lists 10 Warning Signs of too much debt

1. You have no savings.
2. You only make the minimum payment on your credit cards each month.
3. You continue to make more purchases on your credit cards while trying to pay it off.
4. You have at least one credit card that is near, at, or over the credit limit.
5. You are occasionally late in making payments on bills, credit cards, or other expenses.
6. You don’t even know how much total debt you actually have.
7. You use cash advances from your credit cards to pay other bills.
8. You bounce checks or overdraw your bank ac…………… continues on MyFox Detroit

… Read the full article
.

Related News:

The Recovery’s Silent Assassin: How Debt Deleveraging Killed the Economy – The Atlantic
News from The Recovery’s Silent Assassin: How Debt Deleveraging Killed the Economy – The Atlantic:

When U.S. consumers, businesses, and government all pay down debt at the same time, the inevitable outcome is lower growth, higher unemployment, and lower standards of living.

615 flag woman sitting sad.jpg

REUTERS

Heather Anderson ruefully admits that she should have known better. A veteran of nearly two decades in the credit-union industry, she had spent her career warning would-be borrowers about the perils lurking in home-equity loans, bells-and-whistles mortgages, and the seductive fantasy that debt was interchangeable with wealth. But the housing boom was roaring ahead, and “I started to feel left out,” Anderson recalled. So in 2005, she and her boyfriend bought a house in San Diego with a no-money-down, interest-only mortgage and a home-equity loan.

Less than a year after…………… continues on The Recovery’s Silent Assassin: How Debt Deleveraging Killed the Economy – The Atlantic
… Read the full article


Credit card perks you may not know about

Posted by administrator | 11/10/11 | Tagged Credit Card

Credit card perks you may not know about
News from Deseret News:

Published: Monday, Oct. 10, 2011 11:21 p.m. MDT

By Tiffany Erickson-Malili, For the Deseret News

Responsible credit card use can do more than just improve your FICO score and give you air miles. According to a Fox Business article, it can also protect you against faulty products, unexpected car rental costs and can even come to the rescue if you are stranded.

Manufacturer warranties on products often expire after 90 days. And though some stores are still willing to take back an item if it breaks, it can still be a struggle getting retail managers on your side. But not to worry — if you used a credit card for the purchase, many cards have a third-party c…………… continues on Deseret News

… Read the full article
.

Related News:

8 Credit card life-savers
News from Fair Lady:

Who can live without their credit card? The problem is, if not managed well, it can eventually swallow up your whole salary.

Credit cards make spending easy. But credit  card limits are often so high that you are tempted to keep spending without realising the consequences. Always remember: your credit card represents cash that you have not earned yet. Follow these golden rules to ensure you don ‘t get into uncontrollable debt.

Do a simple calculation: if what you owe (monthly)is more than you can afford to repay (monthly),you are living beyond your means and should cut back on spending.

Always try to pay back the full amount d…………… continues on Fair Lady
… Read the full article


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