There have been many reports in the news lately that credit card companies are willing to settle 35%-50% of the balances owed.
I agree with these reports, as I have talked to many clients recently about their own debt settlement successes. Many of them have indeed been able to settle for as little as [...]
Entries Tagged as 'Credit card debt'
Your Child is in Debt… Should You Help?
April 28th, 2009 · No Comments · Consumer Debt, Credit Cards
This is one of those situations parents hope never to face, but unfortunately more and more of us are having to make this difficult choice. With the push to obtain credit cards for student frequently beginning on college campuses, young people are barraged with marketing pitches and the promise of rewards and an “easy, convenient [...]
Tags: bail out kids from debt·college debt·Credit card debt·debt·excessive credit card debt·parental assistance·young people in debt
$300 Reward Offered by Credit Card Company to Close Your Account
February 25th, 2009 · No Comments · Consumer Debt, Consumer Info, Credit Cards
The concept of credit card rewards programs is one that is near and dear to my heart, but this sounds too good to be true; $300 cash just to agree to close my account? Tell me more!!!
New York based American Express announced this week that it will pay certain cardholders $300 each (actually, in the [...]
Tags: american express·credit·Credit Card Companies·Credit card debt·credit card rewards·Credit Cards·debt
Using a Credit Card to Pay Taxes: Not a Good Idea!
February 24th, 2009 · No Comments · Consumer Debt, Consumer Info
The IRS has implemented a number a changes to it’s policies in the last several years, and believe it or not, some of them (such as free e-filing) are actually beneficial to the taxpayer! Paying your taxes with a credit card, however convenient this may appear, is most likely not a wise financial decision for [...]
Tags: Convenience·Credit card debt·Credit Cards·Income Taxes·interest·IRS·uses of credit cards
