Credit Card Debt

  • Bankruptcy and Credit Card Debt

    … As with everything in life, there are pros and cons to filing for bankruptcy. A Chapter 7 bankruptcy stays on the public record for ten years. All other bankruptcy references are only in the public record for seven years. Many debtors believe that this will prevent them from accessing any credit. While creditors do take this into account, credit scores consist…

    www.kcarplaw.com- 17 readers -
  • The Truth About Credit Cards

    … you want to provide meaningful gifts to family and friends during the holidays. If you have gotten involved with too much credit card debt, even if you can afford the minimum payments, take a look at how long it will take you to actually pay all the debt and interest off. In many situations, you can recover your credit rating faster and less…

    Amy Tanner/ Bond and Botes- 16 readers -
  • The Secret That Credit Card Companies Don’t Want You to Know!

    … that there will be no negative information on any of my credit reports at all in any manner for doing this debt management plan with you? How Long Can Bad Credit Remain on Your Credit Report? Credit Repair Organizations Act (CROA) For the amount of debt that is forgiven by any and all of the credit card companies, will I be issued a 1099…

    Amy Tanner/ Bond and Botes- 23 readers -
  • Should You Be Using Credit Cards Just for the Rewards?

    … You may be surprised to find out that Americans love using their credit cards. According to the Federal Reserve, for the first time since the financial crisis in 2008, the preferred method of payment among Americans is using a credit card rather than a debit card. In 2016, a US Payment Study conducted by TSYS reflected that out of the 1,000…

    Bond and Botes- 13 readers -
  • $1 Trillion Racked up by Credit Card Users in the First Quarter of 2017!

    … in the past ten years, it has failed to keep up with the increased costs of living. To compensate, many Americans rely on the most expensive ways to borrow—credit cards. ​The credit card trap is an easy way to sink further and further into debt. If you cannot pay off the balance each month, don’t use them! The average credit card interest rate can be 13…

    Gail Donaldson/ Bond and Botes- 14 readers -
  • Three Major Credit Card Pitfalls to Avoid

    … to less money in your pocket and more in the credit card company’s pocket. Avoid Credit Card Interest Interest may not seem like a big deal to the average consumer until they see it broken down numerically. According to the article, a high interest rate on even a $1,000 debt over the course of ten years turns into a rather large number. For example…

    Bond and Botes- 17 readers -
  • Are You Prepared for a “Rainy Day?”

    … CNN Money recently reported that 6 out of 10 Americans don’t have $500 in savings, according to a new report from Bankrate. So what does one do if hit with an unexpected expense like a car repair, medical emergency or even the more costly car and home maintenance expenses? Well, 41% of adults reported having enough in their savings to pay…

    Amy Tanner/ Bond and Botes- 17 readers -
  • Finance Tips for High School Graduates

    …. Avoid Fees Never pay ATM or checking fees. Learn how to balance your checkbook and never incur overdraft charges from your bank. There are banks that will not charge ATM charges no matter where you bank or bank where there are lots of branches near your college. It’ll be even better if your parents bank at the same bank so funds are easily transferred…

    Mary Pool/ Bond and Botes- 36 readers -
  • The Problem with Minimum Credit Card Payments

    … with your credit card use, you can also build your credit score. This may help save money when financing something like a home or vehicle. Unfortunately, responsible credit card use is not as easy as it sounds. Aquiring Credit Card Debt Quite often, credit card debt begins with good intentions. You tell yourself that you will pay it off every month, pay…

    Joshua Lawhorn/ Bond and Botes- 25 readers -
  • I Think I Discovered Victoria’s Secret!

    … products, but with credit cards advertised with them and with credit card memorabilia spread throughout the room. The chart below is a summary of his findings from 1986: Product Credit Card absent Credit Card present % Increase Toaster $ 21.50 $ 67.33 213% Black-and-white TV $ 67.00 $ 136.92 104% Lamp $ 34.42 $ 47.17 37% Digital clock $ 18.08 $ 31.25 73…

    Cynthia Lawson/ Bond and Botes- 27 readers -
  • Get Out From Under the Burden of Overwhelming Debt in 2016

    …, I can tell you that the burden caused by overwhelming debt can be just as serious a health risk as being overweight, smoking, or drinking too much. People that come to see me suffer from tremendous anxiety, depression, and a sense of helplessness. They are ashamed of the situation they are in although they are usually not at fault. People often…

    Bond and Botes- 34 readers -
  • How Do You Budget and Track Your Expenses and Ultimately Save?

    …, stopping foreclosure or wage garnishment, avoiding liens, stopping lawsuits, discharging debt, etc. we can help! We will analyze your situation and help you make the best decision possible to help you with your financial problems. The post How Do You Budget and Track Your Expenses and Ultimately Save? appeared first on Bond & Botes. …

    Grant Mcnutt/ Bond and Botes- 32 readers -
  • Planning a Holiday Budget Will Help Ease the Season’s Financial Burden

    … will allocate to each topic, gifts, food and charity. Shop with Cash Shopping with cash is the best way to ensure that you don’t blow your budget. It is far too easy to purchase something extra or spend a little more when you rely on credit cards. Learn to say no to gifts that are too extravagant or outside of your budget. Don’t use this as a time…

    Bond and Botes- 33 readers -