by Michael Adams | Dec 30, 2020 | Credit Card Debt
Paying off a credit card is a great feeling and frequently the first step to financial freedom. However, you may think to yourself: “What next?” Should you keep the card open or close it entirely? It may be tempting to leave it open as an emergency fund, but the...
by Joe Panvini | Dec 16, 2020 | Credit Card Debt, Debt Settlement
As the COVID-19 pandemic continues to impact communities across the world, countless individuals are facing a reduction in income or complete job loss. As a result, many people are struggling to keep up with their student loans, mortgage payments, credit card bills,...
by Michael Adams | Nov 4, 2020 | Credit Card Debt
The COVID-19 pandemic has brought about a host of hardships and changes. Rapid declines in credit card debt are just one of the many effects of pandemic-caused financial insecurity. In response to widespread economic uncertainty, consumers are spending less and...
by Kevin Fallon McCarthy | Mar 22, 2018 | Credit Card Debt
A recent concern within the credit card industry is the growing number of “charge-offs” that are occurring at small banks. A charge-off is where a creditor declares that an amount of debt is not likely to be collected. This occurs when a consumer becomes delinquent on...
by Kevin Fallon McCarthy | Feb 23, 2018 | Credit Card Debt, Credit Card Debt Lawsuits, Credit Card Lawsuit
The Consumer Financial Protection Bureau (“CFPB”) released its biennial report on the credit card market and compared its findings to those of the 2008 economic recession. With debt steadily rising each month, it is no surprise that the credit card market is beginning...
by Kevin Fallon McCarthy | Jan 23, 2018 | Credit Card Debt, Credit Score
There is a belief out there that credit cards are bad. While it is true that having outstanding credit card debt is not a good thing since you’ll have to eliminate your credit card debt, it is also true that credit is extremely important to your financial...
