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Credit Card Debt Archives

How does the CARD Act protect Tennessee families?

It is bad enough to deal with credit card debt, particularly when someone, at the same time, also has other issues, like unemployment or mounting medical bills from a recent and unexpected procedure. It is even worse when credit card companies take advantage of their customers, and families do not realize it until it is too late.

Black Friday scary prospect for those in credit card debt

What started as a fun family tradition of going shopping on that extra day off after the Thanksgiving holiday has become an all out shopping extravaganza. Some may still love Black Friday for the deals people can get in the check out lines, while others have grown less enthusiastic or even disdainful about this unofficial American holiday.

Controlling credit card debt through bankruptcy

A previous post on this blog discussed how easily Bradley County, Tennessee residents can find themselves struggling against mounting credit card debt. As the previous post mentioned, problems with credit debt do not just afflict people who have difficulty with overspending on pleasure items.

Credit card debt reaches record levels

Credit card debt in the United States is on the rise again, and Americans have even broken their previous record, set in 2008, of $1.02 trillion in revolving debt, which includes credit card debt and other charge accounts. The new record, set in early August, is $1.021 trillion in credit card debt.

Before signing up for the credit card promo, check the fine print

Many residents of Bradley County no doubt go shopping in Cleveland or in nearby Chattanooga. When they get to the checkout line, they may be offered a store credit card that includes a discount or a wonderful deal too hard to pass up. Others may get special offers through the mail promising rebates, travel miles or special benefits.

Options to help with medical debt and credit card debt

For individuals who are struggling with medical debt and oftentimes related credit card debt, there may be options to consider to help enjoy a fresh financial start and be free of the stress associated with overwhelming debt. Sometimes a vicious cycle of medical debt and credit card debt can lead to falling behind in medical bills and credit card bills.

Actor sued over overwhelming credit card debt

Though Tennessee residents may recognize him from a string of successful sitcoms and his starring roles in some big budget Hollywood films, Charlie Sheen has recently been in the news for a slew of reasons unrelated to his acting. News about his health has made headlines, as have his struggles with his former wives. Recently, however, Sheen was back in the news for yet another unfortunate reason -- he is being sued for carrying excessive credit card debt.

Will my credit card company punish me for carrying debt?

Credit card debt occurs when an individual fails to pay off the person's balance in full and carries over owed money to subsequent credit card bills. When a person cannot pay down this credit card debt it can become a difficult financial obligation to manage. One way that Tennessee residents can avoid the wrath of credit card companies and their debt collection practices is to understand how those companies will pursue their borrowers' debts as stipulated in their credit card agreements.

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