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Credit Card Debt News

News on Credit Card Debt continually updated from thousands of sources around the net.

4 hrs ago | CBS Local

Tapping Into Your Home's Equity To Pay Off Credit Card Debt

Not prudent. Just not prudent. I know the temptation is there. The ads tell you its easy money and why not use some of that equity in the house that is just sitting there ripe for the picking.

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Related Topix: Personal Finance

7 hrs ago | Sys-Con Media

Consolidated Credit Celebrates Financial Literacy Among...

Unfortunately, something else continues to rise up, too -- the financial stress and the revolving balance credit card debt those Hispanic Americans have racked up. Due to financial pressure to support their families, many Latinos have turned to credit cards to make up for lost income and purchase everyday necessities.

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Related Topix: Personal Finance

11 hrs ago | MarketWatch

One in 10 Americans' paychecks get docked to pay off debts

One in 10 Americans between the ages of 35 and 44 had money seized from a paycheck and sent off to pay a debt last year, a new report finds. More than one-third of those wage garnishments were for student and consumer loans, like credit card or medical bill debt, according to the payroll processor ADP, which analyzed data for 13 million employees for the first study of its kind.

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Related Topix: South Carolina

Tue Sep 16, 2014

Seeking Alpha

Will The Fed Raise Interest Rates? What Would It Mean For Investors?

The risk of the Fed raising interest rates may be a bit overstated but is very real. If rates do rise, markets will likely drop.

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Related Topix: Home, Mortgage, Personal Finance, Financial Markets

MarketWatch

Personal Finance Daily: The rudest drivers, and how 'girl face' hurts you

Men and women with feminine faces may have a harder time getting what they want in face-to-face negotiations, a new study finds . The data comes as American credit card debt hits post-recession highs, with the average household's balance at about $6,802.

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Related Topix: Personal Finance

Philly.com

Michelle Singletary: Be debt-free when you retire

WHEN PEOPLE talk about retirement, it's often in the context of how much money they have to save for their senior years. People know or have heard enough that they need to factor into their retirement plan their cash savings, investment account holdings, Social Security and, if fortunate, any pension benefit.

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Related Topix: Social Security, Personal Finance, Pension, Home, Mortgage, New York

Investopedia

Top 6 Mindless Money Wasters

Most people will say they are interested in saving money. Money saved from one area can be spent in another area.

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Related Topix: Personal Finance, Cell Phones, Cellphones, Electronics

KNDO

More

The New Year signals the universal practice of resolving to break bad habits. Many people focus on health when making resolutions.

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Related Topix: Life, Holidays, New Year's Day/Eve, Home, Mortgage

WGBH

With Debt Collection, Your Bank Account Could Be At Risk

Conrad Goetzinger and Cassandra Rose struggle to pay their bills as $760 is garnished from their paychecks every two weeks by debt collectors. Twice, Goetzinger's bank account has been emptied by collectors after he failed to payoff a loan for a laptop.

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Related Topix: Personal Finance

Examiner.com

Best way to maintain a good credit score

After getting credit such as credit card or home loan, the most vital thing that you should do is to ensure that you keep it under control so as to ensure that you achieve all your financial goals without going too far and deeper in debt. A good credit score makes it easy to secure financing from lenders when you want to buy house or so something else.

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Related Topix: Home Buying, Home, Personal Finance

Mon Sep 15, 2014

Switched

The Middle Class and Working Poor's Lifelong Losing Game -- in 10 Slides

They say a picture's worth a thousand words. If that's true, the following ten images could provide the lyrics for a thousand blues songs.

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Related Topix: Personal Finance, US News

The Flat Hat

Solving the student debt crisis

"Crisis" may seem to be the third word out of every politician's mouth these days, but there is no substitute for describing student loan debt today. As Mark Warner discussed when visiting campus Sept.

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Related Topix: US Politics, Democrat, Senator Mark Warner, Virginia, Virginia Government, Senator Marco Rubio, Republican, Privacy, Mortgage

The Detroit News

Mortgage demand lags credit card use

With mortgage rates at record lows for the year, you might figure that demand for home loans would be high -- but at this point Americans seem more interested in loading up their credit cards.

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Related Topix: Mortgage, Personal Finance, Home

Silicon Alley Insider

The Newest Credit Reporting Act Doesn't Have A Chance

Maxine Waters has introduced a bill in the House called the Fair Credit Reporting Improvement Act of 2014. The bill proposes sweeping changes to almost all aspects of the credit reporting and credit scoring environments.

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Related Topix: US Politics, US News, US House of Representatives, Democrat, Maxine Waters, Personal Finance, Home, Mortgage

WLUK-TV Green Bay

Financial Fitness: managing your credit card debt

Whether you have a small balance or are drowning in credit card debt, budgeting expert Joni Kearn of Freedom Financial has advice on how to manage it. Kearn says if you can afford the minimum payments each month you should focus on four things: afford minimum payments, Kearn says there are places you can turn to for help.

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Related Topix: Personal Finance

Investopedia

Top 5 Budgeting Questions Answered

Think about what you'd really like to do on your vacation and create a list to narrow your choices - whether it's hitting the beach, going shopping, climbing a mountain or visiting a museum. Consider whether you can do this somewhere nearby, or whether you know anyone who has done your chosen activities before on a similar budget.

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Related Topix: Home, Personal Finance, Mortgage

ProPublica

Unseen Toll: Wages of Millions Seized to Pay Past Debts

A new study provides the first-ever tally of how many employees lose up to a quarter of their paychecks over debts like unpaid credit card or medical bills and student loans. A new study provides the first-ever tally of how many employees lose up to a quarter of their paychecks over debts like unpaid credit card or medical bills and student loans.

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Related Topix: Personal Finance, Springfield, MO, University of Wisconsin Madison

National Public Radio

When Consumer Debts Go Unpaid, Paychecks Can Take A Big Hit

Kevin Evans relaxes in his small apartment after arriving home from work. Evans, who lost income and his home in the recession, is now having his wages garnished after falling behind on his credit card payments.

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Related Topix: Personal Finance

Philly.com

Progressives, help fix the debt

This year, progressives will campaign on strengthening the economic recovery, reducing inequality, improving college affordability, promoting broad-based wage growth, and making sure the most vulnerable among us are well cared for. And if we want all these to happen, we also need to campaign on fixing the national debt - not as budget scolds - but as the wing of the party that explains how growing debt is incompatible with the American dream.

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Related Topix: Home, Mortgage, Personal Finance, Opinion

Sun Sep 14, 2014

The Indianapolis Star

Pete the Planner: Don't tap your 401(k) to pay off debtPete the...

Since you didn't send me the particulars of your situation, Willie, I've have to make them up. I'll try to recreate your scenario the way I see it.

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Related Topix: Personal Finance, Retirement, IRA

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