September 2nd, 2010
Review: ReadyForZero Helps Consumers Cut Debt Down To Nada
The average consumer carried $7,752 in credit card debt in July.
If the average Joe or Jane paid only the minimum payment of 3% on a credit card with an average interest rate of 14%, it would take 15 years and 11 months to get rid of that debt. Plus, they will also be paying $4,751.80 extra in interest.
Maybe Joe and Jane should visit ReadyForZero.
ReadyForZero website just launched today and promises to guide consumers out of credit card debt with a realistic plan based on a consumer’s real debt and credit cards.
September 1st, 2010
Wednesday Trends in Credit Cards & Debt
$848,424,077,482. That’s the estimated current outstanding student loan debt. For help figuring out the right debt reduction strategy, and ways to dial down credit card debt and use plastic responsibly, today’s roundup has an awesome mix of blogs and news from around the web.
August 31st, 2010
Top Credit Questions: Dealing With Difficult Debt
Facing debt is an issue most consumers can relate to, especially the financial and emotional toll it can take. For these tough issues, Credit Karma members reach out to each other to figure out how to deal with difficult debt.
August 25th, 2010
Wednesday Trends in Credit Cards & Debt
Good news about the economy doesn’t make headlines often enough — but today is an exception. MSNBC reports that credit card debt dropped to its lowest level in 8 years, with the average consumer carrying $4,951 in credit card debt.
August 18th, 2010
Wednesday Trends in Credit Cards & Debt
Dust off the magnifying glass — the fine print on credit card agreements are continuing to challenge and cost consumers. Disclosure of fees, penalties, rewards restrictions, and other credit card traps are often lost in small-size fonts and densely packed paragraphs... what should consumers do?
Just ahead is more great credit card information to help you fight back against credit card abuses and save money.
August 11th, 2010
Wednesday Trends in Credit Cards & Debt
One major issuer didn’t get away from consumer watchdogs this time, and paid a pretty hefty price. A judge ordered Wells Fargo to pay $203 million in restitution to Californians for manipulating overdraft fees.
Also, check out our favorite personal finance picks from the web.
August 4th, 2010
Wednesday Trends in Credit Cards & Debt
New regulations from the Federal Trade Commission will curb abuses from debt collection agencies pursuing old debts that won’t die, reports The New York Times.
Protect yourself from debt trouble and credit card issues with the following roundup of our favorite personal finance articles and blogs this week!
July 30th, 2010
Would You Pay Off Your Credit Card If Your Issuer Offered You Money?
If you had an outstanding credit card balance of $5,000 and your issuer offered you a $200 bonus to pay off your debt in the next 6 months, would you take it? Issuers are considering rewarding cardholders, rather than penalizing them, with these cash incentives to encourage customers to unload debt...
July 28th, 2010
Wednesday Trends in Credit Cards & Debt
Did credit card reform really do any good?
More than a year since the passing of the CARD Act in May 2009, news media and blogs weigh the good and the bad.
July 27th, 2010
This Week’s Top Credit Questions
No other topics are the bane of consumers’ financial lives more often than the terrible triad of debt, credit cards, and credit scores.So before any of the threesome rear its ugly side, read what’s been buzzing around our community-powered Q&A and arm yourself with credit-savvy skills.
