Category:
Credit Cards
Debt has consequences, some of which will surprise the average American. No, we’re not talking jail time. Debtor’s prisons were abolished nearly two hundred years ago, but untamed debt can…
Choose Your Debt Amount Consolidate Debt in Minutes Handling Credit Card Debt While Unemployed A strange thing happened when the COVID-19 economic shutdown hit the United States — millions of…
America is finding it harder than ever to pay off credit card debt. Total credit card debt is $1.115 trillion in 2024, according to the Federal Reserve. That’s up $129 billion in…
If you’re swamped in debt and it’s harder each month to at least pay your minimum credit card balances, inaction isn’t an option. But how do you tackle what could…
About Credit Card Hardship Programs Generally speaking, Americans are late in paying off credit card balances and the situation could get far worse after the devastating fallout from the coronavirus.…
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
What Is Considered Bad Credit? Different lenders have different standards for what bad credit is, and the number is more important than the label that goes with it. The numbers…
Sources:
- Black, M, Adams, D. (2022, September 27) What to Do When You Get Sued for Credit Card Debt. Retrieved from: https://www.forbes.com/advisor/credit-cards/what-to-do-when-you-get-sued-for-credit-card-debt/
- Luthi, B. (2018, December 7) What Happens When Your Credit Card Company Sues You? Retrieved from: https://money.usnews.com/credit-cards/articles/what-happens-when-your-credit-card-company-sues-you
- Johnson, A. (2021, May 18) Average credit card debt statistics. Retrieved from https://www.creditcards.com/credit-card-news/credit-card-debt-statistics-1276/
- Susswein, R. (2021, February 26) New federal debt collection rule coming in 2021. Retrieved from https://www.consumer-action.org/news/articles/winter-2020-2021
- Pyles, S. (2019, February 13) Sued for Debt? Here’s What to Expect. Retrieved from https://www.nerdwallet.com/article/finance/sued-for-debt-what-to-expect
- Detweiler, G. (2019, July 4) 7 Ways To Defend a Debt Collection Lawsuit. Retrieved from https://www.credit.com/blog/seven-ways-to-defend-a-debt-collection-lawsuit-62166/
- Luthi, B. (2018, December 7) What Happens When Your Credit Card Company Sues You? Retrieved from https://creditcards.usnews.com/articles/what-happens-when-your-credit-card-company-sues-you
- Holmes, T. (2013, March 8) Taken to court for card debt? What to expect and how to respond. Retrieved from https://www.creditcards.com/credit-card-news/debt-court-expect-1282/