Category Archives: Credit Card Debt
Why is Credit Card Debt So High?
Consumers are continuing to spend high amounts of money on their credit cards and are going deeper into debt, according to a recent report from CNBC. As that report emphasizes, household debt increased again over the last quarter. Much of that debt is associated with credit cards and rising credit card balances. At the… Read More »
Ways of Eliminating Credit Card Debt
American credit card debt has been rising rapidly, according to data reported in sources such as Marketplace. As that debt rises, many consumers are struggling significantly with options for paying down — and ultimately paying off — that debt. For many, there is a risk of making only the minimum monthly payment and having… Read More »
Can I Settle Credit Card Debt from a Balance Transfer?
Debt settlement is often an option for various types of debt in Georgia, including credit card debt. Having credit card debt is extremely common in Georgia, and data from the Federal Reserve suggests that delinquency rates are rising. In other words, more people are defaulting on credit card debt. When you do not make… Read More »
What Should I Do If I am Being Contacted Frequently About Credit Card Debt?
Owing a significant amount of credit can bring a lot of added stress to your life. If you are frequently being contacted by debt collectors about that debt, you are likely feeling even more stressed about your financial circumstances. It is important to know that you have rights concerning contact from debt collectors. In… Read More »
What is Charged-Off Credit Card Debt?
Are you currently receiving frequent calls, text messages, and emails from debt collectors attempting to collect past-due credit card debt? If you are in this situation, you are one of thousands of Americans who find themselves in the same circumstances. According to data from Marketplace, last year Americans defaulted on a total of $59… Read More »
High Credit Card Debt Among Georgia Residents
The experience of struggling with credit card debt is something that many Americans know too well. For Georgia residents in and around Lilburn, accruing credit card debt is often a necessity. When unexpected expenses arise, many of us turn to our credit cards with the expectation of paying off the amount charged. However, as… Read More »
What Are My Rights When I Am Contacted About Credit Card Debt?
Consumers in Georgia who have significant credit card debt and are behind on payments likely are receiving communications from a wide range of debt collectors. You may be getting phone calls — on your own cell phone or at work — in addition to texts, emails, and other forms of contact. Many of these… Read More »