It is no surprise that the pandemic has caused millions of people across the country financial hardship. A recent study conducted by WalletHub showed Americans paid approximately $82.9 billion in credit card debt just last year alone. While the news is good, as it shows that many people are paying down…
Category: Credit Card and Debt Defense
Medical debt is one of the main reasons why people file for bankruptcy or withdraw savings from their retirement accounts. People may develop an unexpected condition that requires extensive medical treatment. The cost of that treatment can make it difficult to pay for everyday expenses at the same time. Even…
Many people understand the basic concept of defaulting on a loan. When you default on a loan, it means that you have not made sufficient payments for a certain period of time. Lenders will consider you to be in default when you have failed to make the minimum required payment…
There is an enormous number of debt collection lawsuits being filed right now. Most people being sued have never been in this position before and panic. They will call the lawyer that is suing them in a desperate attempt to work out a solution. The debt collector’s lawyers know that…
According to a recent report, over half of Americans who took on a new hobby during the pandemic have gone further into credit card debt. For some, this is not an issue. After all, people were forced to stay at home and for those lucky enough to keep their jobs…
If you have a credit card that has accumulated debt on it, you are in good company. According to an Experian report published in the third quarter of 2020, Americans carried, on average, $5,315 in credit card debt. While that number is alarming, it only applies to credit card debt…
As a retiree, you likely know that having good credit is essential to your financial health. You know that the score assigned to you by the major bureaus, such as TransUnion, will have a direct impact on your ability to borrow and the interest rate you will pay on any…
Most people are familiar with debt collection notices. These letters, which are usually sent by debt collection companies, are sent when a person defaults on their credit card bills, student loans, or even utility bills. Debt collection companies are third parties that creditors and lenders hire to collect on unpaid…
Today, it may seem as though you never have to actually contact your credit card company. A lot of things associated with your credit card account can be done through a smartphone app or your banking app. You can view your available credit, your account balance, check the payment status,…
