Tag Archives: credit card companies

Rebecca And Her Husband Are Struggling to Keep The Business Going

“Dear Steve, My husband and I own our own business but have been struggling lately. I work a 9-5 job while he stays at home to run the business. We owe a lot of debt in credit cards from working to get the business up and going – and we’re just a few hundred dollars [...]

Jay Got Sucked Down With The Falling Real Estate Market

Jay “Dear Steve, I recently remodeled a house. I got the house for such a good deal that I had no problem using credit cards to pay for the repairs. Unfortunately, the market tanked as I was putting the house on the market. What I am left with is a $2000/mo mortgage and around $45,000 [...]

Lisa is Over Her Credit Limit, Unable to Pay the Minimum Payment, and Thinking of Bankruptcy

“Dear Steve, I am unable to make my minimum payment on my only credit card therefore, not only has my interest gone through the roof I am now over my credit limit. I don’t want to file for bankruptcy. What are my options to get this under control and get my credit card paid off? [...]

I’m Laid Off and Living on Savings. – Mary

“Dear Steve, I was laid off the last quarter of ’07 and we are down to one income. We’ve been using our savings to keep up with all our payments including our mortgage. We want to proceed with a modification of our mortgage, but with our credit card debt we’re afraid we won’t qualify and [...]

My Husband Lost His Job. What Can We Do To Get Help From The Credit Card Companies? – Cyndi

Cyndi “Dear Steve, My husband lost his job. We are $13,000 in credit card debt. We owe a mortgage and an equity loan. My income covers most but not all expenses. I need to know what I can do to get the credit card company to set me up on monthly payments for what I [...]

Ben Read the Book “Debt Cures They Don’t Want You to Know About” By Kevin Trudeau And Has Questions

Ben “Dear Steve, I read the book called Debt Cures by Kevin Treadeau. It was awesome and it has a lot of tips and help there. What I am trying to do is get an outstanding credit score and it needs to be improved. When you call the credit card company it is pretty darn [...]

Is a Credit Card a Right or a Privilege? – Personal Finance Bloggers Question of The Week

This weeks personal finance brain trust question was: Is having and using a credit card a right or a privilege? WC – A 27-year-old writer living in Chicago and writing about personal finance through The Writer’s Coin. This one’s easy: this is a service. So if I had to pick I would say it’s a [...]

Ed is Disabled and Falling in Debt Fast. What Can He Do?

“Dear Steve, I am disabled and falling in debt faster than i can handle. I am barely staying alive with trying to feed my family. I am behind on my mortgage and regular bills (utilities). I stopped paying on my credit cards just to try and keep my utilities from being disconnected. credit card companys [...]

Bank of America Offers “Clean Sweep” Debt Consolidation Loan Up to $50,000. Let’s Look at The Facts And See Who Is Really Cleaning Up.

In this time of great economic worry and stress, Bank of America is sending out an offer they call their Clean Sweep® – Bank of America® Debt Consolidation Plan. I thought it would be beneficial to take a close look at this offer and use it to help educate readers about what to look for [...]

The Good Side of Check Cashing and Payday Loans

I’ve got to be honest with you. While the righteous scream out about check cashing and payday loan stores, I’m not sure I understand all the fuss. Sure I get the fact about fees and I will admit that I’ve seem some sleazy payday loan stores and outfits. But you know what, I’ve seen my [...]

Bob Was Injured And Is Now Behind On His Credit Cards

“Dear Steve, I’ve been out of work since 10/17/07 (Auto accident) & was let go from my job…I am trying to work with credit card companies. One said they would deffer payments for two months but close the account…How does this effect my credit score with the credit bureau? Does deffered credit card payments (by [...]

Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit [...]

Your Credit Card Company Is Waking Up After A Bender

Have you ever raised your hurting head the morning after the night before after a little to much fun and alcohol? You know, when you’ve got a bad hangover and possibly regret some of what happened the night before. It’s much the same thing that is going on at credit card companies right now. Now [...]

Soon, Where You Shop Will Control Your Credit

Information is already leaking out about the efforts of American Express to closely watch the places their card members shop at as an indication of credit problems. With mounting losses by credit card companies and an avalanche of new bad credit card debt to come, creditors are looking for ways to identify potential high risk [...]

Would You Like to Be a Debt Collector?

Recruitment Video For Debt Collectors This recruiting video for a major banks debt collection department is very interesting if you listen closely to the words. I’d suggest that you even consider watching it with your eyes closed. I think you’ll find the video a very interesting approach to try to put a positive spin on [...]