Category Archives: Credit Card Debt
Holiday credit card debt can lead to financial challenges
With the approaching year’s end and the holidays winding up, many people in Broward County may suddenly find themselves facing a large amount of credit card debt. This is not uncommon since retailers often pull out all the stops to entice shoppers with end-of-year sales and fabulous discounts. Sometimes, people find that they have… Read More »
Two approaches to eliminating credit card debt
Just as teachers often use different techniques to explain concepts to students, financial advisors can typically recommend different ways for clients to eliminate debt. Countless people in Florida and beyond carry consumer debts like credit cards, but do not know the best way to pay off their loans. Fortunately, there are a couple different… Read More »
Amidst financial challenges, Millennials look to each other
The economic crisis of recent years has had profound consequences on places like Broward County, Florida, and others around the country. And just as neighborhoods, cities and whole states have been affected by the recession and housing bubble burst, an entire generation of Americans may have been groomed by the experience. New research suggests… Read More »
Credit card company says that consumers are less afraid of debt
As consumers use their credit cards more often, the use of debit cards is declining. This is a reversal of the trend that we saw after the financial crisis in 2008, when $141 billion of credit card spending was shifted to debit cards. When the economy was bad, people paid with debit because they… Read More »
More credit card offers available to consumers
Money management is difficult, especially in a tough economy. Some Floridians are struggling to pay off credit card debt. Although credit cards can lead to financial disaster if they’re misused, they can provide consumers with rewards as well as the opportunity to build their credit history. For consumers and merchants, credit and debit cards… Read More »
Consumers may want to think twice about prepaid cards
Even as the economy recovers, some Floridians are still working to improve their financial outlook. For people who are struggling to pay bills, there are ways to find debt relief. Unfortunately, as people search for help, they are also vulnerable to companies that may treat them unfairly. Due to the loss of a job… Read More »
Americans take on more credit card debt
Floridians often turn to credit cards to help them make ends meet. Although credit cards offer short-term solutions, they can also cause financial devastation when they’re not used responsibly. However, sometimes credit card debt is difficult to avoid. Fortunately, people who need debt relief may be rebuild their financial lives through personal bankruptcy. As… Read More »
Americans’ credit card debt on the rise again
Are you using your credit card account as a safety net to protect you from overdrawing your bank account — or to allow you to purchase things you can’t afford on your regular paycheck? If so, you’re not alone. Millions of other Florida residents are spending more with their credit cards, according to a… Read More »
Cutting down consumer debt and getting out of financial ruin
Many states around the country are recovering from the recession, with the job market starting to pick up and consumers able to afford to spend a little more. But Florida is one of the areas whose residents continue to struggle with ongoing financial challenges. The Corporation for Enterprise Development ranked Florida number 47 in… Read More »
Overall debt in South Florida is decreasing
You may have learned the hard way that it’s always good to keep your debts down to a minimum. Some types of debt, such as a mortgage or car loan, are often a necessary part of life, but others, particularly from credit cards, are best avoided or at least kept as low as possible…. Read More »