Category Archives: Credit Card Debt
Federal student loan consolidation as debt relief: important tips
In many ways, student loans can help out someone in need of college money, who might not otherwise have the chance at an education. Many student loans allow deferment until after graduation. However, jobs aren’t always in demand right after someone gets a degree, leaving the borrower in the unfortunate situation of not being… Read More »
Bank of America fined for Orange County mortgage abuse
The $9.3 billion settlement between major banks and the federal government was supposed to provide aid to homeowners in the struggling economy. The agreement was meant to protect them against the types of abusive foreclosure activities lenders were practicing with the “robo-signing” scandal and other actions. But some Florida consumers, judges, and bankruptcy lawyers… Read More »
Payday loans a poor choice for those with financial challenges
In this struggling economy, many Floridians will resort to payday loans as a way to help them take care of unpaid bills and other expenses. Whether online or in-store, a payday loan might seem at first glance to be a quick and easy way to get some debt relief, but many consumers don’t realize… Read More »
Florida residents urged to save and cut back spending
What will you do with your tax return when it arrives? You may be tempted to spend it, but if you’re like at least three quarters of South Floridians (according to a poll by dealnews.com), you’ll be using your tax refund to pay down the balances from credit cards and other debt, or adding… Read More »
New watchdog group to crack down on creditor harassment
Are you tired of dealing with collection agencies? If so, you’re not alone; more than 30 million consumers in the U.S. are the targets of collection agencies. As you may already be aware, some of their tactics go beyond annoying: Many bill collectors have been known to use aggressive and abusive tactics. One man… Read More »
Florida highest in growing identity theft problem
With so many people still facing serious financial challenges in this economy, criminals are getting bolder and more creative in their methods of stealing money and personal information. According to Equifax, identity theft is a growing problem that’s only expected to get worse. An official from Equifax says that identity fraud in the country… Read More »
More fraudulent debt relief and credit recovery businesses halted
The Federal Trade Commission is cracking down on companies that take advantage of Americans who are saddled with debt. Knowing that there are many consumers seeking debt relief, businesses abound that promise deals such as low-interest credit cards, instant approval for those with bad credit, balance transfers and other programs to help those in… Read More »
Consumers urged to be vigilant about credit card debt
For most Americans, December means lots of shopping. Thousands of consumers are frequenting malls and stores, which is good for Florida’s economy, but can be potentially devastating to an individual’s credit. This is the most common time of year for people to over-spend with credit cards, which can result in months or even years… Read More »