Recent Posts in Credit Card Debt Category
Posted on Jan 16, 2012 By Scott Wilson
The Supreme Court ruled in favor of arbitration in cases involving consumers and companies that issue low-rate credit cards to people with low credit scores. Under the new ruling, consumers are no ...
Continue reading "Supreme Court Decision Favors Arbitration" »
Posted on Aug 11, 2011 By Jacoby & Jacoby
Through the past decade, debt has become increasingly common for college students throughout the U.S. According to FinAid.org, the amount of student loan debt among graduating college seniors averaged ...
Continue reading "Debt - A Way of Life for College Students in America" »
Posted on Jul 25, 2011 By Jacoby & Jacoby
Most consumers are relatively familiar with the concept of overdraft protection, and many have experienced firsthand the fees that may be incurred when one spends more than is in their checking ...
Continue reading "Why even bother with overdraft protection?" »
Posted on Jul 14, 2011 By Jacoby & Jacoby
At the beginning of March 2011, Experian released interesting data regarding credit card spending over the 2010-2011 holiday season. Though the average debt on credit cards decreased by 4% compared ...
Continue reading "Brief Analysis of Credit Card Spending Over the 2010-2011 Holiday Season" »
Posted on Jun 6, 2011 By Jacoby & Jacoby
Consumers throughout the U.S. are borrowing again, but many are reluctant to borrow on credit cards. According to statistics from the Federal Reserve Board, the amount of outstanding credit card debt ...
Continue reading "Consumers are Still Borrowing, but Less on Credit Cards" »
Posted on May 31, 2011 By Jacoby & Jacoby
If you are one of many Americans over your head in credit card debt, paying off your cards may be easier said than done. Some borrowers see paying down debt as denying themselves the things they want ...
Continue reading "Debt Control Starts With Self-Control" »
Posted on May 27, 2011 By Jacoby & Jacoby
The recent recession has brought to light a key issue of concern: Americans' failure to live within their means. When the real estate market was on the rise, credit was all too easy to get and many ...
Continue reading "Can we take on the challenge of living within our means?" »
Posted on May 6, 2011 By Jacoby & Jacoby
"Do you want to apply for a card and save 15% on all today's purchases?" If you have recently made a purchase at a large retailer, you may have heard these words at the checkout stand. "Save 15%" or ...
Continue reading "Tempted to apply for a store-brand credit card? You should know the risks." »
Posted on May 3, 2011 By Jacoby & Jacoby
What is the true cost of credit card transactions, for merchants and cardholders? It may be more than we realize. Merchants pay approximately 1-3% of every credit card transaction in order to accept ...
Continue reading "The True Cost of Credit Card Rewards" »
Posted on Mar 11, 2011 By Long Island Bankruptcy Lawyer
Consumer credit use has dropped since the beginning of the Great Recession, which seems like good news for a country plagued by excessive consumer debt (often in the unhealthy, revolving credit-card ...
Continue reading "One Bandwagon to Hop on: Credit Card Spending Down" »