Debt Management

Payday Loan Customers Ask Congress To Protect Short Term Credit

Armen Hareyan — Thu, 15 Oct 2009 09:47:19 -0500

Community Financial Services Association says its thousands of payday loan customers send letters to the U.S. Congress asking to protect the access to short term credit.

Congressmen Want To Speed Up Credit Card Reform

Armen Hareyan — Fri, 09 Oct 2009 08:32:35 -0500

While the credit card reform is in the horizon, some members of the congress want to speed it up. Currently the new reform is schedule for the end of the February of 2010.

Some Debt Settlement Companies May Provide Unmet Expectations

Armen Hareyan — Tue, 06 Oct 2009 09:31:48 -0500

Whenever someone is considering debt settlement with a company in that business there should be several steps that take place before any papers are signed. A good debt settlement company that properly trains their employees will ask a few questions before slamming an unsuspecting consumer into a debt settlement program.

Are you looking at every possible debt settlement option?

Armen Hareyan — Fri, 25 Sep 2009 17:34:00 -0500

Typically when someone enters a debt settlement program they need to fit a set of criteria that includes having at least $10,000 in bad consumer debt and a very good reason why the debt has become delinquent. Valid reasons include loss of job, lowered income, divorce, medical issues, and even limited fixed income.

Consumer Credit Counseling Service Offers Free Debt Counseling

Donna Diegel — Tue, 22 Sep 2009 13:05:22 -0500

Deep in debt? The Consumer Credit Counseling Service can help. Founded in Fort Wayne, Indiana in 1965, the CCCS is a non-profit community service committed to helping people with their debt management program.

Aiful, Japan's Top Consumer Lender Seeks Debt Payment Suspension

Armen Hareyan — Thu, 17 Sep 2009 21:13:31 -0500

One of Japan's largest consumer lender Ailful sought to restructure and suspend its dept payment as the Asian and Japanese stocks fell on Friday morning.

JPMorgan Blueprint credit card encourages spending

Cheryl Phillips — Tue, 15 Sep 2009 11:04:06 -0500

JPMorgan Chase is hoping to help consumers manage their debt while still spending with the unveiling of their new credit card, Blueprint. It is typical for credit card companies to want consumers to increase their debt but the Blueprint card is taking a innovative new angle to keep consumers spending. Blueprint helps consumers take charge of their finances with free tools they can use to pay down balances, manage everyday spending and pay off major purchases.

The Debtor's Revolt Starts Here

Michael Santo — Mon, 14 Sep 2009 12:28:09 -0500

The mortgage meltdown was bad enough, but a credit card debt meltdown has been forecast by some analysts. It doesn't help when creditors arbitrarily raise interest rates, and that's what's happening here.

Credit card debt consolidation loans to help out of debt

Wed, 09 Sep 2009 06:45:51 -0500

If considering a consolidation of debt, there are several options available. The excessive speed has become a major cause of the crisis.

Debt Consolidation Loans Are Getting Harder To Obtain

Armen Hareyan — Thu, 03 Sep 2009 20:37:13 -0500

A lot is being written about debt and the many ways consumers are dealing with the record amount of debt in their daily lives. Today I want to talk about debt consolidation.

Debt Consolidation Companies That Don't Offer Credit Card Relief

Armen Hareyan — Wed, 02 Sep 2009 19:00:30 -0500

The current difficult economic hardships have put millions of consumers under heavy credit card debt and pushed them to knock the doors of the debt consolidation companies that offer credit card debt relief. However, many are left without help in terms of falling under further debt as they have met dishonest companies with false debt relief promises.

Credit Card Act of 2009 Phase 1 Starts Today

Denise Clay — Thu, 20 Aug 2009 07:48:19 -0500

Commonly known as the Credit Card Act of 2009, its official title is the Credit Card Accountability, Responsibility and Disclosure Act of 2009, the Act is to be phased in three phase with the first going into effect today. This Act was established to protect consumers from the credit card issuers’ practices of increasing rates and fees.