Category Archives: Credit Card Debt
Having a Budget Can Help Chicago Residents Start Saving and Pay Down Debt
Can there ever be too much of a good thing? Maybe when it comes to budgeting. Don’t get me wrong – sticking to a budget is not only smart, but it can help you kick start a savings plan and even pay down credit card debt and other obligations. Problem is, Chicago consumers have heard… Read More »
New Statements Could Encourage Chicago Credit Card Holders to Lower Debt with Bankruptcy
If you become alarmed when opening your next credit card statement, it might actually be a good thing. Now that the Credit CARD Act of 2009 is in full effect, creditors in Chicago and beyond are required to include a lot more information on your bills. That includes not just the interest rate, but the… Read More »
Consumers in Chicago Could See Limited Credit Card Fees If New Law Is Passed
It seems like just yesterday that a round of credit card reform laws was enacted (well, actually it was just last month). But the Federal Reserve already has another idea to help consumers. If passed, a proposed law will limit credit card fees by prohibiting your credit issuer from charging you more than your violation…. Read More »
More Consumers Turn to Chapter 7 Bankruptcy to Relieve Debt, Say Chicago Bankruptcy Attorneys
The recession may be good for something after all: getting rid of debt. On the one hand, tough economic times are making consumers more reliant than ever on credit, say Chicago bankruptcy attorneys. Many of us have been piling new debts on top of the balances we carried before the recession hit. On the other… Read More »
Chicago Bankruptcy Attorneys Analyze New Credit Card Reform Laws
It’s no secret that recently enacted rules could make having a credit card easier. But while creditors must now limit when they can levy fees, raise interest or even send out a bill, your credit score is still ultimately in your hands, say Chicago bankruptcy attorneys. The last of President Obama’s credit reform measures went… Read More »