Category Archives: Credit Card Debt
Fear of the Unknown Can Get In the Way of Financial Freedom
Every Halloween, I’m amazed at how some folks can smile through the most suspenseful of horror flicks, laugh through our city’s infamous haunted house tour and even stroll through the cemetery at midnight on Oct. 31 (OK, maybe that was just my high school friends and me) – and yet remain perfectly petrified of confronting… Read More »
Why Debt Matters And Home Value Doesn’t
Contrary to popular belief, I don’t think America’s biggest obsession is with cars, Starbucks or American Idol. It’s with something a lot closer to home – housing prices. For the last several years, neighborhoods all over the nation have been in a mass panic over home values. Mine is no exception. When a nearby house… Read More »
Give Yourself a Raise This Labor Day By Reducing Your Debts
Labor Day weekend is fast approaching but, for many of us, labor has already been on the brain for months. Nearly 10% of Americans are unemployed. Many more are worried we could become unemployed. Some of us are working more than one job just to make ends meet. And I don’t think I’m going out… Read More »
Bankruptcy Stops Foreclosure By Getting to the Root of Mortgage Problems
Imagine having the best interest rate, decent loan terms and an affordable payment – but still losing your home to foreclosure. It might sound nonsensical, but it’s happening to millions of Americans right now. Rates are the lowest they’ve been in years. Uncle Sam has coughed up $75 billion in taxpayer money to encourage banks… Read More »
Chicago Bankruptcy Lawyers Caution Against Paying Minimum Balance
I’ve got good and bad news. First, the bad – credit card companies are raising minimum payments. Now, for the good – credit card companies are raising minimum payments. No, I haven’t gone crazy. You see, higher minimum payments are actually a blessing in disguise. Yes, they might be more difficult to manage if you’re… Read More »