Category Archives: Credit Card Debt
Media Offers Advice On How To Get a Credit Card, But Not the Debt that Follows
A recent Forbes article reports helps consumers figure out how to obtain a credit card, opining that lenders are being more strict with who gets one of their shiny pieces of plastic. But according to creditcards.com, there are more than 400 million credit cards in circulation in the United States and industry experts believe that… Read More »
Even Mainstream Media Encourage Chicago Consumers to Get Tangled in Credit Cards
A recent Forbes.com article lays out how a person could go about getting a credit card even when he or she has no credit established. The article seems to be aimed at college students or immigrants who have never obtained credit before. But what it fails to reveal is that credit card companies have traps… Read More »
Fed Plan Could Lead Chicago Consumers Into More Debt
Recently, the Federal Reserve laid out a not-so-heralded plan to boost the economy by driving down long-term interest rates in order to stimulate the economy. But the plan only works if borrowers take out loans now, which sends them into debt. Even with low interest rates, this situation can be a challenge to overcome. In… Read More »
College Credit Card Debt in Chicago Can Get Out of Control Without the Right Plan
With many colleges and universities back in session after the summer months, students have a lot to deal with — which classes to take, with whom to make friends and where to live. But, as the New York Daily News reports, they must also consider which credit card to get. Many college students get overwhelmed… Read More »
Tackle Your Chicago Debt Ceiling Without an Act of Congress
Now that lawmakers have “solved” the debt crisis by adding to it by a few trillion dollars, it may be a good time to take a look at our own finances. Most people don’t have the power to add a few trillion dollars to their own debt ceiling, so let’s look at some other alternatives…. Read More »