Category Archives: Credit Card Debt
Credit Card Companies Targeting Kids With Prepaid Debit Cards
It used to be that kids wanted a cash allowance – today, they want a credit card of their own. Credit card companies like Visa and MasterCard are increasingly marketing prepaid debit cards to teens and preteens. And they’re convincing parents to buy the cards for their kids by pitching them as an easy way… Read More »
Credit Score Myths That Can Lead To More Debt For Chicago Consumers
Could the idea of a perfect credit score actually be a damaging myth? It seems that everyone from debt relief companies to singing pirates has been promoting the importance of a high credit score, but it turns out it may be an elaborate scam, say Chicago bankruptcy lawyers. Not that there’s anything wrong with having… Read More »
The Truth About Bankruptcy’s Effect on Chicago Credit Scores
The most common myth about bankruptcy is that folks who file will never see a good credit score – but the truth is, they might actually see a better one. According to an expert from Bankrate.com, it’s possible to not only rebuild credit after bankruptcy but to improve to a score of 750 or more…. Read More »
Why More Elderly Americans Are Passing Debt On To Their Families
I always thought of Grandma as the penny-pinching, coupon-clipping type. So I was more than a little surprised when, after she passed away, we learned that she’d left Grandpa with thousands of dollars in debt. Sadly, it’s becoming an even more common scenario in today’s economy. Rising healthcare costs and medication prices coupled with dwindling… Read More »
Chicago Consumers Should Weigh Rewards, Risks of New Credit Card Offers
If you’ve checked your mailbox lately, you probably already know that credit card companies are pulling out all the stops to lure new customers in 2011. But are the latest credit card offers worth it? Following a period of tighter credit, credit card offers nearly doubled in 2010, according to a recent market study. On… Read More »