Credit Card Debt
Credit Card Debt > About Us
Credit Card Types • Debt Consolidation • Fixing Bad Credit
Excessive credit card debt is a serious problem for many families in
America. In recent times, this problem has been exacerbated by
worsening economic conditions. Credit cards are convenient money
management tools that can help finance home improvements, higher
education, and other short term cash flow requirements. However,
credit cards do offer a temptation to live beyond one's means and run up
large outstanding balances. Unexpected medical expenses and job
losses are other common reasons for running up credit card balances
quickly. In these situations, the resulting credit card debt can
become difficult to manage, and in extreme situations, filing for
personal bankruptcy may be the only solution available.
However, in most cases, help is available. You may be able to negotiate lower interest rates with your creditors for your outstanding balances. Credit counseling services may be able to work out a budget with you and negotiate with lenders on your behalf for lower interest rates, extended payment schedules, or even debt reduction. You may also be able to consolidate high interest rate credit card debt into a lower rate home equity loan. However, a home equity loan typically requires a lien on your house, and the lender may foreclose if you do not make payments on your home equity loan.
CreditCardDebt.us features a directory of credit counseling and debt consolidation resources. You are encouraged to read the referenced FTC articles about credit and debt. Before signing any finance or loan agreement, read its terms and conditions carefully, and consult with your attorney if you have any questions or concerns.
Debt Consolidation and Debt Counseling Resources
- Crown Financial Ministries
Money management articles and resources, including The Dos and Don'ts of Credit Cards.
www.Crown.org - Debt Free Living
Debt-Free Living: How to Get Out of Debt – And Stay Out, by Larry Burkett.
www.Amazon.com
FTC Credit Information and Resources
- Dealing With Debt
Learn about credit counseling organizations and find advice and guidance about selecting a credit counselor.
www.Consumer.FTC.gov - Free Annual Credit Reports
If you have ever applied for a credit card, a personal loan, or insurance, a credit file, known as a "credit report" exists for you. Learn where to obtain a government-authorized free credit report.
www.Consumer.FTC.gov
Credit Counseling Resources
- NFCC
The National Foundation for Credit Counseling, through its member agencies, sets a national standard for quality credit counseling, debt reduction services and education for financial wellness.
www.NFCC.org - Christian Credit Counselors
This debt counseling ministry for families and individuals was founded in 1990 and works with both clients and creditors.
www.ChristianCreditCounselors.org
Black Credit Card with Security Features
All rights reserved.
About Us. Contact Us. Search.
For your convenience, certain links will open in new windows.
Credit Card Debt - Debt Consolidation - Debt Counseling
Recent Credit Card News
- Banks' Credit Card Defaults Dip in August on Forbearances
While most credit card issuing banks record a decline in default rates for August 2020, the actual impact of economic slowdown is likely to be felt in the latter half of the year and even next year.
Swayta Shah. Zacks. Thursday, 17 Sep 2020 13:02:00 GMT. - Scammers target college students with fake housing and credit cards
The Better Business Bureau is warning students not to fall for these scams. If the price seems low, it's probably too good to be true.
Jeff Ehling. ABC News. Wednesday, 16 Sep 2020 21:23:56 +0000.
Woman Burdened by Credit Card Debt