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How To Reduce Your Credit Card Debt

Unpaid credit card debts are a lawsuit waiting to happen. Save yourself from a lot of headache and learn what you can do to reduce your credit card debt quickly and efficiently. Check The Statements Not only should you check your credit card statement but also your bank statements. The credit card statement shows how much money you owe to your credit card company while the bank statement shows you where your accounts are....

Reasons Why Debts Accumulate

Bad economy, inflation, rising petrol costs, and then some. These factors not only make it difficult for average Americans to live off their income day by day, they also the common causes as to why debts accumulate. However, there are also certain circumstances that make things worse, and eventually, make it almost impossible to settle any financial obligations. In order to help you avoid this situation, we have listed down...

Filling Fees for Summons for Credit Card Debt

If you are in thousands of Americans who received summons for credit card debt, you are probably searching for information on how to make your financial woes go away. When it comes to a possible lawsuit, something as simple as answering the summons for credit card debt is enough to send your creditors moving to the next unsuspecting debtors. That said, answering, and filing a summons for credit card debt will require court...

Credit Card Plan: Is it Necessary?

Credit card protection or insurance will provide coverage for the minimum balance or suspend payments on a covered credit card account. Generally, this coverage will include disability, life accidental, death and unemployment coverage. The state insurance commissioner regulates the rates for this coverage. If you have a large outstanding balance on your account and is not covered by other policies like supplemental life or...

Getting Rid Of Credit Card Debt Through Informal B...

Informal bankruptcy refers to the selection of which debts not to pay without having to file for bankruptcy. In a nutshell, this means informal bankruptcy provides no protection from creditors. For many debtors, it is important to distinguish between secured and unsecured creditors. Once you stop payments to unsecured credit card banks to minimize credit card debt, you strengthen your financial position as you pay secured...

Credit Card Crisis: Why You Need To Reduce Credit ...

Most people are concerned about their own credit card debt. And for good reasons. The fact is, credit card debts incur high interest charges. If one wants to take care of his or her financial situation, he must do what he can in order to reduce debts. These days, it is common to hear news about people getting receiving court summons because they defaulted on payments. Most Americans prefer to use credit cards to purchase...

Credit Card Debt Summons: How To Save Yourself Fro...

Unless you are one of the few people in the country who can afford to spend thousands of dollars on luxurious purchases, you are probably keeping track of your expenses. Unfortunately, a large chunk of Americans prefers credit cards as opposed to cash, when it comes to shopping.  As a result, more and more people are experiencing financial hardships for failure of managing their credit card usage. Once things start falling...

Stop Harassing Collection Phone Calls Now!

Most debt collectors prefer to call delinquent credit card debtors to the phone to threaten them into paying their debts. It is important to note that this is an illegal practice. You have every right to take legal action against debt collectors that harassed you over the phone. According to the Federal Fair Debt Collection Practices Act, a person is prohibited to make improper threats or allegations if a debt is not...

Credit Card Debt Troubles? Know Your Options

The biggest mistake you will ever make is to do nothing. You cannot ignore your credit card debt forever. It won’t be long before you will receive a court summons to force you to take responsibility for the debt, regardless whether or not it is yours. A debtor facing a significant amount of debt need to take immediate action. They can either forget about the debt and do nothing or recognize that they need to settle this...

Why You Should Not Take a CC Debt Collector’s Call...

Here’s what most delinquent credit card debtors don’t know, telephone calls carry no legal weight because there is no record of what is being said during a call. As such, debt collectors take this opportunity to calls delinquent credit card holders and threaten them, going as far as telling lies. This is the reason why it is never a good idea to answer the phone when the debt collector is on the other line. Most debt...

Credit Card Crisis: Disputing A Credit Card Court ...

Most people who owe thousands of dollars in credit cards can no longer pay for them. Eventually, the card provider has no other choice but to file a lawsuit against debtors. Usually, a court summons is sent to the person concerned. Collection attorney are used to debtors that do not respond to court summons to settle credit card debt. The debtor ends up losing the case by default because of his or her failure to respond to...

Plagued By Credit Card Debts? Know Your Options

You got credit card debts that you cannot pay. Combined with steep interest charges, attorney’s fees and collection costs, you proposed an amount to settle credit card debt but the collector rejected it and offered you an outrageously high payoff amount or else they will file a lawsuit. The fact is, debt collectors have a way of instilling fear and hopelessness to delinquent debtors across the country with their empty...