Credit Card Debt

Fredrick’s of Hollywood Files for Chapter 11 Bankruptcy

April 30, 2015

After nearly 70 years in business, L.A.-based Fredrick’s of Hollywood – the racy lingerie retailer famous for introducing the push-up bra – has filed for Chapter 11 bankruptcy relief. Citing issues such as expensive leases, increased competition and declines in mall traffic/storefront sales, Fredrick’s of Hollywood Group, Inc. has noted in its Chapter 11 filing…
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2014 Credit Card Debt Statistics: See How You Fare (Pt. 2)

April 20, 2015

Resuming 2014 Credit Card Debt Statistics: See How You Fare (Pt. 1), here, we will wrap up this discussion by taking a look at the amount of credit card debt the average U.S. consumer is currently carrying. More Fascinating 2014 Credit Card Debt Statistics The following statistics have been compiled based on data from the…
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2014 Credit Card Debt Statistics: See How You Fare (Pt. 1)

April 10, 2015

Credit card debt is often one of the largest sources of debt people have, and it tends to be one of the most difficult to get rid of. In fact, even if you are good about making your minimum monthly payments, it can be hard to start making real headway on the principle if you…
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Settling Credit Card Debt: 6 Facts to Know (Pt. 3)

October 28, 2014

Concluding our blog series Settling Credit Card Debt: 6 Facts to Know, below we will wrap up this discussion by pointing out some final important facts to know when it comes to settling credit card debt. Final Important Facts about Settling Credit Card Debt… Fact 5 – There are alternatives to settling credit card debt…
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Settling Credit Card Debt: 6 Facts to Know (Pt. 2)

October 26, 2014

Picking up from where Settling Credit Card Debt: 6 Facts to Know (Pt. 1) left off, here, we will continue to discuss some important facts to know when you may be considering settling credit card debt. More Important Facts about Settling Credit Card Debt Fact 3 – Research any debt settlement company before signing anything….
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Settling Credit Card Debt: 6 Facts to Know (Pt. 1)

October 23, 2014

As of September 2014, Americans owed more than $880.5 billion in credit card debt, with the average amount of credit card debt per U.S. household being just over $15,600 (according to data from the U.S. Federal Reserve). Clearly, credit card debt is a big problem for many Americans, and this problem can be compounded in…
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6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 3)

May 16, 2014

Concluding our three-part blog 6 Tips That Can Help You Pay Off Credit Card Debt, here are some final tips that borrowers should keep in mind when they are ready to start seriously paying down their credit card debt. Tip 5: Dip into your savings. Your savings should be considered to be a financial safety…
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6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 2)

May 13, 2014

Continuing from 6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 1), below are some additional helpful tips that borrowers should keep in mind when they are ready to focus on paying off their credit card debt. Tip 3: Limit or suspend your use of your credit cards. Paying more than the…
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6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 1)

May 10, 2014

While the total amount of credit debt carried by Americans is reportedly more than $793 billion, the average household in the U.S. carries more than $15,000 in credit card debt (according to statistics compiled by the Federal Reserve and TransUnion). In fact, credit card debt is among of the primary reasons that people end up…
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Five Steps to Getting Your Finances Back On Track (Part 1)

December 26, 2013

With the Christmas holiday over, you may be facing a financial hangover as you start to realize the full extent of how much you spent on this year’s gifts. Although you may want to play ostrich, hide your head and ignore your credit card bills, it’s far smarter to confront your debt head on and…
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