Tuesday, January 13, 2009
Credit card companies are taking what they can get from debtors these days!
…the number of troubled borrowers getting payment extensions has at least doubled in the last six months…
http://marketpipeline.blogspot.com/
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Also tagged alternatives to bankruptcy, bankruptcy personal loan, credit, credit card debt, credit card debt bankruptcy, debt, filing personal bankruptcy, how do i file for bankruptcy, information on bankruptcy, personal bankruptcy information, when to file bankruptcy
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Saturday, December 13, 2008
If you read the papers, there has been a lot of different articles recently about credit card debt- the credit crunch has been all over the news…
There are many stories out there, both from the consumers side & the banks’ side.
And now, many banks are raising delinquency fees & lowering available lines of credit.
But, what [...]
Great 2 part serious on how debtors can repair their credit after filing for bankruptcy:
Part I:
http://www.askmrcreditcard.com/creditcardblog/
Part II:
http://www.askmrcreditcard.com/creditcardblog/
This site has a ton of personal finance and bankruptcy information. See the bankruptcy category for more info:
http://www.askmrcreditcard.com/creditcardblog/category/bankruptcy/
Sunday, September 28, 2008
Introduction To Credit Card Debt
Ben Franklin once said:
“I’d rather go to bed without supper than rise in debt.”
What would he think of credit cards?
Regardless of Mr. Franklin’s warnings, credit cards have become big business these days.
By some estimates, the average U.S. household has $9,840 in credit card debt.
So, how did the U.S. get [...]
Wednesday, September 3, 2008
So, you are a debtor filing for bankruptcy protection and you have income north of $25,000 every month. Can you discharge your unsecured debts in a Chapter 7 proceeding?
You’d think that the answer would be “no” after 2005’s BAPCPA, right?
But, what if the debts were mainly related to business instead of being consumer debts?
Interesting question, [...]
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Also tagged 7, bankrupt, bankruptcy, business, chapter, chapter 7 bankruptcy rules, chapter 7 bankruptsy, chapter 7 discharge, credit, debt, file chapter 7
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