Credit card use: smooth ride or bumpy road?
Here’s a truism that just seems inarguable: Many Americans — a great many, indeed — find credit cards to be simply compelling. That applies to both cautious users of cards and consumers who frequently flash them and think nothing of using them to pay for most goods and services. What is it that accounts for […]
Overwhelming credit card debt may lead to penalty interest rates
When Texas consumers use their credit cards in a responsible manner, there may be several advantages. However, there could be many disadvantages if they are used without planning ahead for how to manage them. One late credit card payment can trigger a host of penalties, including late fees, higher interest rates and lower credit scores. […]
Credit card debt can be useful, if managed properly
The majority of Texas families depend upon credit on a daily basis. Credit is often required to purchase a house and even buy a car. Many lenders want to see a credit history prior to making a lending decision. Individuals will often turn to credit card debt as a way to build a credit history. […]
Do you have more debt than savings?
If you are a San Antonio resident who has more credit card debt than savings, you are not the only one. According to a recent survey, about 30 percent of Americans currently carry more credit card debt around than what they have stashed away for a rainy day. The survey has been performed by Bankrate.com […]
The state of the economy: coping tactics and debt relief
Though the stock market ended the year on a resurgent note, it is becoming clearer all the time that Wall Street is not Main Street. Nearly four years after the official end of the Great Recession, numerous indicators point to the difficulties that many people continue to have in the current economy. In this post, […]
Personal bankruptcy the best option for some Texas individuals
Texas residents may be living paycheck to paycheck in order to make ends meet. However, in spite of what some people may think, even individuals that earn a large salary may still struggle with managing their finances. Due to this inability to manage money, personal bankruptcy is a possibility for more people than just those […]
Legal woes played role in Vince Young’s bankruptcy
Many San Antonio residents may have heard that the former University of Texas and NFL quarterback Vince Young has joined the ranks of professional athletes who have sought bankruptcy protection. It has been reported that the former football star earned $34 million in his six seasons in the NFL, but legal troubles and other issues […]
Credit-card debt: overall national amount is going up
It’s been several weeks since we last wrote about credit card debt. In our September 20 post, we noted trends in the data regarding timely payments by consumers on three different types of obligations. Besides credit-card debt, the other types were car loans and mortgage payments. In today’s post, let’s look at recent indications that […]
Rebuilding credit after bankruptcy: yes, it’s doable
Facing up to financial life in modern-day America often involves tradeoffs between short-term and long-term goals. For example, someone who is in urgent need of debt relief may try to just tough it out a little longer, rather than biting the bullet and filing for bankruptcy. Sometimes people do this, in part, because they’ve heard […]
Bankruptcy filings and the economy: connection not always simple
The relationship between the overall economy and bankruptcy filings is not as simple and straightforward as it might seem. To be sure, the Great Recession and its uncertain aftermath have resulted in lost jobs and depleted asset portfolios that have led many people to file for personal bankruptcy. But it may be that sometimes the […]