Credit Card Debt

Some New Jersey residents, as well other Americans, choose not to follow the goings-on in Washington, D.C. However, many decisions by those elected and appointed to jobs in the federal government can have significant impacts on people's lives and finances.A prime...

It may seem easy for a billionaire like Mark Cuban to advise people not to use credit cards. However, the entrepreneur, Dallas Mavericks owner and star of the TV show "Shark Tank" grew up in a middle-class family and helped pay his own way through college by giving...

For many people, spending can get out of control, and the credit card debt can sneak up on you. Even if you don't have a big vacation planned, day trips to the beach, summer blockbuster movies, dining out, weddings (with the obligatory presents), tennis lessons for...

Credit card debt is not simply a problem for young or even middle-age people. Increasingly, seniors are carrying large amounts of credit card debt. Moreover, they have challenges for paying it off that younger people may not, particularly if they're already...

You have been saving up an emergency fund. It's taken you a few years, but you've slowly put money away and now you have $10,000 in the bank.However, you also have $10,000 on your credit cards. You're wondering if it's better to have that emergency fund and your debt,...

The Federal Reserve recently announced that it will raise its benchmark rate by a quarter of a percentage point. More rate increases are expected in the months ahead.Many people don't keep up with the actions of the Fed. They don't realize how much they can impact...

Credit cards are a good thing to have, as long as you use them in the right way. It is easy to fall into the habit of thinking that you can spend whatever you want as long as you have credit remaining on the card. This can lead you into a financial abyss if you charge...

Last week, we talked about some of the things debt collectors might try to get you to pay them. One of the ways you can defend against aggressive or even unethical debt collection practices is to understand and assert your rights under the Fair Debt Collection...

Credit debt is an ongoing problem for many people in New Jersey. Ignoring the problem will not make it go away. If you are struggling to make minimum payments, you should learn more about your options. Assess your financial situation Evaluate your financial situation...

If your New Year's resolutions include resolving old debts, keep reading. According to the Federal Reserve, almost half of households in America can't pay off their credit card bills each month. The combined debt figure tops $800 billion owed to plastic accounts.That...