Archive for the ‘Credit Cards’ Category

ARE CREDIT CARD COMPANIES REQUIRED BY LAW TO ACCEPT LESS THAN THE AMOUNT OWED?

Lately in Augusta we’ve been hearing radio ads from different companies that advise consumers that there are laws the credit card companies do not want to disclose, that would require credit card companies to accept less than the full balance …

Debt Management Plans: When It Makes Sense and When It Doesn’t

Many people who encounter financial hardship and fall behind on their credit card payments may consider a debt management plan. [i]  In the standard debt management plan, a third party contacts the credit card companies on behalf of the …

Do’s and Don’t’s in Dealing with a Collection Agency

Even the most vigilant, conscientious consumers may have to deal with a collection agency at some point.  It could be because a bill was overlooked at some point.  It may be because the consumer disputed the debt, and refused to …

AVOIDING THE POST-HOLIDAY BLUES BY PRUDENT DEBT REPAYMENT

Once the joy and good tidings of the holiday season have subsided, unpleasant reminders begin to appear in the mailbox in the form of higher-than-average credit card bills.  Some consumers may be prepared for their credit card statements, while others …