Just as Americans find themselves increasingly indebted to credit card companies and payday lenders, interest rates have begun to rise and housing values have gone the other way. Adjustable rate mortgages have “reset,” leaving millions of Americans with higher mortgage payments than they ever intended, and [...]

When selecting a credit counselor, you have a lot of choices. Thanks to the increased indebtedness of the average American household and changes in the Federal Bankruptcy Code, there are literally thousands of consumer credit counseling services from which to choose. With that in mind, why [...]

The two dominant myths about credit counseling and debt management plans are that (1) they are magic bullets to eliminate your debt, without exception, for pennies on the dollar; and (2) they are rip-off operations that will charge you onerous fees, take your money and run, [...]

In the broad sense, “credit counseling” can refer to any of the educational or debt relief services provided by a credit counseling service. Obviously, taking a voluntary class in budget management will have no direct effect on your credit - although it could help you to [...]

What is credit counseling, and how do you know if it’s right for you? Examine your financial situation. Do you frequently miss monthly payments on at least one of your credit cards or other debts?
Do you have several credit cards which are all close to maxed out? Do you have a credit card that’s currently [...]

Consumers may already be using an RFID tag inside their key chain to pay for gas, allowing the credit card to remain in its spot in their wallet, while MasterCard holders have the ability to tap and go with a PayPass card. Now, a company called ViVOtech is planning to give cell phones the [...]