Debt is one of the biggest problems facing American consumers these days. The spending habits of Americans have been less than stellar in the past few years. The majority of American consumers also carry revolving credit card debt due to high credit card spending. With the economic and employment crisis, American consumers got into debt more and more.
If you are one of those who have been affected by the widespread debt problem, you might find these practical guides to getting yourself out...
The credit bill is going to get passed soon enough, but is it really enough to get Americans off debt in the long term? Some say that legislation will take care of that by limiting and reigning in the credit card industry, which seems to have been running wild the last few years. Others argue that the problem is actually the American people themselves, specifically their spending habits.
So, where does the problem lie? If you really take the time to look at it, you'll see that the problem is...
Credit card debt is a widespread problem nowadays. With the economy the way it is, the situation is bound to get worse. As a result of the credit card crisis, cardholders are turning every which way to find a way to settle their debts.
Getting out of debt is not impossible and there are many ways to do it. However, not all lead to debt resolution. Case in point – the recent controversies regarding debt settlement companies. Many cardholders have fallen victim to these companies that are...