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Posts tagged 'credit card debt'
Written by: Timothy McFarlin | Publish date: March 1st, 2012
Falling behind on your payments or having a delinquent account can be a very stressful situation for most people. The majority of people want to pay their bills on time, pay their credit cards off, and maintain a good credit score. However, sometimes things that are out of our control leave us financially unable to make our payments. The loss of a job, or a medical emergency might be the reasons behind your late or absent payments, but the debt collectors don’t care about what your reasons are. All the creditors want to know is when you will be making [...]
Written by: Timothy McFarlin | Publish date: October 13th, 2010
The two most common types of debt consumers find themselves in are revolving debt and installment debt, but what are the differences between revolving debt and installment debt, and is one better than the other? As a California bankruptcy attorney, I get asked this question from time to time. Revolving Debt The most common revolving debt is Credit Card Debt. Credit card debt can be the most difficult debt to pay off and get out of for a number of reasons. In that regard, credit card debt is bad debt and really offers no benefit to the consumer. It is [...]
Written by: Timothy McFarlin | Publish date: December 20th, 2009
The bloated APR is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It’s a strategy other subprime card issuers could start adopting to get around the new rules.
Written by: Timothy McFarlin | Publish date: November 23rd, 2009
People appreciate simple and meaningful over expensive and useless
Written by: Timothy McFarlin | Publish date: September 14th, 2009
These percentages are based on the importance of the five categories of the general population. For particular groups of people, the relative importance of these categories may be different (for example, someone who has not been using credit for that long).
