Home /
Posts tagged 'debt management'
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: September 28th, 2009
People that have a good FICO score but at the same time they are in a lot of debt and they are making only the minimum payment on all of their bills, debt consolidation would be the best option. Debt consolidation would be the best option because it will help them to get lower monthly payments so they can keep up and will not ruin their credit score. They will also be able to get themselves out of the debt faster.
