Average American Credit Card Debt Is it Really that Bad?

The recent economic crisis has hit the country hard. People have lost their jobs and homes, stocks and real estate values have fallen. Reports also suggest that credit card debts are sky high, with the average American owing about $9,000 on his/her credit card, which is a really scary number. Are Americans really that neck-deep in credit card debt? Or is the situation being blown way out of proportion? [Read more…]

Debt Solutions Have You Been Lied To?

In a time when economics are unpredictable and no one truly knows the best way to proceed, numerous individuals have obtained that all consuming portion of debt we all fear. No matter what caused your current situation, whether it was wishful thinking or wasteful spending, the first thing you need to do is stop feeling sorry for yourself. You are not alone and complaining will not change the current slump in your finances. If and when you are ready to take action, there are certain things to keep in mind. [Read more…]