Consumers racing to beat the bankruptcy clock are out of time. Today, the long-awaited new bankruptcy law takes effect – making it more difficult for individuals to file Chapter 7.

Based on preliminary data for the week ending Oct. 15, researchers at Lundquist Consulting estimate there will be more than 200,000 personal bankruptcy filings. That’s nearly triple the number of filings in the week ending Oct. 1, which itself was a record high. Americans filed an average of 30,000 a week in the past four years.

…continue reading the article titled Bankruptcy Filings Soar Ahead of New Law

Credit card companies generate astronomical revenues off of FEES - late fees, over the limit fees, $29 here, $39 there - it adds up fast!
In response to harsh criticism to these ever increasing fees, credit card companies are starting to introduce a round of “new and improved” card offerings - BUT BEWARE and be sure to do your homework before you decide if these offers work for you!

…continue reading the article titled Is There Such a Thing as a Gentler, Softer Credit Card offer?

Good question that i’m asked alot about!

Should you borrow from your 401(k) plan to payoff debts?

Some might argue that it makes sense as you’ll end up paying yourself back with interest.
If you have money problems, borrowing from your 401(k) plan may seem like an easy answer. In fact, in theory, it makes sense.

…continue reading the article titled Should I borrow from my 401(K) plan to payoff my debts?

Perhaps you’ve already heard the news…Credit Card Minimum Payments are on move and that’s UP not Down! For many people, this is enough to create havoc as they struggle to maintain their existing minimum payments.

…continue reading the article titled Credit Card Minimum Payments On The Move!

Several readers have e-mailed us on how to select a debt settlement company. Here is our input on the criteria you should use and the list of the best of the best. We hope this helps you in finding your solution for the right debt settlement company.

Several readers have e-mailed us on how to select a debt settlement company. Here is our input on the criteria you should use and the list of the best of the best. We hope this helps you in finding your solution for the right debt settlement company.

…continue reading the article titled How to Choose a Debt Settlement Company!