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Credit Card Interest - America's Debt Help Organization
Credit card companies make a sizeable amount of money off the interest on unpaid balances. Visa, the largest credit card company, had a 43% profit margin on sales revenue of $12.7 billion in 2014. MasterCard, the next biggest credit card company, had profit margins of 38% on $3.6 billion in net income. Those profit margins are twice the average of the rest of the financial services...
Debt Consolidation - How to Consolidate Credit Card Debts
How to Consolidate Your Debt?
Making the decision to consolidate debt is the first step. Ignoring your debts will not make them go away; it will make your problems worse. The sooner you get help with your credit card debt and make a plan to repay, negotiate, or consolidate them, the sooner you'll be living a life free of debt.
Know Your Options
A debt management plan or debt...
Unsecured Debt – Types and Solutions
Priority vs Non-Priority Debt
Unsecured debt is any debt that is not tied to an asset, like a home or automobile. This most commonly means credit card debt, but can also refer to items like personal loans and medical debt. Unsecured debt creates less stress and fewer problems for consumers because they don't stand to lose an asset if they don't repay the debt.
If you fall behind on payments for...
Chapter 7 Bankruptcy - Debt.org
Chapter 7 Bankruptcy
If you have serious financial problems, Chapter 7 bankruptcy can resolve your debts, but expect to lose some property in the process.
Need more info? Call now! (833) 238-8171
What is Chapter 7 Bankruptcy?
Some people refer to Chapter 7 as "liquidation bankruptcy'' because it discharges most of your unsecured debt. That includes credit card debt, medical bills and personal...
Fair Credit Reporting Act - Debt.org
The Fair Credit Reporting Act (FCRA) is a federal law that regulates credit reporting agencies and compels them to insure the information they gather and distribute is a fair and accurate summary of a consumer's credit history .
The FCRA is chiefly concerned with the way credit reporting agencies use the information they receive regarding your credit history. The law is intended to protect...