From Wall Street Journal.com: U.S. federal regulators are poised to adopt tough restrictions to make it harder for credit-card companies to raise interest rates on millions of existing customers, reversing decades of light regulation of the industry. The new standards, expected to be issued Thursday, would represent the biggest changes to the industry in a generation and will apply to more than 16,000 companies, including major credit-card issuers Citigroup Inc., Bank… **Continue reading**

Destroy Debt has posted an interesting blog entry with advice on how to stop harassing calls from debt or credit card collectors. Below is a quote from the article, but you can read the full text at Debt Collections: Stop the Phone Calls. There is nothing worse than receiving a phone call from a collections department every twenty minutes throughout the day. You know the feeling when your phone rings… **Continue reading** | 3 Comments

Being in debt can be both hard on your wallet and your health, as the extra stress can wear you down. Eventually you may need to look to other options, and one of those options is debt consolidation, which can help you to both pay off the debt more easily and more quickly. To help you make an informed decision, and determine if debt consolidation is the right choice for… **Continue reading** | 5 Comments

MercuryNews.com recently posted an interesting article with advice on how to ease the stress of dealing with debt collectors. Below is a snippet from the article, but you can view the full text by clicking here. 1. DON'T HIDE: It's tempting to avoid creditor calls when you don't have enough money to pay, but that's a big mistake, said Bruce McClary, spokesman for Clearpoint Financial Solutions, a national credit counseling… **Continue reading** | 4 Comments

Being in debt is very much like being in a thick fog; you know there has to be a way out, but you just cannot see it. Rest assured, there always IS a way out, and by simply taking hold of your financial situation and liabilities, you can start to find your way out. 1. Make a Budget Before you can reduce your spending and reduce your debt, you need to figure… **Continue reading** | 4 Comments

Thousands of our current clients and millions of American’s have found themselves in a state of financial hardship due to the current state of the American economy. As consumers slow spending and banks cut back the amount of credit they will issue “Credit Crunch,” businesses are forced to make cutbacks in order to keep their doors open. The casualties of these cutbacks are American workers, and dealing with… **Continue reading**