Debt Consolidation
Creditor's Database, Contacts & Debt Settlement Policies
Payday Loans Consumer Information for Each US State
Debt Collection Agencies Statute of Limitations by State
Debt Calculators
Sample Letters
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Contact & Link to Us
Can Debt Negotiation Ruin Your Credit?
Differentiate Between Good Debt & Bad Debt
Should I Tear Apart My $300 Limit Credit Card - The Worst Credit Card Ever?
Should I Pay Off my Debt or Save Up for a Down Payment on a House?
Risks of Debt Consolidation, Types of Debt Consolidation Loans, Pros & Cons
2 Ways to Achieve Debt Elimination - Debt Snowball Elimination Method
Payday Loan Debt - No Sign of It Disappearing!
6 Payday Loan Debts Owe
Borrow a Loan to Pay Off Payday Loan?
Debt Collection Agencies in Ohio
My husband was out of his job and Payday Loans were rolling over

Consumer Debt Bulletin & News

American Consumer Debt Worsens as Consumers Heavily Rely on Credit Cards

Debt Consolidation Facts

1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will term you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have atleast 2 credit cards and 14% of them have 10 or more credit cards.

(View Archives)

Debt & Money Quotations

Every morning I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. (Robert Orben)

Well, real estate is always good, as far as I'm concerned. (Donald Trump)

I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living. (Jim Cramer)

Advertising is a ten billion dollar a year misunderstanding with the public. (Chester L. Posey)

Christmas is the season when you buy this year's gifts with next year's money. (Unknown Author)

People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage. (Doug Larson)

The man who never has money enough to pay his debts has too much of something else. (James Lendall Basford)

No man's credit is as good as his money. (E.W. Howe, Sinner Sermons)

A man in debt is so far a slave.” (Ralph Waldo Emerson)

Today, there are three kinds of people: the have's, the have-not's, and the have-not-paid-for-what-they-have's. (Earl Wilson)

In God we trust; all others must pay cash. (American Proverb)

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them (Ogden Nash)

Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after.(Doctor Joyce Brothers)

Some people use one half their ingenuity to get into debt, and the other half to avoid paying it. (George D. Prentice)

A small debt produces a debtor; a large one, an enemy.(Publilius Syrus)

A man in debt is so far a slave (Ralph Waldo Emerson)

Rather go to bed supperless than rise in debt.(Benjamin Franklin)

 

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