Tips, News and Advice from Credit Card Assist

Credit Card Debt & Consolidation Tips and Advice

In our “Debt & Consolidation” blog section, we take a close look at the causes and conditions of credit card debt and debt consolidation and steps that consumers can take to avoid it. With stories and news about credit card debt as well as tips, advice and recommendations on how to climb out of debt and, more importantly, how to avoid it altogether. Here at Credit Card Assist, we outline all of the very best debt reduction ideas and strategies for consumers hoping to avoid all of the trouble that can come with too much debt.

From Around the Web: 3 Best Strategies for Getting Out of Debt

February 7, 2012
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It’s no secret that the Internet is teeming with information about every conceivable topic. Some of the advice is accurate, useful or even inspiring on occasion. But unfortunately, the majority of what’s asserted as fact on the Net is downright wrong, little more than fossilized digital hearsay. Worst of all, this tends to be especially [...]

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4 Ways to Earn More and Owe Less

January 30, 2012
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Are you unhappy with your financial situation? Then do something about it. All over the country, thousands of people are making money in this stagnant economy because they’re willing to work for it. If you want to increase your income or decrease your debt, you need to start making moves. You need to start saving [...]

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If You Love Your Kids, Don’t Open a Joint Bank Account With Them

January 24, 2012
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Opening a joint bank account with your child is a lot like getting a tattoo of your lover’s name – you’re going to regret it eventually. That sounds harsh, but it’s true. Just ask the millions of Americans stuck paying for their children’s debt. It’s understandable that as a good parent you want to make [...]

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4 Ways to Keep Your Credit Card in Check

January 13, 2012
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Don’t get locked in a credit cage this year. While credit cards can be useful, you should never rely on them as your only way of paying for things. Although it’s been proven that depending on your card is the easiest way to rack up a balance and plummet into debt, a new study has [...]

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Using the Debt Dash Method to Pay Down Credit Card Debt

January 9, 2012

Michelle Singletary is the author of The Power to Prosper. In her book she discusses the ‘Debt Dash’ as a method to eliminate credit card debt. Singletary was contacted by a couple in California to ask her advice and keep them motivated on their plan to eliminate their debt. The couple from California is looking [...]

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Americans Looking to Reduce Debt in 2012

January 9, 2012

Along with the resolutions many Americans make to lose weight and stop smoking, many Americans are hoping to improve their financial lives as well. According to the National Foundation for Credit Counseling’s (NFCC) December online poll, 62 percent of Americans said their top priority this year is to reduce their debt.

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Avoid Reviving Old Credit Card Debt

January 6, 2012

Credit card companies and banks are out to find new customers and that includes people with expired debt. All credit card debt that is older than seven years old expires and drops off an individual’s credit report. At that point, it has little or no effect on the credit report. However, with the issuance of [...]

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Debt Collectors Create New Balance Transfer Programs to Go After Debtors

January 6, 2012
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With the floundering economy, debt collectors are becoming even more creative with the ways they go after struggling debtors. One of the newest ways is by a so called “balance transfer programs”. Some debts are unenforceable due to the expiration of the statute of limitations. Since these debts are less valuable to debt collectors, the [...]

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Consumer Credit Card Debt on the Rise Again in 2011

January 6, 2012

The holiday shopping season has taken its toll on American’s credit cards. According to a recent survey of credit card debt, consumers are on track to end the year with a $64 billion increase in their net credit card debt. This is a big turnaround from 2009, 2010 and into 2011. Americans began 2011 by [...]

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4 Most Financially Irresponsible Celebrities

January 5, 2012
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Although celebrities seem to live in the lap of luxury, their bank accounts aren’t always as glamorous as they appear to be. The pursuit of the “famous lifestyle” has led many athletes, artists and actors to abuse their limitless credit cards and spend much more money on five-star hotel rooms and six-figure bottles of champagne [...]

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