Part of the joy of the holidays for many here in Brownsville is giving. Going out and purchasing gifts for friends and family that they know the recipients will like and enjoy often provides a lot of joy for the giver. The problem is that joy may not last if...
Helping You Navigate Complex Legal Issues
Credit Card Debt
Dealing with credit card debt collectors
It is easy for expenses to sneak up on a Texas resident. A cup of coffee here, a quick lunch there and a few unplanned purchases can easily add up to a significant amount of credit card debt over time. If an individual fails to notice how much of a problem it is until...
Credit card debt continues to rise
On the one hand, as consumer confidence in the economy rose, so did the amount people spent. On the other hand, as people continued to struggle financially, so did the amount of their debt. In both scenarios, the amount of credit card debt carried by consumers...
Step-by-step guide to tackling credit card debt
Debt can weigh down almost every aspect of a person's life. Texas individuals facing high amounts of credit card debt have some options for addressing their amounts owing; however, it is important to take the right steps in the right order. Here are some...
Consequences of only paying the minimum when in credit card debt
It is not uncommon for Americans to carry a balance on their credit cards. Those who are having difficulty with payments may opt to only make the minimum monthly payment on the balance, usually between $20 to $25 or between 1 and 3 percent of the total balance....
Should I pay off my credit card debt with a personal loan?
Most people have a love-hate relationship with their credit cards. These cards are useful when funds are tight, but they can also present a heavy debt burden for the average Texas consumer. Although there are a few smart choices for dealing with overwhelming...
Carrying credit card debt likely not helpful for credit scores
According to a new report, 22 percent of credit card users carry a balance in hopes of improving their credit score. However, carrying a balance on a credit card is not one of the five main criteria for a credit score. Being closer to a credit limit due to...
What is the best card to pay off when facing credit card debt?
Those holding debt in many different places often struggle with deciding who to pay off first. This is especially true when facing credit card debt from multiple Texas credit card companies, juggling the many balances owing with factors like interest rate. On top...
What to do when credit card debt is in collections
When debts are not repaid, people run the risk of their accounts being sent to collections. Many people in Texas who are getting collections calls due to credit card debt or other outstanding balances may wonder about the best course of action when facing these...
In Texas, credit card debt goes to spouse after someone dies
There are many conversations about how to live with debt, but what about dying with it? Many Texas residents have questions and misconceptions about when happens to their credit card debt after they pass away. With the average American holding $62,000 in debt,...