Recent Posts in credit card debt Category

Four Things to Remember About FTC Rules on Debt Relief

According to an October 23, 2012 WVTM-TV article, it has been two years since the Federal Trade Commission (FTC) implemented new rules regulating the debt relief industry. WVTM noted that consumers ...
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Mayor Emanuel Critical of Governor Quinn Appointee Who Filed Bankruptcy

This Illinois Statehouse News video features Governor's Office of Management and Budget spokeswoman Kelly Kraft, who Governor Pat Quinn chose to be executive director of the Illinois Sports Facilities ...
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More Consumers Refuse to Be Cleaned Out by 'Messy Business' of Debt Collection

Dr. Chris DeRitis, a consumer credit expert at the economic research and consulting firm Moody's Analytics, told the Times-Tribune of Scranton, Pennsylvania, that all debt collection is under the ...
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Layaway Looks Attractive, But Many Plans Can Cause Ugly Problems

On Monday, we discussed the increase in seasonal work this year that could help a lot of families in the Chicagoland area during the holidays. While that additional income could make a real ...
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New Tool Helps Consumers Manage Credit Card Debt, Save Interest

Holiday shopping will be here before you know it, which could make some new tools on one website particularly helpful for thousands of families. The New York Times reported on October 1, 2012, that ...
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American Express Will Pay $112.5 Million For Deceiving Customers

The Associated Press reported on October 1, 2012, that American Express has agreed to pay $112.5 million in refunds and fines after a multiagency investigation of the company revealed the company ...
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Nearly One in Five Households Carrying Student Loan Debt

This CBS News video discusses the increasing number of Americans that are struggling with student loan debt. The Chicago Tribune reported on September 27, 2012, that a Pew Research Center analysis of ...
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Credit Card Debt, Borrowing Fall as CFPB Takes Aim at Add-On Costs

July as consumer debt declined, even as Americans boosted their spending by the most in five months. The Post said it was the first time that Americans cut back on borrowing in nearly a year, adding ...
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What Will Higher Food Prices Mean For You?

While we often write about the problems that the bigger payments like mortgages, medical bills and student loans cause for families throughout the Chicagoland area; however, the truth is that the ...
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Durbin Looking to Help Students Who 'Have No Idea What They’re Getting Into'

As US Senator for Illinois Dick Durbin says in this video of a speech he gave on the floor of the Senate this past April, student loan debt has surpassed credit card debt in America and "it is growing ...
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Is Robo-Signing Sequel Being Put on Plastic?

On Wednesday, we discussed how some Chicago-area homeowners are now dealing with foreclosure notices as lenders begin to tackle backlogs that were amassed while states investigated "robo-signing" ...
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Teens Need to Learn Dangers of Credit Cards Before Heading Off to College

As the video above from WOLO-TV notes, one group being targeted by many credit card companies is college students. In a July 12, 2012 article entitled "Credit cards and college students can be a ...
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