How Much Does Resolving Personal Debt Cost?

Posted on 30. Dec, 2011 by in Blog

Did you know that the current average credit card debt totals about $16,000 per household, with an average Minimum payment of about 3% at a 13% Average Percentage Rate (APR). Most people just pay the Minimum that is shown on monthly statements similar to the following: “your minimum amount is 3% of your unpaid balance [...]

Jump Off the Credit Card Merry-Go-Round

Posted on 22. Dec, 2011 by in Blog

Join the crowd! Swipe that card and you don’t need to worry about a thing — at least for now. The number of credit card holders was projected to grow to 181 million Americans by 2010. (Source: Census Bureau). And, according to the Federal Reserve Bank of Boston in January 2010 the average user has [...]

Maximizing Your Credit Card Minimum Payments

Posted on 15. Dec, 2011 by in Blog

Boy, it gets awfully boring paying $500 or so every month to cover those card minimum payments. Instead of paying that minimum, how about paying that amount into a special Debt Resolution Plan for just 7 months to completely eliminate that entire debt? I know that sounds too good to be true. That’s what I [...]

In Debt? Who? Not Me!

Posted on 10. Aug, 2011 by in Blog

I guess I must have been living in la la land not to think about this before. Why would anyone ever think that I was in debt? Well, c’mon, everyone has bills. I can always pay my bills. Oh, I guess when I don’t pay my bills is when I start getting “in debt.” With [...]

Erase 100% of Debt? No Way

Posted on 04. Aug, 2011 by in Blog

That’s what I thought, when I first heard about this process over 7 years ago. It must cost a small fortune to do that. If you’re already in debt over your head, how on earth are you going to afford to pay for this service? Some people I know had already zapped out 6 or [...]

Debit Card Fees Could Be On The Way, Customers Ready To Jump Ship

Posted on 04. Aug, 2011 by in Blog

A recent Associated Press-GfK poll has found that approximately two-thirds of consumers use debit cards over credit cards and that many of those customers would “jump ship” if even a small $3 per month charge was added to their accounts each month for the right to use those bank cards. When asked how they would [...]

Get More Involved In Planning For Your Retirement Nest Egg

Posted on 04. Aug, 2011 by in Blog

Individuals have to be more involved in their retirement planning than at any time in our history. The general trend is to move toward self-directed retirement plans and away from traditional pension programs. Several states have proposed gradually switching from guaranteed retirements to programs that will require employees to take a greater role in their [...]

Credit Card Debt Hits Record High

Posted on 31. Jul, 2011 by in Blog

Credit card debt has hit a new record of $49.41 billion in May, with three-quarters of credit cards now accruing interest, according to the latest figures from the Reserve Bank of Australia. Total credit card debt has increased year-on-year by almost $2 billion, despite a slowdown in the number of new credit accounts opened from [...]