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Blog Posts - Credit card debt
How Many Credit Cards Are Too Many?
While there is no magic number that translates to the perfect number of credit cards, you can definitely stretch yourself - and your finances - too thin. When it comes to credit cards, the most important considerations are your income, your spending habits, and your ability to pay your bills...
READ MOREWhat Happens if You Exceed Your Credit Card Limit
Credit cards can expand your economic reach and provide you with a level of economic security in the face of the unknown. Credit cards, however, can also lead to financial trouble, and exceeding your credit limit is a prime example. If you are facing concerns related to a credit card...
READ MORECan I keep credit cards while filing for bankruptcy?
The ability to keep credit cards while filing for bankruptcy depends on several factors, including the type of bankruptcy you’re filing, the terms of your credit card agreements, and the discretion of the bankruptcy court. Below is a breakdown of the key considerations regarding bankruptcy and credit cards. For personalized...
READ MORECreating a strategy to reduce or eliminate credit card debts
The pursuit of financial stability is a goal that many individuals in South Carolina may share, but things might not always go as intended. Sources of monetary unrest can come in numerous fashions, each of which may place significant strain on your finances and leave you in search of ways...
READ MOREHow to successfully conquer holiday debt
Every year, most Americans anticipate spending hundreds of dollars on gifts, celebrations and food during the holiday season. However, 2020 will be the biggest year for holiday spending as sales grow rapidly for the holidays. According to a survey from Magnify Money, the average person racks up $1,325 throughout November...
READ MOREWhat to think about before filing for bankruptcy
Dealing with credit card debts can be an extremely painful experience, and you may feel that the only way you can escape the constant pressure of debt is by filing for bankruptcy. While bankruptcy can be a great way to help you gain a fresh financial start, there are other...
READ MOREAvoiding the trap of payday loans
A payday loan is a general term that refers to high-cost, short-term loans. These types of loans typically fall under the $500-range. You usually owe back the amount of that loan on your next payday. Most payday loans share similar features: They are typically small amounts, in the form of...
READ MOREShould you reconsider taking a payday loan?
When you face financial hardship, it is natural to try to fix the issue as soon as possible. No one wants to suffer from financial stress and continuous worry. You may be considering taking out a payday loan as a quick cure for this financial ailment. A payday loan is...
READ MORECredit card debt carries heavy burden in South Carolina
Credit cards often seem like a lifeline when people in South Carolina have trouble making ends meet. While lines of credit can be invaluable tools for building a credit report or making sure there is food on the table, they can also impose a heavy burden. As household debt recently...
READ MOREAnchoring on minimum payment prolongs credit card debt
Credit card debt is one of the most common financial burdens for people in South Carolina and across the country. In fact, statistics show that the average family carries a credit card balance of about $16,000. This may be spread over multiple cards. More startling is new research showing that...
READ MOREPayday loans hurt more than they help
Money struggles are an issue for many South Carolina residents. Living paycheck to paycheck simply seems to be the norm these days. What happens, though, when funds run out before the next payday? Quite a few people tend to turn to payday loans, but in the end find that they...
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