The recent financial downturn caused millions of consumers to significantly alter their attitudes toward borrowing in general, and many may have particularly focused their efforts on cutting credit card debt, which carried higher interest rates and was therefore generally more costly. The amount of credit card debt being carried nationwide has fallen significantly in recent years, and most… Read More

The past couple of weeks have been filled with holiday parties and eggnog and turkey and gifts and good cheer. If you are like most people, you might have reached for an extra serving of turkey or grabbed an extra cookie when no one was looking. But now that the indulgence is over, something else… Read More

Consumers throughout the nation appear to be bettering their payment habits for credit cards, and in turn, improving their credit scores, as a report by Demos indicates average credit card debt dropped in the first few months of 2012 compared to the last report conducted in 2008. According to the report, which yielded responses from nearly… Read More

The average credit card debt per household that has credit card debt in this country is close to $16,000, according to the Federal Reserve. In some families it’s even more.  So, how to deal? How to cope? Here are some steps. Get Honest. Don’t ignore your debt. Don’t pretend it doesn’t exist. Face the truth… Read More

Have you ever told your friends or family members about your plans to stop smoking, lose weight, exercise more, learn a foreign language, or achieve some other goal? I sure have. And the reason I told other people about my resolution was to commit myself to following through with it. “If I go public with my intention,” I told myself, “I will be more motivated to do it, because I’ll be ashamed to fail in front of everyone I’ve told.”