I recently started paying more attention to a common accounting practice in the credit card industry known as “charge-offs.” This week there was news out from the various credit card companies that their “charge-off” rates are showing signs of slowing down. [...]
Stephen Baldwin recently declared bankruptcy and it got me thinking that many celebrities are starving for some basic financial advice. I guess it’s tough when you abruptly strike it rich after years of living paycheck to paycheck. $10 million suddenly [...]
Credit or debit?” asks the cashier. There should be a reason behind your answer, depending on your money situation. You may use your debit card because it keeps you on a tighter budget. But when it comes to fraud, your [...]
More Americans in higher income brackets are asking for assistance with their debt and reaching out to credit counseling agencies. An August survey by Consumer Credit Counseling Service (CCCS) of Greater Atlanta says the average client’s income is now close [...]
As college students stress out over their student loan obligations upon graduation, there may be some temporary relief for those who qualify. It’s called forbearance. Here’s a TSC video on it.
