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Credit Card Debt Archives

Credit card debt tops list of millennial concerns

Financial websites frequently survey Florida residents and others throughout the nation. Many surveys are conducted based on generational breakdown. Recently, a financial advice website surveyed millennials about what scared them the most in their lives. According to the survey, credit card debt topped the list.

When to pay off credit card debt

Many Florida residents and others around the country utilize credit cards as part of their everyday finances. In some cases, consumers are able to pay off balances each month and do not incur high amounts of interest. However, others may find themselves with a substantial level of credit card debt. Experts frequently weigh in on how to reduce or eliminate this type of debt. While the predominant advice is to always use extra funds toward paying credit card balances, it may be more prudent to focus on another area first.

Survey shows that credit card debt may be a deterrent in dating

There are a variety of factors to take into account when determining who to date. Opinions on religion, politics and child rearing are often areas of concern. According to a recent study by an online refinancing marketplace, money and finances are also major factors to consider when dating. In fact, the survey showed that over 30 percent of residents in Florida and all over the country considered credit card debt when deciding whether to date a person.

Take control of credit card debt

Many Florida residents and others around the nation use credit cards for emergency purposes or even for routine expenses. However, a recent survey showed that roughly 40 percent of consumers use their cards for a variety of non-essential expenses. The survey also shows that over half of the survey respondents carry a significant amount of credit card debt. Experts have offered several suggestions to break the cycle and get the debt under control.

Over 25 percent of consumers in the nation carry credit card debt

Millions of Florida residents and others around the nation use credit cards each day. While some may use them for a special trip or large purchase, others are using them for everyday expenses or for an emergency. Regardless of the reason for their use, credit card debt is on the rise in this country. In fact, roughly 28 percent of consumers now carry a balance each month on their cards.

Interest rates for credit card debt at all-time high

Many Florida residents and others around the country frequently use credit cards for household purchases. While some consumers only use the cards for large items to earn points, others must use them for everyday expenditures. Still others might need them for emergency situations. Regardless of the type of usage, a recent report from the Federal Reserve shows that credit card debt in the country has now surpassed $1 trillion.

Learn to manage credit card debt

Many consumers in Florida and around the country like to charge their purchases. Whether for convenience or necessity, households in the nation now carry an average credit card debt of around $16,000. The Federal Reserve reports that as a country, there is a debt over $1 trillion. Financial advisors recommend getting control of the debt before there is serious damage to someone's finances

Credit card debt even a problem for some with good credit scores

Many Florida residents and others around the country work hard to maintain strong credit scores. For some, however, credit scores may slip if they struggle with a significant amount of credit card debt. While this is typically the norm for those with significant balances on their cards, it is not always the case. A recent survey by a financial services company shows that even consumers with strong credit scores can still struggle with credit card debt.

What happens when credit card bills go unpaid

It doesn't take much for a Florida resident to fall behind on his or her financial obligations. A sudden job loss, a blown-out car engine or an unexpected illness can all create an immediate and impactful cash crunch. Knowing how to respond can make a big difference in how things will ultimately turn out. The following tips are offered in the hopes of helping consumers know what to do when their credit card bills are 30, 60 or 90 days past due.

Tackle credit card debt with these 3 strategies

Paying off debt can be struggle for many Florida residents and others around the country. Many individuals carry a significant amount of credit card debt because they are able to pay only the minimum due each month. However, many consumers have goals to significantly reduce or even eliminate their credit card balances. Financial experts offer some suggestions on how to accomplish those goals.

Paul Urich
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Law Office of Paul L. Urich, P.A.
1510 East Colonial Drive
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Orlando, FL 32803
Phone: 407-896-3077
Fax: 407-896-3041

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