Monthly Archives: July 2008

Credit Card Debt Calculator

If you are having trouble determining if you even have a chance of buying yourself out of your credit card debt, I suggest you try the Credit Card Debt Calculator.  You can see it and use it by CLICKING HERE.
For example, I went to this calculator, stated a credit card balance of $10,000.00, at 18% […]

Avoid Foreclosure Scams

The United States Trustee’s office warns you about bankruptcy foreclosure scams.  These are serious matters that can get you in more trouble than the financial trouble of which you were trying to escape in the first place.
If your home is posted for foreclosure in Texas you have very little time to act.  The longer you […]

Is America Going Bankrupt?

At least the British newspaper The Telegraph thinks it has uncovered evidence to this effect. In a report the paper states America is going bankrupt:
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country’s central bank.
A ballooning budget deficit and a pensions […]

A Taste For Credit

Elizabeth Warren is a professor of law at Harvard University School of Law. She researches and teaches about credit issues. She warns in this video about the “taste for credit” and how credit card companies take advantage of that. Let us listen in -

12 Misconceptions About Bankruptcy

MSN Money lists the 12 Myths About Bankruptcy. They are:
1. Everyone will know I’ve filed for bankruptcy. Unless you’re a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. […]