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Much like credit counseling, debt settlement agencies work with you and your creditors to help you become debt free. However, unlike credit counseling agencies, who work with your creditors to get you a lower interest rate, debt settlement agencies work with your creditors to reduce your debt balance. Sounds pretty easy? There are some drawbacks and things to avoid… Read More

Citing the need to help consumers beleaguered by their credit card debt, the U.S. Senate has passed legislation that would ban abusive practices by credit card companies. Read More

The rules governing credit cards may soon change, as Congress and the President pursue sweeping changes to the nation’s credit card laws that could affect many people suffering with credit card debt. Read More