Prepaid101 asked: Prepaid credit cards, also known as prepaid debit cards, are becoming popular among people unable to qualify for a checking account or credit card. With all the card options, it’s always helpful to know what you are doing before you go out and get a card.Often, people look at prepaid credit cards as…
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The Choice, Debt Settlement or Debt Elimination
Jim Vrana asked: A very common problem for many American consumers is overwhelming credit card debt. Too many people pay their monthly minimums, month after month, without any knowledge that their debt burden may never go away.When a person comes to the realization that they are caught in a never ending payment schedule, they may…
Alternatives to Bankruptcy
John Chase asked: As anyone who has seriously examined Chapter 7 bankruptcy protection knows all too well, filing bankruptcy may be the absolute worst thing that borrowers can do to improve their financial position. For desperate folk suddenly realizing that there is little they can do on their own to achieve debt relief, bankruptcy might…