http://www.reuters.com/article/2011/10/28/usa-economy-idUSN1E79R0AS20111028 Although spending was up more than expected by financial analysts in September, the numbers were a bit deceiving because the additional dollars spent came out of consumers’ savings rather than from increased income. The problem with this is it’s … Continue reading →

Many business owners who borrowed money from banks backed by an Small Business Administration loan guaranty are now struggling and have fallen behind or about to fall behind on their loan payments. Business owners often believe they have no options … Continue reading →

Paying the minimum payment on credit card debt will leave you paying for a loooooong time.  Use this link to find out just how long it takes to pay off credit card debt. http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx People often find themselves scraping money … Continue reading →

We were not surprised to read (link below) that Rincon Debt Management, a California-based debt collection operation, was calling consumers and their employers, family, friends, and neighbors, posing as process servers seeking to deliver legal papers that purportedly related to … Continue reading →

We were a bit surprised to see the article below reporting that the US average credit score as high as 682. http://www.linkedin.com/news?viewArticle=&articleID=866287599&gid=2078035&type=member&item=77024175&articleURL=http%3A%2F%2Fblog%2Edebtreliefoptions%2Ecom%2Faverage-us-credit-score%2F&urlhash=CDCT&goback=%2Egde_2078035_member_77024175  

It’s notable that credit scores are up while credit card debt is up as well (click on link below).  It’s notable because credit scores are as much a function of outstanding debt as they are of on-time payment history.  This … Continue reading →

The credit card buzzards are circling again. Credit card companies have issued 5.4 million new credit cards over the past 6 months to sub prime borrowers. As this article points out, the credit card companies are offering low credit lines … Continue reading →

The article below was discouraging to read. We have been reading too much bad news on debt lately. In Arizona, we are still seeing a steady stream of folks who are ready to explore having us as attorneys represent them … Continue reading →

Credit Card Late Payments up in September We wish we could say we are surprised by this trend, but sadly we are not. Given the disgraceful interest rates charged by the credit card companies, we expect this trend to continue, … Continue reading →

Crime doesn’t pay for credit card debt! Two Milwaukee men are facing felony drug charges after they were caught selling one kilo of cocaine to an undercover police officer as part of a plan for one of the men to … Continue reading →