debt

Average credit card debt, late payments fall in 1st quarter
smallbusinesscreditnews.com

LOS ANGELES (AP) – Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of credit … “Even a moderate …

9
Like
Save
A Debt Payment Plan That’ll Boost Your Credit
smallbusinesscreditnews.com

The credit card account would be listed as a revolving account. This type of credit offers the option to pay what you can each month as long as you pay a minimum amount. It gives you flexibility on how quickly you pay off the balance, not to mention …

2
Like
Save
Will my Husband’s Business Card Debt Hurt my Credit After Divorce?
smallbusinesscreditnews.com

“If the husband filled it out and signed his name to it, then it’s only he personally that is liable to the credit card company, vis-a-vis the obligations of the card,” Olender says. That doesn’t give you total protection, he adds. If your husband …

4
Like
Save
When Does bad Debt Fall off Credit Reports?
smallbusinesscreditnews.com

After the account was 180 days past due, the credit card company probably charged it off and sold the balance to a collection agency. The seven-year clock began again on that date. It would not restart if and when the collector gave up and sold it to a …

2
Like
Save
Surging student-loan debt is crushing the system
smallbusinesscreditnews.com

Student-loan defaults surged in the first three months of 2013, while efforts to collect bad loans are faltering, according to credit analysts and government audits. It is the latest twist in a college debt crisis that is hanging over recent graduates …

4
Like
Save
Loans up, bad debt down
smallbusinesscreditnews.com

Bad debts held by financial institutions monitored by the central bank have dropped while total loans hit record levels in 2012, according to the latest Bank of Jamaica (BOJ) data. Jamaican loans unserviced for three months or more totalled J$27.9 …

4
Like
Save