Money Snatchers

Australians are cautious about adding to credit card debt despite consumer confidence remaining buoyant.

Get ready to get spanked for staying out of credit card debt

Get ready to get spanked for staying out of credit card debt

Five years ago, the Hildebrandt family of New Richmond, Wis., was juggling more than $100,000 in credit card and personal debt. Now they’re living debt-free.

After years of encouraging consumers to load up on debt, the card industry is trying a novel tactic: helping borrowers manage their debt. Tuesday, JPMorgan Chase plans to unveil new credit card features that even critics are applauding as a shift in how consumers can track and manage purchases, as well as pay off debt.

Cash-strapped older Americans are racking up credit card debt faster than other consumers amid dwindling retirement portfolios and rising medical costs, a study shows.

Debt-settlement companies typically try to negotiate with credit card companies to reduce the amount you owe. Rising unemployment has led to a sharp increase in the number of consumers who are behind on their payments, creating a receptive audience for their services. But like a weight-loss product that causes you to gain 10 pounds, some of these programs could leave you even deeper in debt.

Totaldebtrelief.net Successfully Rolls Out Nationwide Credit Card Debt … -… 8 Jul 2009 at 11:14am Total Debt Relief provides a matching service.

One misstep and you’ll tumble into the abyss of credit card debt hell, a mounting spiral of missed payments, fees, high APRs, and rate increases that will take years to recover from. Only by remaining vigilant can you hope to avoid this …

Many consumers are feeling the weight of credit card debt. Understanding strategies for dealing with it is important.