Debt-Ans.Com

Companies that promise to reduce or eliminate credit card balances and other debt for customers no longer will be allowed to charge an upfront fee.

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Washington Post Friday, July 30, 2010 iStockphoto.com After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new dilemma: customers who are too good. Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. But that business model has been upended by the …

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Let’s face it; life is tough sometimes, especially in these challenging times.

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Credit counseling and debt settlement services are a booming business. But some companies are scamming desperate consumers, making a bad situation even worse. Chris Oaks this week spoke to Gail Cunningham, vice president of the nonprofit National Foundation for Credit Counseling.

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Credit card offers: They come through the mail unasked for and they all scream about the great deal waiting for you when you sign on the dotted line. But not all credit card offers are created equally. There’s something very important to keep in mind: The interest rates for credit card offers are going up. So to ensure you’re getting a good credit card, here are some tips to help you judge the …

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