Debt-Ans.Com

Rogelio Hackett, who stole more than half a million credit card numbers used to rack up nearly $40 million in illicit debt, was sentenced Friday to 10 years in prison and fined $100,000.

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A couple who borrowed to pay for a big wedding is now struggling to pay it off. Here’s a plan to pay down massive wedding debt.

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When we got married, my husband and I decided to have a big wedding that cost $40,000. To pay for it, we took out a personal loan for $20,000 at a 10% interest rate and put the rest on a credit card that initially had a 0% rate but now charges 12%.

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Gathering up all cash, even cashing in RRSPs, to aggressively tackle $134,800 in credit card debt is the first step back to solid financial ground for this Saskatchewan couple

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A new consumer financial watchdog launched a Web-based system to collect credit card complaints on Thursday its first official day of business as a federal regulator.

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