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March 2015 Archives

Bankruptcy can help to stop harassing collections calls

Our post last week about credit card debt, financial insecurity and annual income might have made some people realize that credit card can easily turn into a big problem. The fact of the matter is that credit cards aren't free money. They are a loan for items you want to buy now and things you want to do now. Eventually, that money has to be returned through repayment of the credit card bill.

Credit card debt, financially insecurity and annual income

We have often discussed how credit card debt is what causes some people to have to file for bankruptcy. With the economy on the rebound, credit card debt is rising. In 2014, it is estimated that Americans have approximately $57.1 billion in new credit card debt. That is expected to increase to $60 billion this year. Our Pennsylvania readers might find some points about the skyrocketing credit card debt very interesting.

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