The High Cost of Surviving

A recent report came out a few days ago linking federal bankruptcy court records with cancer survival rates.  For many Americans the findings were shocking, but for those of us who work in bankrupcty, the numbers were not all that unexpected.  “On average, bankruptcy rates increased fourfold within five years of diagnosis” of a life-threatening [...]

Bankruptcy is the Cost of the Way the Credit Card Industry Does Business

Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be [...]

Are Low Credit Score Credit Cards Really an Answer?

If you’re struggling with the economic recovery since the 2008 recession, it may be very tempting to sign up for one of the numerous low credit score credit card solicitations you’ve received in your mailbox.  But do a little research into what these cards offer and you may discover that they’re not such a deal [...]