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 [...]

Is there a right way to use credit cards?

Americans are changing how they use credit. According to a national survey by Javelin Strategy and Research, credit card spending is down, especially in the 18-24 age market.  Does that mean that we Americans aren’t spending or are we doing it differently? According to the NY Times report, the survey showed that “fifty-six percent of [...]

Happy 2010 – Ring in the New Year with Improved Financial Knowledge

Smart Money recently ran a great piece on the basics of understanding the bankruptcy filing process (http://articles.moneycentral.msn.com/Banking/BankruptcyGuide/10-secrets-of-filing-for-bankruptcy.aspx).  Many of the issues presented are ones we witness every day in our Salem, NH office.  Hardworking Americans are struggling because of medical expenses, unemployment has wrecked havoc by leaving families with mounting debt and potential foreclosure, aging Americans have worked hard their [...]

Bankruptcy of the Elder Class

Once the nation’s wealthiest class, today’s retirees are faced with unprecedented financial troubles that often lead to bankruptcy court.

Be on the Look Out for Credit Fraud

Consumers have rights throughout the debt collection process. Here’s what you should know.