Credit card debt in the United States has recently hit an all-time high. Reports indicate that it cumulatively broke $1 trillion earlier this fall. It’s a dramatic spike showing that Americans are more reliant on credit cards than they ever have been before. Of...
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Approach To Bankruptcy
Credit Card Debt
Are you responsible for your spouse’s spending?
You feel that your spouse’s spending has gotten out of control. Perhaps you’re even considering a divorce. You know that it’s impossible for you to pay off the debt that your spouse has accumulated. You’re worried about what it will mean for your financial future. ...
2 signs your credit card debt is getting out of control
Used prudently, a credit card can be an effective financial tool. A credit card can come in handy when an unexpected expense comes up. You can also use it to build and maintain a strong credit history. And, you basically need a credit card for certain transactions...
Credit cards make people overspend
Do you ever get to the end of the month and find yourself shocked by the credit card statement? You knew you were using your credit card all month, of course, but you just didn’t realize exactly how much you spent. You can’t believe that you made so many purchases. If...
Try to avoid careless credit card use
When used carefully, credit cards can be a great asset for consumers. If you’re running short just before you get paid, you can rely on your credit card to make important purchases. Some credit card providers even offer rewards schemes as you make payments....
Strategies for addressing your personal debts
It is a common misconception that only those who are reckless with their funds find themselves in financial troubles, but this is clearly not the case. In fact, many households across America find have money problems, with total household debts exceeding $14 trillion...
Study: People spend more on credit cards
If you’re trying to decide how to save money making your next purchase, one thing to consider is using cash instead of a credit card. That simple change could make a massive difference, even if you’re already wondering what the difference could possibly be. On one...
Reducing the impact a bankruptcy has on your credit score
When difficult financial times occur, it can shake your world. But when debt continues to grow and there is no means to address it, it can leave an individual feeling hopeless. While many seek to put off filing for bankruptcy because they are fearful of how it will...
People with young children more likely to have credit card debt
There are many great reasons to have children in Oregon and when children are born it is a very joyous time. However, raising children is not easy. It takes a lot of patience and can be very stressful trying to make sure they are raised correctly. As many parents...
Credit card debt in the U.S. increases
The amount of money U.S. consumers owe to credit card companies reached almost $900 billion at the end of 2018 according to a recent report from the Consumer Financial Protection Bureau, which means that the total revolving debt in the United States is now more than...
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The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.