As many employers laid off workers and people in Oregon found themselves without jobs, many consumers turned to credit card to help pay the bills and provide food for their family members. Many of these people found how difficult it could be to wipe out credit card...
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Credit Card Debt
Proposed bill would work to protect the credit of consumers
Consumers in Oregon who face overwhelming debt and are unable to continue making payments may face consequences like creditor harassment, negative reporting to credit bureaus, and wage garnishment. If a person cannot afford to pay debts, bankruptcy offers an option...
Rules revised regarding credit for stay at home spouses
Credit cards may be used for a variety of different reasons. Some people use credit cards to build credit and help get better rates on loans for larger items after they have a higher credit score. Others use credit cards as a way to supplement income to buy things...
Oregon company appears to be struggling with financial woes
When a company ends up with debts that they are unable to pay, they may choose the option of filing for bankruptcy. Although filing for bankruptcy in Oregon may cause the company to close, it could provide relief from debt and stop creditors from pursuing the company...
Some job applicants disqualified after credit checks
For many people in Oregon, credit card debt is a serious burden. Often, unmanageable credit card debt stems from a major life change like a job loss, a serious medical issue or a divorce. When people no longer have the income they relied on for so long, or acquired...
Improve your finances by understanding credit cards
Many people in Oregon know what it's like to have credit card debt. When you don't have to pay for an expense right away, it can be easy to let debt build up. When this happens, you may end up facing a huge bill at the end of the month. If this happens month after...
When creditors come calling, what should you do?
As we've discussed in previous blog posts, credit card debt is an issue that plagues people - -young and old -- across Oregon and throughout the country. While some people are able to at least make minimum payments to keep creditors off their backs, others simply...
Boomers face more credit card debt than recent grads
Two weeks ago, we posted about the trouble recent graduates in Oregon and elsewhere can find themselves in if they are not careful with their credit cards. Getting into substantial debt when you're young can mean years of trying to work your way out of it, but what...
How credit card debt could affect new graduates later in life
Credit cards make many things possible for Oregon residents. While they can certainly be helpful at times, it is important to make sure that they are not being used to the point where they are no longer making things better but worse. A study that took place recently...
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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.