Getting your first credit card is a pretty big deal. After years of watching the adults in your life confidently talk about bills and credit scores, it's finally your turn to rise to the challenge. At the same time, it is easy to get swept up in the excitement of...
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Credit Card Debt
Alternatives to credit card debt settlements
Debtors in Oregon may try to settle their credit card debt for less than what they currently owe. They can choose to do so either on their own or with the help of a debt settlement company. However, there is no guarantee that credit card companies will agree to reduce...
Missed credit card payments lead to more fees and penalties
Families in Oregon have many demands on their income. A credit card debt analyst at NerdWallet explained that the rising costs of housing, food and health care continue to strain budgets and sometimes lead to missed credit card payments. Research from the Federal...
Credit card debt again on the rise
Many people in Oregon are struggling with excessive credit card debt. The financial shock to the economy in 2008 did not make long-term changes to how people handle their finances, especially once people went back to work if unemployed and started to bring in larger...
Secured credit card vs. unsecured
When you are trying to rebuild credit, a common suggestion is to open a new credit card that you can absolutely make payments on. One of the fastest ways to rebuild credit is to make sure it is revolving: keeping the balances low each month and paying them...
Have high interest credit cards? You may be able to lower them
Are you frustrated by overwhelming high interest rates on your credit cards? Does making the minimum payment each month feel useless because the interest charges nearly replace that payment? Did you know there is a chance you can lower your interest rate just by...
Late Credit Card Payments Continue To Rise
With the rise in interest rates has also come an increase in late credit card payments. According to Business Insider, while late payments on other kinds loans (student loans, for instance, and mortgages) remain the same or are in fact decreasing, late payments on...
Do you know the APRs of your credit cards?
Families can face all kinds of expenses, including the many related to raising children. It is not uncommon for families to turn to credit cards to help with these costs.Many things can have major impacts on families that use credit cards. This includes the annual...
Preventing credit card debt by avoiding certain transactions
Consumers in Oregon and elsewhere may use credit cards to fund a variety of financial transactions. While making smaller purchases on credit accounts might seem harmless, these purchases can add up quickly if a person isn't careful. However, while a person can amass...
Practicing caution when using a credit card as a financial tool
Many individuals in Oregon and elsewhere consider it essential to cultivate and maintain a positive financial future. While working toward improving one's credit score, there may be several available options to assist in the process, one of which is a credit card....
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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.