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Posts tagged "Credit Card Debt"

Unexpected scenarios in which credit card debt may arise

Experiencing the struggle of falling behind on credit card payments can be a harrowing process. Similar issues can stem from habits of overspending, or even a sudden change in income. However, there are certain scenarios in which individuals in Oregon may encounter troubles with credit card debt that may prove to be somewhat unexpected in nature.

Dealing with credit card debt after the holidays

As the holidays come to a close, there may be many individuals in Oregon who are counting the days until the season comes back around. However, others might be busy counting up the amount of money they currently owe for recent holiday purchases. While figuring out a plan for how to handle high levels of credit card debt could be crucial, experts suggest that consumers could also benefit from taking additional measures to address their financial woes.

After the gifts are unwrapped, credit card debt may remain

After all the presents have been unwrapped, the holiday shopping season may have come to an end for many families in Oregon. However, those who did most of their shopping with use of credit cards may still be experiencing the aftermath of the holidays for months, or even years to come. Those who are dealing with credit card debt may wish to know more about how to obtain financial relief, but they may feel as though their options are limited.

Credit card debt: Federal Reserve increases rates once again

The holiday season is a time when many consumers in Oregon set out to purchase a variety of gifts for those they hold dear. Without the necessary cash on hand to fund their endeavors, many shoppers may turn to credit cards for assistance. With interests rates once again on the rise, those who rack up a substantial balance over the holidays may find themselves in search of relief from the burdens of credit card debt.

Studies indicate credit card debt is once again on the rise

Many consumers in Oregon are no stranger to the challenges of dealing with high credit card balances. Carrying a high balance from month to month can be a daunting experience and many individuals might be uncertain of the steps to take to cut down on their debts. Even with a strong economy and low unemployment rates, reports indicate that credit card debt remains on the rise.

Taking an aggressive approach for relief from credit card debt

There are many individuals in Oregon and elsewhere who have faced the unfortunate reality of falling behind on credit card payments. With extensive interests rates that can make it difficult to bring balances down, credit card debt can appear exceedingly oppressing. Those who wish to cut down on balances could benefit from taking a more aggressive approach at dealing with similar obligations.

Retail credit card debt is an issue for many holiday shoppers

For many consumers in Oregon and elsewhere, the holidays are a time to shop for presents for family members and friends. With the promotional offers and the promise of discounts that many stores provide upon signing up for a retail credit card, the holidays may also be a time when many individuals consider taking on a variety of new financial obligations. While the rewards may seem enticing, the penalties of defaulting on similar accounts could lead to severe struggles with credit card debt.

Holiday shopping season may leave some with credit card debt

With the holiday season approaching swiftly, many individuals in Oregon have already begun compiling a list of potential gifts to purchase for their loved ones. While holiday sales can help consumers find a variety of items at reduced prices, in some cases, they can also lead to issues with overspending. As some consumers might not have enough cash to fund their endeavors, the holiday shopping season could also leave many with substantial amounts of credit card debt.

Reports suggest credit card debt could be contagious

Many individuals in Oregon are no stranger to the burdens of dealing with outstanding debts. The root of a person's financial troubles can come from various sources, and in some cases, one could experience monetary strain due to the habits and spending patterns of a significant other. Recent reports indicate that many individuals have encountered issues with credit card debts after assuming responsibility for the debts of their partners.

Using caution when pursuing relief from credit card debts

Falling behind on credit card payments can be a harrowing experience. Individuals in Oregon who have credit card accounts that have fallen into collections may receive offers to consolidate the debt, and these offers may seem exceedingly enticing. However, one may find it advisable to use caution when choosing a method to pursue relief from credit card debts, as some methods may bring about unforeseen consequences.

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The Law Office of Kim Covington

The Law Office of Kim Covington
1445 Willamette Street, Suite 9
Eugene, OR 97401

Toll Free: 800-673-1891
Phone: 541-393-2790
Fax: 541-344-6466
Eugene Law Office Map

Phone: 541-393-2790
Toll Free: 800-673-1891
Fax: 541-344-6466