Credit Debt Credito

El Show CES 2012 Smartphones a prueba de agua y tabletas con pantallas de 3D

2012-01-15T19:16:28Z

La TV 55EM9800 de LG. Este televisor de 55 pulgadas (1,4 m), 4 mm de espesor y pantalla con tecnología OLED se llevó el premio al mejor aparato del CES. Se espera en el mercado en el segundo semestre del año a 5.000 dólares.

Smartphones a prueba de agua y tabletas con pantallas de 3D en el CES 2012
CES 2012: Aplicación puede hacer que el iPhone produzca sensaciones
VIDEO: ¿Cómo es el Lumia 900 que presentó Nokia en el CES 2012?
Un USB con 1 terabyte de capacidad fue presentado en el CES 2012
La TV OLED de 55’, una de las grandes atracciones del CES 2012
Lenovo nos aproxima a su notebook convertible y a la PC todo en uno
Así fue el primer día del CES 2012 en el Centro de Convenciones de Las Vegas

La Recesion por Las Deudas USA EEUU

2011-08-07T20:23:39Z

Duedas - La primera semana del mes de agosto de 2011 podrá ser reconocida como el momento donde los Estados Unidos se dio cuenta que una segunda recesión es inevitable. La semana pasada el problema era sobre la deuda de los Estados Unidos pero el congreso llego a un acuerdo para resolver el problema antes de que llegara una crisis.

Pero parece que la crisis va llegar de todas maneras. El desempleo en el país todavía está en el 9% y los problemas sobre los préstamos de casas con Fannie Mae y Freddie Mac siguen. El pesimismo y el miedo fue evidente el jueves en la bolsa de valores cuando tuvo su peor día desde el 2008. Después de una pérdida de 4% en la bolsa de valores, el país y el mundo se dio cuenta que los problemas no pueden seguir siendo ignorados.

Desafortunadamente las inversiones políticas como la ley de estimulo no tuvieron el efecto que se esperaba. El miedo también subió después que S&P bajo la clasificación de crédito para los Estados Unidos a AA+. Los expertos dicen que todo parece que vamos a una segunda recesión, es verdad?

]]> Mientras los lideres en Washington tratan de averiguar una solución el pueblo sigue sufriendo y sin trabajo. Aunque mucha gente tratara de culpar a un líder político o a un partido político, la realidad es que este es un problema más grande. Es un problema de costumbres y de estilo de vidas de gobiernos y de uno mismo. Una segunda recesión será devastador para el país y el mundo, pero posiblemente estamos en una corrección y no una recesión como la del 2008. Es obvio que el problema económico todavía existe y que una recesión no se puede arreglar en poco tiempo, pero uno vive en un mundo que exige resultados rápidos y es más fácil tener miedo que tener esperanza. Con un poco de unidad política que pone los intereses del pueblo arriba de los de su partido y los de sus donantes grandes, el país y el mundo puede salir del peligro.

Univison.com tiene un video sobre el miedo que hay sobre la situación económica y la decadencia del sueño americano. Decidan ustedes la realidad sobre la situación en su país y en el mundo.

Los Empleos Fines de Semana

2011-07-29T13:30:51Z

La sensación de que la ciudad se está quedando vacía, combinada con la falta de empleos, hace que gente como Jesús Saldaña considere seriamente irse, incluso si esto significa dejar el sitio donde han vivido por años.

"Este era un lugar movido, había trabajo, pero ahora no hay nada", comentó este californiano de 24 años, que vino a Dalton cuando tenía 16.

"Uno veía gente, autos que iban y venían. Ahora, ni siquiera los fines de semana hay gente en la calle", expresó, parado frente a la vivienda de un amigo en el complejo de departamentos Walnut Creek, a un paso de la Cuarta Avenida.

De los más de 30 departamentos, sólo diez están ocupados, expresa. Un cartel dice "Departamentos del 1 al 16 disponibles para alquilar" en un complejo vecino.

]]> Hay indicios de que mucha gente, principalmente hispanos, se están yendo de Dalton, aunque aún no existen cifras oficiales al respecto.

"Ha habido una decaída muy grande en la economía", declaró el alcalde de Dalton David Pennington. "Lo que nos distingue es que hay muchos inmigrantes recientes, sobre todo hispanos, que vinieron en busca de trabajo, se radicaron y, cuando empezaron los despidos, muchos se fueron".

La tasa de desempleo del área metropolitana de Dalton fue del 12.6% en marzo, levemente inferior al 13% de enero, pero sigue siendo una de las más altas de Georgia.

La cantidad de indocumentados en Giorgia ha fluctuado. Pasó de los 490,000 del 2007 a los 460,000 del 2008, y subió a 480,000 en el 2009, según el Departamento de Seguridad Interna.

La mayoría de los expertos coincide en que la recesión está estrechamente relacionada con la merma en la cantidad de indocumentados, especialmente si se tiene en cuenta que uno de los sectores más golpeados es el de la construcción, que emplea a muchos recién llegados.

En Dalton, el principal factor fue la debilidad de la industria de fabricación de alfombras. Varias fábricas grandes cerraron o despidieron a mucha gente. Además, se está haciendo cumplir más estrictamente las leyes de inmigración, según residentes de la zona.

Un recorrido por las calles de Dalton, especialmente el sector oriental, donde se instalaron muchos hispanos, muestra cómo se deteriora el área. Abundan los carteles de casas "En venta", pero no son tantos como los que ofrecen viviendas en alquiler.

Frente a la casa de la familia Hernández en la Avenida Ashworth hay una casa vacía, cuyo dueño abandonó al no poder pagar la hipoteca.

"Destinó todo el dinero de devolución de impuestos del año pasado para mantener la casa, pero al final de cuentas no pudo hacerlo", manifestó María Hernández.

La señora Hernández y su marido, Gustavo, compraron su casa hace siete años, cuando los dos trabajaban 60 horas a la semana en una fábrica de alfombras. Ahora trabajan un par de días a la semana y han tratado infructuosamente de vender la vivienda.

Están tan desesperados que María está considerando volverse a México, por más que estén en el país legalmente.

"Mi hermano falleció el año pasado y no pudimos ir porque no teníamos dinero", expresó la señora Hernández, quien tiene cuatro hijos, de entre 18 y cuatro años.

"Mi madre está enferma y no puedo ir a verla ni enviarle dinero", manifestó.

Pennington cree que quienes se iban a ir, ya se fueron.

"Buena parte de la gente que se fue probablemente era indocumentada. No podían acogerse a los beneficios (sociales) y fueron los primeros en irse", declaró. "Quienes compraron casas, o nacieron aquí, están bien establecidos y no se van a ninguna parte".

La cantidad de embargos hipotecarios en esta región es más del doble que hace tres años.

Entre mayo y noviembre del 2007 hubo 123 embargos mientras que en octubre del 2009 y marzo del 2010, hubo 470 según Gaile Jennings, directora ejecutiva de la Community Development Corp. de Dalton-Whitfield.

"Antes teníamos cinco en un año", agregó.

Dalton llegó a tener 50,000 personas, ahora suma unas 40,000. Ante la partida de tanta gente, las ventas al minorista descendieron y la municipalidad no cobra tantos impuestos.

Las deportaciones del padre o a la madre en las familias origina que el resto de los integrantes se vaya con ellos.

Trabajador Indocumentado Sin Papeles

2011-07-29T13:24:21Z

El estado sureño de Nevada tiene la mayor proporción de trabajadores indocumentados en Estados Unidos, una población que ha crecido pese a un desempleo récord, indicó un informe sobre inmigración sin papeles.

El informe anual del Centro Hispánico Pew publicado este martes muestra que aproximadamente un 10% de los trabajadores de Nevada son inmigrantes indocumentados que no están autorizados por el gobierno federal a trabajar.

]]> Los 1 millón 850,000 trabajadores ilegales de California son el grupo más numeroso en la nación, pero solamente representan el 9.7% de la fuerza laboral de ese estado.

Nevada también tiene el mayor porcentaje de inmigrantes indocumentados, con el 7.2%. Sólo el 3.7% de los habitantes en el país son inmigrantes indocumentados. La población de personas no documentadas de Nevada era del 9.4% en 2009.

La tasa de desempleo en esta región ha subido al 14.5%, la más alta en el país.

11 millones de indocumentados

El número de inmigrantes ilegales en Estados Unidos se estabilizó en cerca de 11 millones el año pasado, poniendo fin a un descenso de dos años desde el inicio de la recesión, según Pew Hispanic Center.

El estudio mostró que 11.2 millones de indocumentados vivían y trabajaban en Estados Unidos en marzo de 2010, una cifra que prácticamente no registró cambios respecto al año anterior.

El informe, que se basó en datos de la Oficina de Censo de Estados Unidos, señaló que el número de inmigrantes ilegales en la fuerza laboral se mantuvo estable, en cerca de ocho millones.

Este estancamiento sigue a una caída de dos años en la población inmigrante, de 11.1 millones en 2009 desde un máximo de 12 millones en 2007, en el comienzo de la recesión en Estados Unidos.

"Lo que hemos visto en el pasado es que el flujo de inmigrantes no autorizados, en particular desde México, ha estado muy estrechamente ligado a la situación de la economía de Estados Unidos", dijo a Reuters el demógrafo Jeffrey S. Passel.

"Hemos visto grandes caídas en los flujos de ingreso (de inmigrantes) cuando Estados Unidos entró en una recesión, y un gran aumento cuando la economía de los Estados Unidos estaba en auge", añadió.

El tema de qué hacer con la población de inmigrantes divide a los estadounidenses.

El presidente Barack Obama apoya una reforma inmigratoria integral, reforzando el control pero brindando una oportunidad a millones de inmigrantes ilegales de un estatus legal, mientras que los republicanos generalmente se inclinan solamente por un enfoque de vigilancia.

Un estancamiento en Washington ha llevado a legisladores republicanos en cada vez más estados a apoyar medidas contra la inmigración ilegal y recusar la ciudadanía a niños nacidos en Estados Unidos de inmigrantes indocumentados.

El estudio halló que el declive en el número de inmigrantes ilegales ha sido especialmente significativo en los estados de Colorado, Florida, Nueva York y Virginia, que habían registrado un crecimiento previo en su población de ilegales, además de en Arizona, Nevada y Utah.

Passel dijo que factores como la economía local en problemas, junto a iniciativas para detener a inmigrantes ilegales, posiblemente contribuyeron al descenso.

"Podemos señalar a la economía tal vez como el principal factor (...) aunque Arizona y Virginia también aprobaron una legislación restrictiva para limitar la inmigración de indocumentados", explicó.

Conseguir con la Reunificación de Deudas

2010-08-04T19:37:40Z

Como Consolidar Deudas - Deudas de Tarjetas de Credito

En definitiva, lo que consigues con la reunificación de deudas es convertir todas tus deudas actuales, ya sean a largo o a corto plazo, en una deuda única menor y a largo plazo, y con ello, pagar menos cada mes.
Requisitos para la consolidación de deudas

* Una copia de tus gastos mensuales, para presentarla en el banco y ver si eres capaz de pagar la cantidad mensual unificada.
* Debes tener ingresos mensuales estables para poder pagar el préstamo.
* Puede que necesites un co-firmante (una persona que firme como que se hace responsable de tus pagos si tu no lo haces) o una garantía material, como una casa o un coche.

Tipos de deudas que se eliminan con la consolidación de deudas

Los préstamos para consolidar deudas normalmente se conceden para pagar alguna de las siguientes deudas:

* Deudas de tarjetas de crédito.
* Deudas médicas.
* Deudas de tarjetas concedidas por entidades comerciales.
* Préstamos personales.
* Préstamos para estudios.
* Cheques rechazados.

Credit Card Company Debt Collections

2010-02-07T12:10:31Z

Credit card companies are concerned with recovering their money. Period. They are not out there, searching for the largest debt. They are looking for payments from all credit card users. This is the only way they will save themselves from bankruptcy. The government is aware of the economic condition, and the financial capacity of the consumers. Bearing this in mind they have established debt relief programs so that the flow of money from debtors to the financial institutes continues.

]]> With debt relief made available to customers, they can either eliminate their dues using this channel or debt settlement. During debt settlement the customer typically uses a debt settlement company that makes negotiations with the credit card company or financial institute. The professionals here have the capacity to negotiate with the companies to grant a reduction in the debt amount which in most successful cases is about 50% of the actual debt balance.

This works in favor of the customer, who anyway does not have sufficient funds to repay the company. In the mean time, the customer even gets to save up the money to be repaid, and when ready with the sum, clears his or her debt. The process has really worked in favor of the debtor as well as the creditor, looking out to recover as much money from the market as possible. So I guess you may now understand why creditors are worried and how you can use debt settlement to eliminate debt.

Eliminating credit card debt has never been so easy for consumers with balances over $10,000. A professional debt settlement company will be able to eliminate credit card debt by 60% on average. They also provide free debt counseling. Try the following link to locate legitimate debt settlement companies in your state and see how they consistently eliminate consumer credit card debt.

Credit Card Earnings Interest and Fees

2010-02-07T12:08:39Z

It is simply astonishing the amount of money credit card companies make just on interest and late fees. The typical American consumer likes to live a lavish lifestyle and unplanned purchases are something that almost all consumers will put on credit cards. This consumer based society came to a halt with the recent credit crises and consumers are now understanding that they cannot continue to live beyond their means. Another thing that many American consumers are realizing is that they can legally eliminate credit card debt through a process known as debt settlement.

]]> In our recession-hit economy, people are either losing their jobs or suffering pay-cuts. This has lead to a state of panic, with each of us wondering how exactly we are going to pay back our debts. If you think debtors are the only ones worried, think again. Creditors too have a large responsibility of bringing back the money they have lent in the market. Here, creditors are worried and you can use this to eliminate debt.

Why Pay Credit Cards before Mortgages

2010-02-07T12:06:40Z

A new study shows that many people, when faced with a financial crisis, are not putting their mortgages first.

TransUnion, one of the big credit bureaus, recently released a report showing that an increasing number of consumers are choosing to pay their credit card bills before their monthly mortgages.

The percentage of people delinquent on their mortgages but current on credit cards jumped to 6.6 percent in the third quarter of 2009, up from 4.9 percent in the third quarter of 2008.

]]> "I think the biggest message that the data shows is that consumers' priorities have changed," said Sean Reardon, the author of the TransUnion study and a consultant for the credit bureau. "This is really a reflection of the housing bubble bursting and the ripple effect of the recession."

The percentage of consumers current on their credit cards but delinquent on their mortgages first surpassed the percentage of consumers up to date on their mortgages but delinquent on their credit cards in the first quarter of 2008, according to TransUnion.
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"The implosion of the mortgage industry over the last 24 months, the resetting of adjustable-rate mortgages and the weak job market have all come together to redefine how consumers are managing their finances and meeting or not meeting their credit obligations," said Ezra Becker, director of consulting and strategy in TransUnion's financial services business unit.

Many people see their credit card as an emergency source of funds. They may not be able to afford a mortgage payment, but they can make a minimum credit card payment. For them, it's not about buying flat-panel televisions or toys for their kids. Instead, they are using credit to buy food or gas or pay for other basic necessities. When faced with a choice at bill-paying time, they are opting to pay their credit card accounts so that reservoir of money doesn't get snatched away.

For the study, TransUnion looked at consumers who had at least one credit card and one mortgage. The company examined 30-day credit card and mortgage delinquency data.

The shifts in payment behavior are even more pronounced in California and Florida, two states that have experienced high foreclosure rates and significant decreases in home prices.

Foopets Puzzle Pirates Pay Credit Card Later

2010-02-07T12:03:58Z

A new payment option for anyone without a credit card or a debit card, no matter how young, has just become available. It’s initially offered by FooPets and Puzzle Pirates, online game companies that are business partners of Kwedit.com, a start-up based in Mountain View, Calif.

Minors as well as adults can buy items in the games with a “Kwedit Promise,” which can be paid off later in a number of ways with a credit or debit card, for example, or with cash sent in a mailer that Kwedit supplies.

]]> But here’s an entirely new payment option: A user can print out a barcode and head to a 7-Eleven store, which will accept cash, scan the code and notify Kwedit that payment has been made. In the next three months, a Kwedit logo will join those for credit cards and other payment methods on the doors of all 7-Elevens, a company spokesman says.

As game purveyors, Kwedit’s current partners sell virtual goods whose marginal cost is virtually zero, so there’s no risk of real financial loss if the promise is not repaid. But by offering Kwedit’s service, the game publishers capitalize on the most frictionless form of sales: buy now, pay later.

At FooPets, users “adopt” lifelike digitally animated pets and then buy virtual goods for them, including food, beds and chew toys. The site’s core demographic is 12- to 14-year-old girls, said Scott Sorochak, a co-founder of FooMojo, which operates the site. The company says that FooPets has one million active members and that it is signing up 20,000 to 25,000 new members daily.

“Kwedit is the first payment system we’ve used that doesn’t require getting a parent involved,” Mr. Sorochak said.

Now an eighth grader, on her own, can use a Kwedit Promise to buy a virtual 40-pound bag of Purina Puppy Chow. The chow exists only as a photograph of a Purina package, but FooPets instructs its users that the care and feeding of the digital pets they’ve adopted should be regarded as a serious matter. “Your FooPet is a real creature that lives online,” the company’s Web site says.

It’s ontological nonsense, but the money that is paid for the pixels is certainly real. (The big bag of virtual puppy chow costs $3. For parents with deep pockets, a “rustic bungalow” is $333.)

Systems like these — known in the industry as nurturing games — are built to require regular investments of time and, for fullest enjoyment, money. The games are usually hosted by social networks like Facebook, or can connect to such networks so friends can follow one another’s progress. They feature living digital property — the crops in FarmVille or the fish in Happy Aquarium — that can die without care and feeding. At FooPets, death is averted because, after a short period of neglect, the pet goes to a FooShelter. (And reclaiming it becomes an expensive proposition.)

In 2008, about $510 million was spent on virtual goods in the United States, and last year the amount almost doubled, to $1.03 billion, according to a report prepared last month by Inside Network, a research firm based in San Francisco. Justin Smith, the company founder, estimates that the market will grow to $1.6 billion this year.

Kwedit’s system rewards users for repayment. Initially, the credit extended is modest, only $2 to $5. And a Kwedit score, modeled on a credit score for use by game publishers as a guide to how much credit should be extended, is set low.

Free Government Debt Consolidation Loans

2009-12-04T13:57:59Z

Free Government Debt Consolidation Loans - Credit Card Debt Consolidation Loans Pay Off Your Loans with Government Debt Relief. While the current economic crisis is still being ironed out, the situation is likely not going to get any better until at least a few more years so being smart with your finances is crucial. Chances are that you probably have a good deal of debt either from student loans, credit cards or medical bills. Owing a ton of money can cause a great deal of anxiety so paying them off will help to relieve the financial burden.

]]> Consolidating all your loans using some of the available free government debt relief programs will really help you to manage and keep track of your finances. Each year, billions of dollars go unclaimed simply because many individuals do not know that such programs exist. The benefits of doing so are tremendous as these programs can help to lower your monthly payments and reduce interest rates.

If you think about it, it makes sense that the government would offer debt relief to struggling individuals as there will be serious economic consequences if millions of loans are defaulted. In addition to these services, there are also programs offered by lending institutions that help with debt consolidation. However, they tend to charge a fee depending on your needs and how long you use them for.

One of the downsides to using such paid services is that they will typically require some type of collateral. The best part about free government debt consolidation loans is that there are no strings attached so be sure to do a search online for local service representatives in your area. Then schedule a free consultation so they can better determine the best plan of action for you to eliminate your debt.

These government debt relief programs work on your behalf to consolidate your loans by contacting your creditors to negotiate better terms for you. If such programs are not readily available, then you definitely need to consider consulting with a credit counseling agency. Even if you have to pay a fee, they are usually worth it as they typically outline a specific plan that will help you towards a debt free future.

Credit Card Consolidations Lower Debts

2009-12-04T13:38:33Z

Deudas - Best Credit Card Consolidation – Which Companies? Where do I find the best credit card consolidation company?

What is the most common form of debt troubling Americans nowadays? Probably the improper usage of credit cards should number one on the list. Then, the need for the best credit card consolidation available in the market today. Credit card debt is fast becoming a major issue with a large number of debtors. One way of dealing with credit card debt is to opt for reliable credit card debt consolidation services. But how do you determine if a credit card consolidation company is trusted and reputable?

]]> Hector Milla Editor of the "Credit Card Debt Free" website -- http://www.CreditCardDebtFree.org -- pointed out;

“… credit card consolidation can be a great way to tackle debt, especially if it is becoming difficult to make the monthly payments. With the ongoing economic crisis, any unexpected expenditure can make difficult to pay all your monthly financial obligations. A recommended service? there is no one but several companies that could be considered as outstanding, it is all about researching properly”

Then researching and comparison is highly recommended, it is the only way to avoid going further in debt. As matter of fact, there are reputable credit card consolidation and with little research those firms will be easily identifiable. Nonetheless, by using online specialized review websites you will be presented with some options.

“We have reviewed and listed the best 5 credit card consolidation companies according to certain criteria, for example Better Business Bureau checked, costumer service, interest rates etc. However, consumers should consider that debt consolidation is not the best option in every case and that debt settlement is an incredible debt management program for those far away in debt …”

Then again, the research and comparison suggested previously is not just about the companies but also about the different debt management programs in order to find the one that meets perfectly your very specific financial situation.

Further information about trusted and reputable companies for credit card debt consolidation and debt settlement by visiting; www.creditcarddebtfree.org

Less Credit Card Losses in Canada Debt

2009-12-04T13:29:58Z

By John Greenwood "The Financial Post" December 4, 2009 - Canadian Imperial Bank of Commerce and Toronto- Dominion Bank signalled yesterday they believed the worst of the consumer credit crunch is over, lowering provisions for credit-card losses, despite uncertainty about the sustainability of the economic recovery.

So far most of the major banks have taken lower-than-expected fourth-quarter bad-loan provisions, but CIBC may be among the most sensitive to any upward trend in defaults because its huge portfolio of credit-card loans, one of the biggest in Canada.

]]> Unlike other types of obligations such as mortgages or car loans, credit-card debt is unsecured, leaving the lender with limited options if things go wrong.

Yesterday, however, investors focused on CIBC's profit, which rose to $644-million in the fourth quarter, up 48% from the same quarter the year before. Its shares closed up $1.52 to $70, their highest level in more than a year.

"If [CIBC] is right and the economy's going to recover imminently, that's great, but if 2010 turns out to be worse than expected, they will be impacted significantly," said Brad Smith, an analyst at Blackmont Capital.

In the three months ended Oct. 31, Canada's fifth-largest bank set aside $224-million in provisions to cover bad credit-card loans, down from $248-million in the prior quarter.

Analysts estimate CIBC's credit-card portfolio at more than $10-billion.

Total provisions for bad loans at CIBC were $424-million, down from $574-million in the third quarter, reflecting the bank's view that the North American economy is on the upswing.

Toronto-Dominion Bank, which also reported yesterday, was almost as optimistic in its lower-than-expected provisioning and rosy long-term outlook, though it cautioned that the year ahead may be a bumpy ride.

On a conference call with analysts, Ed Clark, the chief executive, said he expects bankruptcies to move up in 2010 "from the extremely low levels we have seen so far," peaking below levels seen in previous recessions. By 2011, economic uncertainty will be dispelled amid rising employment and a generally brighter outlook.

Results at National Bank of Canada, which also came out yesterday, and Bank of Montreal, which came out last week, reflect similar optimism.

The trend has some analysts raising their eyebrows.

"The whole credit thing is a concern for me because there is nothing to support the levels of provisioning the banks are doing," said Mr. Smith, who argues that the past two years have been so unusual in financial markets that it impossible to predict where the economy is headed.

"You can't look to the past to support the adequacy of the provisioning," he said.

"All you can do is assume the banks have better information than I have when they say that the credit clout will clear imminently and recoveries will be very strong."

According to Statistics Canada, the Canadian economy pushed out of recession in the most recent quarter, growing at an annualized pace of 0.4%, the first sign of positive growth in a year.

But many economists worry that the picture may get cloudy again once Canada, the United States and other countries run out of stimulus money and taxpayers start paying the bill for the unprecedented bailout of the global financial system.

Consumer Credit Card Counseling Help

2009-12-04T13:25:22Z

Retailers say it only takes a few minutes of your time to save when you sign up for your first in store credit card. Brian DeLaney with consumer credit counseling says shoppers beware. "They might be tempted a little especially when they do get the offer of the 10–percent off or 15–percent whatever it is."

]]> Credit cards seem to be an easy way to pay at a later date.

Before you sign up DeLaney says, even though the cards offer first time purchase perks, they can come with high interest rates.

"I think that as long as you stick to your game plan and you pay the charge off in the month in full then, you have done a great thing. You've outsmarted the retailer. You're going to save 10 to 15 percent and it's been a good deal."

He says if you do not pay your bill off you could end up racking up debt with interest rates much higher than regular credit cards.

It could hurt your credit score.

If you are already in credit card debt seeing a credit counselor could help you lower interest rates, reduce payments and lower fees.

Higher Credit Card Interest Rates and Debt

2009-12-04T13:21:31Z

Credit card companies are raising rates to get a jump on new consumer protections laws starting in February. Many card holders are finding it impossible to pay the higher rates on already high balances.

]]> One woman, who didn’t want her identity known, has five credit cards with a combined debt of $50,000. The debt is the result of medical bills. She said she's never been late on a payment, but a few months ago five issuers notified her they were raising her APR to more than 30 percent.

"But 30 percent is ridiculous,” she said. “It’s just ridiculous for anybody to pay."

The woman tried to get the credit card companies to lower the rates.

“We called them and we wrote to them and we got absolutely nowhere,” she said.

She soon realized she was in deep trouble and couldn't make the payments.

"When you have an interest rate of 30 percent, there's no way you can ever pay that off," she said.

So the woman turned to Chrisma Jones, a credit counselor.

Jones got the woman’s card issuers to agree to let her pay what she could afford and reduce her interest.

Jones said United Family Services Debt Repayment Plan is giving many consumers relief.

"With our debt relief plan, usually the payment is lowered, the interest is lowered, the fees are stopped and if you're getting any calls or collections those are curtailed as well,” she said.

Jones said it helps people pay more on the principle balance and get out of debt faster.

When the new law does take effect, card companies won’t be able to raise rates unless the consumer is 60 days late.

Until then, watch those monthly statements for changes and pay off as much credit card debt as possible

Bad Credit Debt Consolidation Loans Government Debt Consolidation Loans

2009-12-04T12:33:56Z

Many Americans are affected by debt. And one of the most common forms of debt troubling the majority of the debtors is debt arising out of improper usage of credit cards. Credit card debt is fast becoming a major issue with a large number of debtors. One way of dealing with credit card debt is to opt for credit card debt consolidation service programs.

]]> Great consolidation can be a great way to tackle debt, especially if you find it difficult to make the monthly payments. With the ongoing economic crisis, people often suffer pay cuts, a job loss, and at times face unexpected expenditure which makes it difficult to redeem the monthly loan amount. A recommended way to tackle this problem is bad credit debt consolidation. That brings us to the main question. What is debt consolidation?

Debt Consolidation - Debt consolidation can be understood as combining all existing debts into one debt. The main advantage of debt consolidation is that the debtor has to deal with just one creditor. Another advantage being it becomes possible to reduce the interest rate and decrease the monthly repayment amount. Debt consolidation is carried out by negotiating with existing creditors.

Many companies specialize in this activity. They often provide free credit card debt consolidation services. Individuals often use more than one credit card. And when the limit of one particular card gets exhausted, the general norm is to over extend the limit of other cards.

This is a highly common cause of uncontrolled credit card debt. And the best way to deal with this condition is to consolidate credit card bills into a single debt through Government Debt Consolidation Programs