Is My Credit Card Debt A Problem?

For most Americans, credit card debt is a dangerous and growing problem. The average American family has more than $8000.00 in credit card debt and spends more than they earn on a annual basis. Credit cards can be useful tools when they used properly, but more and more Americans are getting in over their heads and threatening their financial futures. It is important to realize that just because you can pay your minimum payments each month doesn't mean you don't have a credit problem. Low minimum payments benefit the credit card company, not the consumer. The following are some of the warning signs that you have credit or debt problems:

* You are unable to put any money in savings

* You make only the minimum payments on your credit cards

* You use increasing amounts of your total income to pay off your credit card debts

* You use credit cards for things you should buy with cash, such as groceries

*You have more than two or three major credit cards and have balances on all of them

* You're at or near your credit limit on most if not all of your credit cards

* You're unsure of the total amount you owe on your credit cards

* You've taken out cash advances on credit card to pay other bills

* You've been denied credit due to your debt to income ratio

* You get calls from collectors about your credit cards

Alan Barnes
IAPDA Certified Debt Arbitrator
President and CEO of Debt Regret
http://www.debtregret.com

---

How to Get Triple A Credit in 25 Days

Good credit is everyone's dream. A wise use of credit... Read More

Pay Off Your Student Loans and Reduce Your Debts

Financing a college education is one of the more expensive... Read More

Drowning in Debt? Tips and Tricks for Getting Out of Hot Water with Creditors

Do you, like millions of other Americans, feel like you're... Read More

Bankruptcy: What the New Law Means to You

On April 20 of this year, President Bush signed a... Read More

Bankruptcy - Your Fresh Start

Most American consumers are living too close to the edge.... Read More

Debt Management Systems

What is a debt management system, and when do you... Read More

Should You Invest In Savings Or Payoff Your Debts?

I have faced this financial question 8 years ago and... Read More

Student Loans Can?t Be Swept Away Through Bankruptcy

Bankruptcy is in the news these days, as Congress has... Read More

How To Avoid Medical Collections

With medical collections costing doctors millions upon millions of dollars... Read More

Out of Credit Card Debt - Without Filing Bankruptcy

To be out of credit card debt is your dream... Read More

Is There Any Way To Get Out Of Debt?

In this era where we are bombarded daily with commercials... Read More

Turning Bad Debts into Good Debts through Investing Fundamentals

If you've ever earned enough money to put some aside,... Read More

The First Step To Getting Out Of Debt: Make The Commitment!

These days, getting into debt is easy.Unfortunately, getting out of... Read More

5 Methods Toward Reducing Your Debt

Decreasing your debt is paramount to having a good credit... Read More

4 Simple Ways to Solve Your Debt Burden

Getting Behind Getting behind on your debts owed can be... Read More

Bankruptcy Interest Increases as Deadline Approaches

Congress recently passed sweeping legislation that will significantly reform American... Read More

The Bankruptcy Code Acknowledges the Validity of the Homestead Exemption

Many times the subject of bankruptcy seems baffling in its... Read More

Bank Like a Banker

The business of banking has changed dramatically over the last... Read More

How Do You Spell Debt Relief?

Of all the problems possible in a marriage, finances cause... Read More

How to Get Money When You Are Broke

(Money You Don't Have to Pay Back) 1. One way... Read More

How to Negotiate Debt Settlements

Knowing how to negotiate debt settlements is the key to... Read More

Mr. Cheapies Frugal Budget Tips

So you feel like a hamster spinning your wheel? The... Read More

Your Secret Weapon... A Budget

For many, the word 'budget' immediately sends shivers down the... Read More

Debt Reduction, a Necessary Endeavour

Massive debt is something many Americans face. Debt reduction is... Read More

Is Filing for Bankruptcy an Option for You?

Bankruptcy laws give debtors a way to resolve debt by... Read More

Yes to Less Debt

Feeling stressed by the amount of debts you have? Three... Read More

How to Become Debt Free

In today's consumer society it is all too easy to... Read More

Debt Validation: Do you have to pay ?

It happens all the time. Debt collectors try to collect... Read More

Debt Collectors: Men or Mice?

Who are these people anyway? They viciously harass you and... Read More

Life After Bankruptcy

Bankruptcy and Credit - What Happens After Your Debts Are... Read More

Going Bankrupt in the World

It all starts by defaulting on an obligation: Money owed... Read More

Credit Card Debt Freedom is Possible

Credit card debt have you drowning financially? You're not alone.... Read More

What You Should Know About Bankruptcy

Filing bankruptcy is not only a last resort legal action;... Read More