Credit cards are an important part of life for many Texans. We rely on credit cards to help us out financially when times are hard, but sometimes no matter how careful we are, unexpected circumstances can cause our credit card debts to spiral out of control. As wonderful as credit cards can be when they are on your side, they can be just as awful when they are turned against you. The financial strain may be the least of your worries if creditors start to harass you about getting their money.
As the student loan debt in this country continues to climb, more and more college graduates are likely to realize that their debt is stifling their growth and getting in the way of their goals. Texas is no exception, and many of our state's residents are likely struggling along with the rest of the country. You may make use of credit cards and try to live conservatively as best you can, but eventually those student loan debts will have to be dealt with.
Credit cards can be a very useful tool for managing your finances and keeping your payments at a reasonable level, but if you find yourself unable to make your payments, they could become a gigantic problem. If you’re having problems making your credit card payments, you may be facing similar financial difficulties in nearly all aspects of your life. As bills begin to mount and your financial future gets thrown further into peril, you may find yourself losing hope. But hope is not lost, and you do have options.
A new study reports that almost half of U.S. households are cash-poor with very little access to savings. In a ranking of states, the Corporation for Enterprise Development placed Texas 37th on the list for savings wealth. In addition, Texas is 41st for having effective policies in place to rectify this.
Now that the holiday season is over, many people are looking forward to what 2014 has in store. As people settle into their resolutions to visit the gym more often or find a new job, others are dealing with the holiday bills that are showing up. As such, many might be looking forward to debt relief in the new year.
Less than two weeks until the New Year, many Waco residents are thinking about making resolutions. Come January 1st, many people will sign up for gym memberships, throw away their cigarettes, and cut up their credit cards. Getting fit, quitting smoking and becoming free of credit card debt are all popular New Year's resolutions - likely, because they pair well with a fresh start.
It seems as though no one was untouched by the effects of the most recent economic recession. One of the major consequences of the recession is that consumer habits began to change: People became more hesitant to spend or take on more debt.
Here is a new scam Royal Bank has reported regarding your Visa and Mastercard. The trick to this scam is that the caller appears to know all the information except one piece of information that you provide. They don't ask your card number because they already have it. The scam works like this: Person calling says - 'This is (name), and I'm calling from the Security and Fraud Department at VISA. My Badge number is 12460, Your card has been flagged for an unusual purchase pattern, and I'm calling to verify. This would be on your VISA card which was issued by (name of bank). Did you purchase an Anti-Telemarketing Device for $497.99 from a marketing company based in Arizona ?' When you say 'No', the caller continues with, 'Then we will be issuing a credit to your account. This is a company we have been watching and the charges range from $297 to $497, just under the $500 purchase pattern that flags most cards. Before your next statement, the credit will be sent to (gives you your address), is that correct?' You say 'yes'. The caller continues - 'I will be starting a Fraud Investigation. If you have any questions, you should call the 1- 800 number listed on the back of your card (1-800-VISA) and ask for Security. You will need to refer to this Control Number. The caller then gives you a 6 digit number. 'Do you need me to read it again?' Here's the IMPORTANT part on how the scam works - The caller then says, 'I need to verify you are in possession of your card'. He'll ask you to 'turn your card over and look for some numbers'. There are 7 numbers; the first 4 are part of your card number, the last 3 are the Security Numbers that verify you are the possessor of the card. These are the numbers you sometimes use to make Internet purchases to prove you have the card. The caller will ask you to read the last 3 numbers to him. After you tell the caller the 3 numbers, he'll say, 'That is correct, I just needed to verify that the card has not been lost or stolen, and that you still have your card. Do you have any other questions?' After you say no, the caller then thanks you and states, 'Don't hesitate to call back if you do', and hangs up. You actually say very little, and they never ask for or tell you the card number. If you receive this type of call, you need to not give any information to the caller. Instead call the number of your credit card and report the situation. Are you overwhelmed by credit card debt? Call us today at 254-633-2876 or email us at [email protected] for a FREE, no-obligation consultation. Let my family help yours!