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If you struggle with credit card debt, you may feel a sense of dread when the debt collectors start calling. The U.S. News explains that about 40% of Americans deal with debt collectors once a year. While debt collectors can sue you if they represent a legitimate debt, you do not always have to let it get to that point. Do not become angry Try to stay as calm as possible when debt collectors call. Even if you do not want to stay on the

Credit card debt is notoriously difficult to pay off because of high-interest rates. With the Federal Reserve set to increase rates, it is about to get more difficult for many consumers. How are interest rate hikes likely to impact credit card debt? Federal Reserve benchmark rate The Federal Reserve is in charge of making adjustments intended to encourage spending when inflation is low and slow spending when inflation is high. It accomplishes this by either raising or lowering the Federal Reserve benchmark rate, which is

Social media has exploded in popularity over the past few years. In fact, according to the University of Maine, roughly 4.48 billion people worldwide currently use social media to connect with friends, relatives and even strangers. In 2015, that number was slightly under 2.1 billion. As you may suspect, debt collectors have long sought to capitalize on social media usage. That is, they have wanted to contact social media users about unpaid debts. While this is generally permissible, there are some meaningful rules about what

Credit card debt serves as one of the most common forms of debt in the country, with many people suffering from it at all ages and walks of life. Getting out of this debt can set your life in a better direction. However, the most important thing is knowing what to do to keep from falling back into it later. Handling your payments Consumer Credit discusses how to potentially avoid credit card debt. It all boils down to your habits and how you handle your