As debt settlements, bankruptcies, and the unpopularity of credit card companying continue to increase, the Obama administration reiterated its support behind legislation in Congress that would put restrictions on the imposition of higher fees and interest rates on consumers. Following on promises made during his campaign, President Obama met with top brass from the largest credit card issuers …

Your bills can start to get the better of you quickly in this economy.  When you start to think you’re paying out more money than you have, it’s a frightening feeling.  This can happen for a variety of reasons, but once you’re in the situation you’re probably less concerned with how you got there than how to get out.  The most important thing to remember is not to ignore your bills.  Take action before the problem gets bigger than you can handle.  The more you ignore your bills, the harder it will be when …

Debt settlement is an agreement with a creditor to accept a lower amount of money to resolve the money owed.  Debt settlement can be attempted with the original creditor, but it is usually after the debt has been sold to a collection agency that debt settlement comes into play.  There is, of course, no guarantee that the current creditor will settle.  Larger agencies are usually easier to settle with than smaller ones, but if you’re in trouble it’s an option that should be looked into no matter …