Consumer debt, which comprises of credit card debt and loans, is at an all time high along with a huge number of unemployed debtors. Despite being unemployed, many consumers still have to repay balances on their credit cards and loans. Poor debt management and a high reliance on unsecured loans have led to an increase in the number of people filing for bankruptcy. Here are 5 steps to manage debt while unemployed.

No Comments | Author: CreditCardsCo | Categories: Debt Consolidation, Financial Planning

When used responsibly, credit cards for college students are an excellent way for college students to learn financial responsibility.

No Comments | Author: CreditCardsCo | Categories: Credit Card Basics, Financial Planning, Student

As the saying goes, ‘failure to plan’ is ‘planning to fail’, a financial crisis deserves every bit of planning on your part. Gaining ammunition on what to expect during a financial crisis goes a long way in getting you ready for tougher times ahead and ensuring you don’t make the silly mistakes a lot of us subscribe to during these periods.

2 Comments | Author: CreditCardsCo | Categories: Banking, Financial Planning

While there’s no widely acceptable definition of a recession, virtually all economics agree that a recession is a period of declining economic activity. Businesses experience little growth causing the employment rate to fall, price of housing drops, and the Gross Domestic Product (GDP) falls by 10% or more within a 12 month period.

1 Comment | Author: CreditCardsCo | Categories: Financial Planning

The cash flow of a business – whether a small-scale or big-time business – is the feast and famine nature when money coming into the business becomes tight enough to risk not supporting underlying business activities it formerly supported.

4 Comments | Author: CreditCardsCo | Categories: Financial Planning