Alternatives to Credit Cards

Most Americans have credit cards nowadays.  That being said, a lot of those people also have credit card debt.  Credit cards can be helpful if you have an emergency or otherwise need to purchase something you do not have cash for, but they can also be dangerous if you do not have the money to pay them off.  The good news is that there is no requirement that you have a credit card, or that you use one for most purchases.  There are some alternatives to credit cards you can also use. Continue reading

The Statute of Limitations on Debt in Kentucky

Credit card debt is a common problem experienced by Americans everywhere, and the most effective legal defense is the statute of limitations, when it applies.  However, the statute of limitations varies from state to state.  This article is about the statute of limitations on debt collection in Kentucky, specifically. Continue reading

College Students and Their Credit Card Debt

It is no surprise that the average college graduate in America finish school with tens or hundreds of thousands worth in debt.  What you may not have suspected is that credit card debt can make up a good chunk of this debt.  With interest rates the way they are, this portion of the debt will grow faster than the student loans, but students also have to deal with credit card debt while they are in school. Continue reading

Can You Estimate Your Credit Score?

You already know that you need to have good credit. Do you know that it is almost as important to know your credit score? While you can receive your credit score for free once a year, you shouldn’t ask for it too often because those queries can cost you money and show up on your credit report. Since it is preferable to know your credit score before you apply to receive credit, you may want to try to estimate your credit score. But is that really a good idea? Continue reading

Statute of Limitations on Debt Collection in Illinois

Debt is a national problem, but debt collection (except for that owed to the IRS, but we won’t get into that) is a state issue. That is why each state has its own statute of limitations. However, the statute of limitations is affected not only by location, but also on the type of debt. For that reason, it is not as simple as saying “the statute of limitations on debt collection in Illinois is x number of years.” There is more to it. Continue reading

Limits on Wage Garnishment in South Carolina

In many states, the threat of wage garnishment is a legitimate fear held by debtors. Knowing that their creditors can take part their income before they get the chance to pay for the month’s necessities would terrify anyone. Fortunately, in South Carolina, this practice has been limited, though not eliminated entirely. There are certain restrictions in regards to wage garnishment that you should know about. Continue reading

Statute of Limitations on Debt in California

When you’re in debt, it can often seem like the cycle is never ending. Between interest and everyday expenses, you can have a problem paying off your debt. And if you ever reach the point where you have no choice but to stop paying these bills, you may be afraid of the consequences. Under certain situations, a statute of limitations could be your best defense against your creditors. Each state has different laws.  These particular ones will help if you live in California. Continue reading

Statute of Limitations on Debt in Arizona

Debt seems to be a national problem in the United States. No matter where you live, you could fall into it, as it depends on your income and lifestyle more than your location. The solution, on the other hand, is not a “one-size-fits-all” situation. Your options are going to be different depending on where you are. The statute of limitations, which will help you either avoid or get out of lawsuits from creditors, is different in every state, and even by time. The Statute of Limitations in Arizona, for instance, has changed. Continue reading

Limits on Wage Garnishment in Colorado

Being indebted to someone is a scary prospect in itself.  It brings with it the fears of how additional charges and poor credit will affect your life in the future. Still, there are other effects debt can have on your life that everyone doesn’t necessarily consider. For instance, wage garnishment is a legitimate course of action a creditor can use to retrieve payment. Where you live will affect how worried you should be. If you’re living in Colorado, you may be wondering what limits on wage garnishments exist. Continue reading

Wage Garnishment Limits in West Virginia

If you owe money to a creditor, they may try to garnish your wages. This would mean that part of your paycheck would go directly to them every time you are paid. This may get the debt paid off, but it can make life difficult if you are living paycheck to paycheck as it is. Luckily, most states have certain laws to protect debtors from losing their entire paycheck before they can pay their bills. For instance, there are some very specific wage garnishment limits in West Virginia. Continue reading