Despite the fact that the economy is strong with unemployment down and millions of jobs going unfulfilled, many who are working just don’t earn enough to make ends meet. For many, wages have remained flat for decades making it difficult to keep up as the cost of living has increased across the country. Many Americans continue to turn to credit cards to bridge the gap, putting out one fire at a time as unexpected expenses pop up on top of everything else. With credit card debt cresting at $1 … [Read more...]

Old credit card debt, student loans or unpaid medical bills are catching up to many Americans. In fact, some employees in the U.S. may lose up to a quarter of their paycheck to collection efforts for unpaid debts. The recession, underemployment and a reliance on credit cards to bridge the gap during difficult times resulted in a number of Americans taking on substantial debt. Thousands of dollars spent on credit cards to make ends meet or pay for an unexpected event soon ballooned into higher … [Read more...]