Tags » Credit Debt

4 Things you Never Want to see on your credit report

by Erika Rawes

It’s tough to maintain excellent credit, especially when you have a lower income and a multitude of financial obligations. If you talk to people who have ever gotten themselves financially backed into a corner, many of them describe situations where they were forced to choose between a credit card bill or a bill to cover something essential for their survival, such as a power bill. 749 more words


The Power Of Addiction

We all are addicted to something…..drugs, cigs, sex, whiskey and so on……but we Americans have an addiction to……consumerism.  A couple of years ago I wrote a piece entitle “The Real Opiate Of The Masses”…..when I pointed out that Americans were drowning in debt and even with the crash of ’08 nothing would change……we will buy way beyond our means……and guess what? 233 more words


A third of Americans delinquent on debt

More than a third of Americans are in trouble when it comes to paying back their debts on time; 35% of the Americans have debt in collections, according to a study which was released on Tuesday from the Urban Institute, which analysed the credit files of 7 million Americans.
That means the debt…

The Psychology of Credit Debt

How do people end up in debt? The following essay on the psychology of credit debt is structured into two parts. The first part investigates why people spend more than they have and the second part asks how a team of social psychologists could develop an effective public campaign against falling into credit debt. 1,628 more words

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