Weekly Credit Links: Credit Counseling vs Debt Consolidation

by on March 17, 2012

Credit Counseling vs. Debt Consolidation (How I Save Money)

Both of these options can help simplify your life by giving you a single payment every month. If one of these options will not work for you, you may want to consider an alternative such as debt settlement or bankruptcy.

Is It Time to Consider a Credit Union? (Cash Money Life)

In 2011, credit unions reached a record number of memberships in the U.S. A lot of this has had to do with efforts to encourage consumers to move their money from big banks charging fees to smaller financial institutions, such as credit unions.

Feds Probing Chase On Credit Card Collection Practices (The Consumerist)

Following the lead of whistleblowers, the Office of the Comptroller of the Currency has reportedly been investigating JPMorgan Chase over allegations that, over the course of at least two years, the bank used inaccurate records when suing thousands of delinquent credit card customers.

Closing Accounts Without Scarring Your Credit

Even if you are one of the credit card holders that pay off their credit card balances each month or hardly ever use the credit cards, you are better off keeping these accounts open than you are in closing them. If you really feel compelled into closing one or more of your credit card accounts, use an easy and systematic approach in doing so to keep from scarring your credit

Credit card debt up last month (Bankrate)

Lin says he expects the debt reduction to continue through the second quarter of this year, but says that card spending may increase in the second half as banks and credit card companies reach out and sign up new credit card customers.

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