June 30, 2012 (Press-News.org) Fewer Americans Behind on Credit Card Debt, but Average Balance Is High
The number of credit card holders who have not paid their bills in the last 90 days has decreased in 2012. For Q1, the total number of delinquent cardholders dropped to 0.73 percent, from 0.78 percent for the last quarter of 2011. In addition, The Wall Street Journal reported that consumers continued to pay throughout May, despite worries from some experts that delinquency would increase in part because of continued high unemployment.
However, while delinquency has decreased, nearly half of cardholders who haven't been able to pay for the last three months are using their cards out of necessity, such as to pay rent or buy groceries. In addition, balances are still high, with average cardholders carrying just under $5,000 in their balances.
Credit Card Settlements
One of the reasons for the low number of delinquent cardholders is that credit card companies were issuing cards to only those with high credit scores in the wake of the recession. However, from January to March, approximately one in four new cardholders were considered non-prime, higher-risk consumers.
In addition, for those who have carried a balance for years, it can be difficult to even make interest payments on the balance. For consumers who are struggling, credit card companies have been more willing than in previous years to allow a more reasonable payment plan under a credit card settlement agreement.
Credit card debt negotiation can help a cardholder avoid paying too much in interest (or even any at all), stop paying late fees and most importantly, allow the cardholder to regain control of his or her unsecured debt.
If you have credit card debt and are struggling to pay bills, you should contact an experienced debt relief attorney to discuss your options. Credit card companies can take attorney-led negotiations more seriously, and having an experienced negotiator on your side can allow you the maximum benefit.
Article provided by Hamzy Law Firm, LLC
Visit us at http://www.hamzylaw.com/
Fewer Americans Behind on Credit Card Debt, but Average Balance Is High
Fewer Americans are behind on paying credit card debt but credit card balances have increased.
2012-06-30
ELSE PRESS RELEASES FROM THIS DATE:
Texas Seeks to Curb Prescription Drug Abuse with New Law
2012-06-30
Texas Seeks to Curb Prescription Drug Abuse with New Law
Nearly nine of every 100,000 Texans died from prescription drug overdoses last year, most caused by abuse of illegally obtained prescription medications. The Drug Policy Alliance reports a 150 percent increase in accidental overdoses over an eight-year period in Texas.
Emergency room doctors report that of the drug abuse cases they see, more are due to prescription drugs than illegal street drugs and many people do not believe they are abusing drugs because they received them from their doctor.
Trafficking ...
Testifying at One's Own Trial May Lead to Self-Incrimination
2012-06-30
Testifying at One's Own Trial May Lead to Self-Incrimination
Defense lawyers agree it can be a game-changer when a client, who has been charged with a crime, testifies at his or her own trial. Allen Stanford, on trial in Texas for an alleged Ponzi scheme involving $7-8 billion in certificates of deposits, plans to testify on his own behalf and many believe that is a bad idea
The Fifth Amendment to the U.S. Constitution gives a person charged with a crime the right to refuse to answer questions or make statements that may be used to help convict that person of a crime ...
Pennsylvania Law May Put Family on the Hook for Long-Term Care Costs
2012-06-30
Pennsylvania Law May Put Family on the Hook for Long-Term Care Costs
Caring for an elderly loved one comes with a lot of responsibilities and, at times, a lot of associated stress. One of the most important considerations an adult child may face regarding long-term care is cost, and if those responsible for caring for elderly loved ones do not create plans to handle the cost of long-term care, the situation can quickly become stressful. Many folks in Pennsylvania may not be aware of a law that may put them on the hook for the cost of long-term care for senior family ...
The Means to Live: Chapter 7 Bankruptcy and Debt Reaffirmation
2012-06-30
The Means to Live: Chapter 7 Bankruptcy and Debt Reaffirmation
Even though going through Chapter 7 bankruptcy offers the prospect of financial relief, individuals who file may wish to reaffirm the debt on certain property to be discharged in order to retain it. For instance, it is common for filers to reaffirm the debt of a vehicle because many people depend on their cars to get to work. If a filer decides to reaffirm a debt, he or she should be sure of the ability to repay the loan in order to keep the property.
In a personal bankruptcy case, the filer may decide ...
Illinois Eavesdropping Law Facing Developments in Court and Legislature
2012-06-30
Illinois Eavesdropping Law Facing Developments in Court and Legislature
Illinois differs from many other U.S. states in that it is a "two-party consent" state. Under this law, you cannot make an audio recording unless both you and the other parties that are involved in the recording agree that you can do so. Audio and video recording, especially of police officers, is a hot button topic in Illinois due to a police-eavesdropping case that was recently decided by a federal appeals court.
State Felony to Record Police
Under an Illinois law enacted in 1961, ...
CDM Media Announces Corbus' Participation In Upcoming Summits
2012-06-30
CDM Media announced today that Corbus, LLC, a global solutions provider of Information Technology (IT), Supply Chain Management (SCM) and Project Management (PMO) services, will join the following 2012 CDM Media summits:
• CFO Summit, Aug. 19-21, 2012, in Scottsdale, Ariz.
• CIO Retail Summit, Aug. 28-29, 2012, in Scottsdale, Ariz.
The CFO Summit offers chief financial officers and finance executives the opportunity to discuss the challenges and issues facing their organizations. Delegates will make new business contacts and exchange best practices, confronting challenges ...
Winners Announced for 2nd Annual New York World Wine & Spirits Competition
2012-06-30
The results are in! The distinguished panel of judges has announced the prize winners at The 2nd Annual New York World Wine and Spirits Competition, as well as Best in Show. The judges made their selections from well over 400 entries. The Tasting Panel's Anthony Dias Blue, director of The San Francisco International Wine Competition and the San Francisco World Spirits and International Wine Competitions, led the panel.
Best in Show and Gold Medal Spirits:
• Blackwater Distilling Inc., Sloop Betty Vodka USA, Gold, Best Vodka in Show
• Louis Royer , Louis Royer ...
Research at University of Houston Finds Cognitive-Behavioral Therapy Effective in Combatting Anxiety Disorders
2012-06-30
Whether it is a phobia like a fear of flying, public speaking or spiders, or a diagnosis such as obsessive compulsive disorder, new research finds patients suffering from anxiety disorders showed the most improvement when treated with cognitive-behavioral therapy (CBT) in conjunction with a "transdiagnostic" approach - a model that allows therapists to apply one set of principles across anxiety disorders.
The combination was more effective than CBT combined with other types of anxiety disorder treatments, like relaxation training according to Peter Norton, ...
Announcing Canadian Cohort for Startup Camp in Silicon Valley
2012-06-30
In an effort to help fast-track the commercialization of early-stage Canadian companies and grow the tech ecosystem in Western Canada, Boast Capital recently announced a partnership with Plug and Play Tech Center in Silicon Valley to launch Plug and Play Accelerator Canada.
The first initiative of this partnership is Startup Camp Canada, where technology startups are offered US$25,000 in funding plus access to world-class mentors and investors in both Silicon Valley and Calgary.
As a soft launch for the program, which starts late fall in Calgary, Alberta, Boast Capital ...
How Much Does It Take To Make A Profit With Your Small Business
2012-06-30
Financing your business begins with understanding your business design. Are you providing a service or do you require materials and equipment? Are you paying employees or is it a one-man-show? Are you economically invested in your business? How much can you afford to spend in the event you don't make profits right away?
Manufacturing products require materials, equipment, production fees, which increase overall costs. Service businesses are the product in themselves; the cost of the product offered is bundled within the business and therefore incurs fewer expenditures. ...
LAST 30 PRESS RELEASES:
New study reveals how reduced rainfall threatens plant diversity
New study reveals optimized in vitro fertilization techniques to boost coral restoration efforts in the Caribbean
No evidence that maternal sickness during pregnancy causes autism
Healthy gut bacteria that feed on sugar analyzed for the first time
240-year-old drug could save UK National Health Service £100 million a year treating common heart rhythm disorder
Detections of poliovirus in sewage samples require enhanced routine and catch-up vaccination and increased surveillance, according to ECDC report
Scientists unlock ice-repelling secrets of polar bear fur for sustainable anti-freezing solutions
Ear muscle we thought humans didn’t use — except for wiggling our ears — actually activates when people listen hard
COVID-19 pandemic drove significant rise in patients choosing to leave ERs before medically recommended
Burn grasslands to maintain them: What is good for biodiversity?
Ventilation in hospitals could cause viruses to spread further
New study finds high concentrations of plastics in the placentae of infants born prematurely
New robotic surgical systems revolutionizing patient care
New MSK research a step toward off-the-shelf CAR T cell therapy for cancer
UTEP professor wins prestigious research award from American Psychological Association
New national study finds homicide and suicide is the #1 cause of maternal death in the U.S.
Women’s pelvic tissue tears during childbirth unstudied, until now
Earth scientists study Sikkim flood in India to help others prepare for similar disasters
Leveraging data to improve health equity and care
Why you shouldn’t scratch an itchy rash: New study explains
Linking citation and retraction data aids in responsible research evaluation
Antibody treatment prevents severe bird flu in monkeys
Polar bear energetic model reveals drivers of polar bear population decline
Socioeconomic and political stability bolstered wild tiger recovery in India
Scratching an itch promotes antibacterial inflammation
Drivers, causes and impacts of the 2023 Sikkim flood in India
Most engineered human cells created for studying disease
Polar bear population decline the direct result of extended ‘energy deficit’ due to lack of food
Lifecycle Journal launches: A new vision for scholarly publishing
Ancient DNA analyses bring to life the 11,000-year intertwined genomic history of sheep and humans
[Press-News.org] Fewer Americans Behind on Credit Card Debt, but Average Balance Is HighFewer Americans are behind on paying credit card debt but credit card balances have increased.