Credit Card Debt

Credit Card Debt

Establishing credit without a credit card

Many Michigan residents have to face the challenges of living without at least one credit card. Moments between paydays and unexpected expenses like car repairs practically demand an additional income resource. It’s worth noting that the average American has a minimum...

What you need to know about credit card debt

There is a good chance that you have used a credit card to buy groceries, gas or furnishings for your Michigan home. Although access to consumer credit can provide you with financial flexibility, it can also saddle you with a balance that can be difficult to repay....

Strategies for paying off your credit card debt

If you have credit card debt, it's important to immediately take steps toward paying it off. Researching your options is the first step to take. Then, you choose what strategy works for your situation. Michigan allows creditors up to six years to collect debts,...