A Real Story Behind Credit Card Debt Chris Lardner and her husband Scott run a small family business. They have three children. Two daughters study at Regis University in Denver, and their son is in 7th grade. During the economic downturn, the family used a credit card to pay part of their daughters’ college fees. […]

A few decades ago, people relied mostly on cash. If they ran out of money while shopping or dining out, they had to stop spending. Today, most people use debit or credit cards without thinking twice. Card payments have become part of daily life. Credit cards started in the 1950s, while debit cards appeared in […]

New ‘hardship’ debt management plan created, with lower payments By Jeremy M. Simon Ten of the largest U.S. credit card issuers have agreed to help struggling customers repay their debt. The National Foundation for Credit Counseling (NFCC) announced this change. In 2008, the NFCC asked lenders to lower the cost of debt repayment programs. These […]