Many people turn to debt management agencies as a way of restructuring their debt. The goal of rearranging debt is to eventually pay off the amount owed and prevent the necessity of filing for bankruptcy. However, not everyone makes the most of debt management. This can lead to situations where more debt is accumulated and […]

Understanding Nominal vs. Annual Interest Rates Recently, many people noticed the nominal interest rate on their credit card statements. This rate is usually lower than the annual percentage rate (APR) because certain fees must be disclosed. The nominal interest rate is the basic rate on your card. The APR can be higher due to extra […]

https://abcnews.go.com/Business/story?id=7727426&page=1 Miamians Owe More to Credit Card Companies Than Anyone in U.S. By LAUREN SHERMAN Forbes.com June 2, 2009— Americans Still Splurging Despite Debt Warnings Gone are the days when Americans bought a second pair of Italian leather brogues, a flat-screen TV for the bathroom, or a made-to-measure office suit without thinking twice. A new […]