If you are like many Marylanders who have decent credit scores, you undoubtedly receive stacks of credit card applications in the mail every single month. Many of these may offer you attractive interest rates, such as 0% APR for a year or 0% APR on balance transfers....
Credit Card Debt
What are secured credit cards?
As part of filing bankruptcy, you must repair your financial health. Have you heard about secured credit cards and how they may help rebuild your credit? NerdWallet explains how secured credit cards work. Learn about all your options for forming a new relationship...
Prepare for a credit card free holiday season
After filing Chapter 7 Bankruptcy, a person will lose his or her credit cards. While it is possible to rebuild credit following a bankruptcy, Forbes suggests that there are ways to live without a credit card. When you have months to prepare, this is true for the...
What is the difference between an unsecured and a secured credit card?
A secured credit card is basically a training wheel credit card. You may be a young person applying for a credit card. The credit card company may want to know why it should give you a credit card. You have no credit history at all and you are too big of a risk. So...
Credit card options after Chapter 7
After people file for bankruptcy, they may think they will not be able to get a credit card. However, bankruptcy usually does not prevent people from getting new credit cards. A previous blog discussed the effects that bankruptcy can have on a credit score. This blog...
Why younger people are struggling with credit card debt
Generally speaking, younger adults in Maryland and throughout the country were less likely to use credit cards or take on debt. However, new data indicates that 8% of credit card balances among individuals aged 18-29 are 90 days or more past due. Younger individuals...
When seniors run into credit card debt struggles
Seniors can face many financial pressures in their retirement years. This includes strains from: Medical costs Rising levels of everyday living expenses for retirees Providing financial support to their adult children Some seniors turn to credit cards to help with...
