For all you outraged Chase credit card customers who have been affected by Chase’s outrageous new changes in terms, New York based law firm Giskan Solotaroff Anderson & Stewart have filed a class action lawsuit on your behalf.

Chase Raises Fees and Payments

While changing terms, raising rates and fees, and hiking minimum payments is certainly not new behavior for credit card companies, Chase’s recent actions were still quite appalling, not to mention quite unappealing for consumers trying to reduce debt in a tough economic climate.

In what could only be a misguided effort to shore up earnings, Chase changed the terms for some of its credit card customers.  The targeted customers for the most part had strong credit scores, and previously took advantage of Chase offering a balance transfer at a low, fixed rate (ranging from 2.99 to 4.99 percent APR) for the life of the balance, provided the consumer complied with the terms of the offer.

The terms of the offer basically required that the consumer make all payments on time and not exceed the credit limits on any Chase accounts. (more…)

Chances are if you are reading this, you are in debt and interested and learning how to get out of debt as quickly as possible.  The best method for acheiving this goal will not be the same for everyone:  your most efficient path to a debt free life depends on your current financial situation.

Here are a few ways to cut your debt down much faster.  You will not be able to take advantage of all of these options, but you should be able to use at least one or two to chop down the time it takes you to get out of debt. (more…)

Be sure to consider debt settlement’s pros and cons before deciding to settle your credit card debt! One option to reduce debt seems to be gaining increased attention and interest among people burdened by credit card debt today.  This method is debt settlement, which is also commonly referred to as debt negotiation.

The increased attention towards this mysterious method of debt reduction is due to many factors.  Increased marketing efforts both online and off, seemingly extraordinary promises, and controversial coverage all seem to contribute to the buzz.

So for all of you readers wanting to learn about settlement, today is your lucky day. (more…)

Here is a helpful video that can help you understand how you can get out of debt.  While there are several articles that address many of these topics, I know some of you prefer to watch and listen rather than read.  So, I will be posting the occassional video and, possibly, producing videos of my own to show you how to eliminate your debt. (more…)

While most people would not consider it a means to reduce debt, getting lower interest rates can help you reduce the overall amound of money you must put towards your debt and help you eliminate your debt much faster.  Lowering your interest rates on your debt can also give you a lower monthly minimum payment, which could help give you the breathing room you need in your monthly budget.

There are a few different options for reducing debt through lower interest, depending on your specific situation.  Whatever your debt reduction plan, getting a lower interest rate will be very helpful. (more…)