Regulators with the Office of the Comptroller of the Currency began pressuring card issuers to raise minimum monthly payments. The new law for minimum payments went into effect at the end of 2005, and several credit card companies have already doubled their minimum monthly payments from 2% to 4%. If you are a homeowner, you may want to consider a debt consolidation loan through a mortgage refinance or home equity loan (second mortgage) because it will not only reduce your debt, but you also may get a 100% tax deduction on the interest you pay on your loan.

Debt consolidation loans are a progressively more accepted form of debt repayment for those who find themselves powerless to pay off even the minimum payments.

Getting out of debt. How to get interest on your debts frozen. Methods used by the debt management professionals

How often have you heard the advertisements promising you how easy it is for you to come in to the store and buy the items advertised, such as, furniture and not have to pay a dime for two years. Now, two years have gone by and you aren't ready, now what?

Do you know what a summons is and what happens if you don't show up for your day in court?

You sign it and it's a binding contract. Did you adding a few key words to the back of a check could mean the difference between settling a debt and still owing money.