Posts tagged ‘credit card debt’

7 Mental Armors For Getting Out of Debt

Updated: April 11, 2017 | Mindsetting, Personal Finance | 11 Comments

I used to have five credit cards, and drowning in almost P200,000 worth of debt. It actually reached a point where collection agencies would make rude calls to me, and send fake summon letters from law firms to my address. At first, I ignored them. I was not affected because I knew those were all […]

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Here’s a Video That All Debt Collectors and Collection Agencies Should Watch

Published: October 23, 2013 | Inspirational | 2 Comments

People who are not able to pay their debts, especially credit card debts, will soon get a call from a collection agency. And that, in almost all cases, would mean getting rude calls, threatening letters from supposed lawyers and many other forms of harassment. While there’s already Senate Bill Number 1277 or the Philippine Fair […]

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Infographic: Credit Card Statistics in the Philippines

Updated: August 19, 2013 | General Information, Personal Finance | 1 Comment

How many credit cards are issued in the Philippines? How many Filipinos own credit cards? And how much credit card debt do Filipinos owe? These were some of the questions I recently asked myself, which led me to create this simple infographic. There isn’t much data available on credit card usage in the country and […]

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Four Debt Payment Strategies Every Person Should Know

Updated: June 13, 2016 | Personal Finance | 5 Comments

Do you have huge credit card debts? What are you doing to get rid of it? Most people just pay whatever they can afford every month, with some only paying the minimum amount due on their credit cards. If this is simply what you’re doing, then your payment strategy is “weak” and could use an […]

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Three Common Debt Collector Lies

Updated: June 30, 2016 | Guest Posts, Personal Finance | 7 Comments

Being deep in loans and credit card debt is hard enough – but add to that the negativity and harassment of debt collectors, and you’ve got yourself a major headache. Fortunately, we have today guest blogger, Christopher, who shares below three common lies that debt collectors tell. His examples may show cases for the US, […]

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Top 10 Signs That Say You’ll Never Get Out of Debt

Updated: April 23, 2017 | Mindsetting, Personal Finance | 21 Comments

Having debts is a normal part of a person’s financial life. You are not alone – millions of people have debts. So there’s really no reason for you to pity yourself for having debts because as I said, it’s normal. However, what is important for you to realize and remember is that, not all debts […]

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How I Have Gotten Out of Debt through Settlement

Updated: December 26, 2014 | Guest Posts, Personal Finance | 10 Comments

Today, I’m giving you a guest post from Jason Holmes who has successfully gotten out of debt through debt consolidation or settlement. While this is not a very common practice in the Philippines, it is in the USA. So I hope my readers in America can appreciate Jason’s story and the advise he offers. Let’s […]

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How To Get Out Of Debt With The Snowball Method

Updated: May 31, 2016 | Personal Finance | 18 Comments

How do you pay off your debts, specially on your credit cards? Do you spread your payments across them? Do you pay whichever calls or contacts you first or those who are persistent with their payment demands? In the past, when I was still struggling with my finances, I discovered a debt reduction strategy which […]

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Reader Mail #14: Help Me Get Out of Credit Card Debt

Published: April 20, 2010 | Personal Finance, Reader Mail | 8 Comments

Recently, I received an email from a reader who is really set on getting out of her credit card debts. I replied back with quite a lengthy response and thought I would share with you my advise to her. I hope that through this, I would be able to help others who are likewise having […]

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What Happens If I Don’t Pay My Credit Card Debts?

Updated: February 12, 2017 | Personal Finance | 572 Comments

What will happen if you don’t pay your credit card debts? Will you go to jail because of it? These and a lot of other questions about credit cards have been answered below, courtesy of a credit card officer which I had the opportunity to interview. Due to the sensitivity of the topic, the credit […]

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