Which credit card is the best to get

What Credit Card Should I Get?

If you’re looking for a new credit card, what type of credit card should you get? There are literally hundreds of options available and the correct one for you depends on your credit rating, credit history, and what you want from a credit card. Why Should You Get a Credit Card? Credit cards have pretty much become a necessity if you want to do things like book a hotel room or buy a plane ticket because they are easy to use when shopping in person or online. One of the perks about using a credit card is it’s more secure […]

What Happens to Credit Card Debt After 7 Years

What Happens to Credit Card Debt After 7 Years

Disclaimer: Pacific Debt, Inc. is not a law firm and this article should not be construed as legal advice. Only a licensed attorney in your state can provide legal advice. Seven years seems to be a magical number for financial considerations. Seven years can clear some data off your credit report. Seven years is how long you usually need to keep tax information. However, seven years does not automatically clear away what you may owe from your credit report. Events like Chapter 7 bankruptcy can stick around much longer. And your state may have a different statute of limitations for […]

Banks Start Closing Credit Cards and Cutting Credit Limits Due To Pandemic

Banks are Closing Credit Cards and Cutting Credit Limits Due To Pandemic

The Covid-19 pandemic is having many diverse effects on Americans – from health care to child care to in-person communication. There is yet another change on the horizon that people need to be aware of in order to protect themselves from financial disaster. Depending on your age and your credit score, your credit cards may be closed or the credit limits may be slashed in the next few weeks or months. In fact, more than 70 million card holders have been affected in the last 60 days. Sometimes these changes are made in response to a falling credit score, not […]

California Residents Getting Sued Over Credit Card Collections Bills

California Residents Getting Sued Over Credit Card Collections Bills

Pacific Debt, Inc. is not a law firm and this article should not be construed as legal advice. Only a licensed attorney in your state is able to provide legal advice. California Residents Getting Sued Over Credit Card Collections Bills From 2015 to 2019 the number of California residents being sued over credit card collection bills has more than doubled, going from 9,510 cases to 24,453 cases. And that number probably will not go down any time in the near future. Thanks to the economic hardships created by the Covid-19 epidemic, more Californians can expect a legal summons for their […]

How to get debt relief from the coronavirus

How to Get Credit Card Debt Relief from the Coronavirus Pandemic

With vitally important stay-at-home orders issued in most states and many businesses closed down because of the COVID-19 pandemic, you may be one of the millions who are taking a financial hit. While you pay attention to your health, you need to pay attention to your credit cards and your spending. It will be very easy to spiral deeper into debt and rack up some serious balances on your credit cards. There is also some potentially good news coming out of this situation that may help you with your credit card bills.  Speak to a debt specialist for free. They […]

What Is a Good APR for a Credit Card?

What Is a Good APR for a Credit Card

As you are shopping around for a credit card, you’ll notice the APR or annual percentage rate. These rates vary widely, generally from 16% to more than 25%. How do you know if you are getting the best possible APR for your credit card? What is APR? ARP is the amount of interest charged on credit card purchases and cash withdrawals. The quick version is that the APR is based on the prime rate or the lending rate that is offered to borrowers with the best credit scores, generally over 690. We’ve covered how credit card interest works in great […]

How Long to Keep Credit Card Statements

How Long to Keep Credit Card Statements

At least once a month, you get statements from a wide variety of vendors, either through email or paper mail. Did you know that, by law, you need to keep some of these records for a certain amount of time? And once you no longer need them, what’s the best way to dispose of them? Those pieces of paper contain a huge amount of personal information. Also,  what’s the best way to store these records? If you have a business, you will have additional requirements, but this article will be geared towards consumers rather than businesses. Call us today and […]

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