The descent to credit card Hell

Click through to Mint to view the enormous graphic and read about the weaseldick things card companies do to those falling into debt to make things even worse for them.

Credit card companies squeezing hard

A worried parent on Democratic Underground tells how his daughter made partial payments on credit card debt for a few months only to find the credit card company is demanding full payment of the entire bill or it goes to collection and probably garnishment.

The new guidelines required that 4% of the principal was [...]

Highway to financial Hell

Nearly 10 million American households, or 9.2 percent, don’t have bank accounts of any kind, according to Federal Reserve data.Those folks rely on payday lenders, pawnshops, rent-to-own stores, tax-refund lenders and other high-cost, quick-cash lenders to get by each week.

Thus, the reason they don’t have a bank account is not ignorance of them, but [...]