Recent reports indicate that consumers have a knack for remembering incidents when they are treated unfairly by their credit card company. This sentiment is particularly pronounced when compared against reactions to other companies, such as health insurance companies or grocers. One reason for this attitude may be that consumers in Texas, and across the country, are feverishly attempting to pay down the overwhelming debt that many have accumulated through credit card usage.
Most Houston residents likely know that they have a credit report, which is dedicated to chronicling their financial activity. Lenders can use this report to investigate if an individual is a worthy candidate to lend money to.
The economic crisis over the last several years has led many consumers to file for bankruptcy. In fact, as of September 2011, 1.4 million U.S. residents, including many residents in the Galveston area, sought bankruptcy protection. However, there is good news for consumers worried about how a bankruptcy will affect their future finances. Many consumers wonder if having a bankruptcy on their record will prevent them from getting certain financial products down the road, such as qualifying for a credit card.
According to a recent media report, John W. Beakley, a businessman who operates Roundtable Corp., which owns many Dairy Queen restaurants throughout Texas, recently filed for business and personal bankruptcy.
According to a recent media report, there are many military families, such as those residing in Texas, battling credit card debt. Even the financial benefits of active-duty service members are often not enough to offer military families the relief they need.