The Top-10 Blue Water Credit Blog Posts of 2015

As 2015 comes to a close and we look ahead to 2016 with fresh hope, optimism, and lofty goals, eager to face the challenges it will hold. But before we turn off the lights on 2015, we wanted to recap the best blog posts of the year. Here are the top Blue Water Credit bog posts of 2015 as chosen by you. Thanks again for clicking, reading, sharing, and being a part of the Blue Water Credit family. We look ...

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the-issue-of-personal-debt

Digging Deeper Into The Issue of Personal Debt

A new study digs deeper into the issues, problems, and root causes, of our personal debt.

How much do we owe, to whom, and why? Those are the questions a recent comprehensive financial survey by NerdWallet.com set out to answer, with some alarming results. NerdWallet, a financial website that relies heavily on data, analyzed the most recent (Q3 2015) statistics from the New York Federal Reserve, the U.S. Census Bureau, and others in the industry, as well as using a Harris ...

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30-facts-about-thanksgiving

30 Things You Didn’t Know About Thanksgiving.

1. Americans eat 46 million turkeys every Thanksgiving and eat about 535 pounds of turkey meat.

2. The average turkey day gobbler weighs 16 lbs. On average, they are 70% white meat and 30 % dark meat.

3. White meat and dark meat are in fact, very different. Dark meat has about twice the fat and contains saturated fat. While eating white meat may save you a few calories (only about 45 per serving), you’ll miss out on the darker meat’s vitamins, ...

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​9 Things that debt collectors CANNOT do to get you to pay.

Have you had a run-in with a debt collector? If so, you’re not alone, as the Urban Institute study recently revealed that an estimated 1 in 3 adults, or 77 million Americans, are so delinquent paying a debt that it’s gone to collections. If you’re one of those people then you’ve also probably learned that debt collectors can be aggressive, relentless, sneaky, rude, deceptive, or even resort to downright harassment to collect money. That’s especially true of third party debt ...

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Can creditors throw you in jail for not paying your debts? (Part 2)

As we talked about in the first installment of this blog post, debtors use the court system to collect, bending the legal process past its intended spirit in some cases.

When a debtor’s examination is requested and a defendant/debtor doesn’t appear for any reason, they can be found in contempt of court. At that point, a warrant can be issued for their arrest and they can be incarcerated, placed behind bars technically for contempt of court – not failing ...

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Can you be thrown in jail for not paying your debts? (Part 1 of 2)

If you don’t pay your debts in modern day America, can your creditors have you thrown in jail? 

A look back to 19th century England:
In the decades leading up to the 1850s in England, London’s jails were filled to the brim with a certain brand of incarcerated prisoner: debtors. Sent to prison – sometimes for twenty or thirty years – because they couldn’t pay their bills or repay their debts on the outside, impoverished debtors languished behind bars without any other ...

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Which city ranks highest for average credit card debt compared to income?

Which city in the U.S. is the most burdened with credit card debt? A new poll by CreditCards.com reveals just that, assessing the debt burden of the top 25 metropolitan areas. But the discussion goes further than just which city has the highest average credit card debt because a big factor in the study’s rankings include the median income in the area, showing the true disparity between debt and earnings. It also tabulates how many months it would take to ...

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Americans are still buried in credit card debt, but have plenty of options to start shoveling their way out.

Recent findings from the Federal Reserve revealed that Americans are still buried in debt even after the recession and financial recovery. In fact, as a nation we now have $884.8 billion of credit card debt, not to mention our rising student loan and medical debt. And while our credit card debt totals are down approximately 5% since last year, analysts point out that’s because so many people have defaulted on large amounts of debt, not that we’re paying it off. ...

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10 Statistics that show we have a long way to go to truly understand credit, debt, and personal finance.

1. According to the National Foundation for Credit Counseling, 60 percent of American adults had not reviewed their credit score and 65 percent had not reviewed their credit reports within the previous 12 months. Only 29 percent of adults had reviewed both their credit report and score in the last year, or just over 1 in 4.

2. The same study found that 54 percent of respondents erroneously thought that their credit scores could be found on a standard credit report.

3. ...

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Is student loan consolidation right for you?

Blue Water Credit is proud to announce we’ve been approved to provide student loan assistance.  We can now help you explore all of your options, including student loan consolidation, rehabilitation, and even possible forgiveness.

Is student loan consolidation right for you?

Recent reports claim that 7 out of 10 college graduates end up with student loans, with an average of almost $30,000 in debt.  Many of them struggle to even make the monthly payments, holding them back from saving, paying off credit ...

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