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Many consumers today, more than ever, are struggling to make ends meet in the face of economic crisis. Unexpected job losses and lack of available employment add up to the burden. For credit card holders, they are confronted with increased interest rates and fees imposed by different issuers.

And although there had been changes made in the Credit CARD law which were meant to protect consumers from bad debt, cardholders must still face the fact that there is still no cap limit on credit cards with variable rates.

If you are a credit card holder struggling with debt, what can you do to avoid bankruptcy? Given the situation, how can you protect yourself from financial disaster?

Read more Credit Card Debt Tips to Avoid Bankruptcy

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Debt Articles by scco-admin