Tag Archives: Consolidating Credit Card Debt

2017 Was a Big Year for Consumer Credit

By Nowack & Olson, PLLC | Posted on March 27, 2018

You might have been noticing more new cars in your neighborhood or more neighbors starting home improvement projects. There is a reason. According to a recent report from TransUnion, 2017 saw consumer credit grow at a steady pace, with more than 20 million new credit accounts opened in 2017 alone. TransUnion credits the strengthening… Read More »

Consolidating Credit Card Debt with a HELOC Is a Terrible Idea

By Nowack & Olson, PLLC | Posted on February 23, 2018

Consumer credit card debt continues to climb. In December 2017, consumer credit grew by $18.4 billion to a total of $3.841 trillion. Distressed consumers might be considering debt consolidation with a home equity line of credit (HELOC) or home equity loan. No matter how precarious your finances, using your home to consolidate credit card… Read More »