Buy Now Pay Later plans are skyrocketing in popularity. You can divide anything from an Uber trip to a new TV into four interest-free purchases. After explosive growth, you’ve probably seen these payment options at your favorite stores. The first payment serves as a down payment, and you make three more remaining payments, usually over […]
Buy Now, Pay Later: 10 BNPL Options You Can Trust Read More »
Americans have a lot of credit card debt — $986 billion, to be precise. According to a recent survey, 57% have missed at least one payment and nearly half are using credit cards to pay essential bills. If you’re struggling to make multiple minimum payments each month, debt consolidation could solve your financial worries. Here’s
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It’s never too late — or too early — to start thinking about your financial health and get your finances in order. For many people, this means establishing a savings fund, paying off debt, or maxing out their investment account contributions. But if you’re struggling to pay for everyday expenses or monthly bills, the idea
DebtHammer Newsletter #15: The Tools You Need to Become Debt-Free Read More »
Millions of people are behind on their bills. In fact, 49% of American adults have been skipping meals to pay their bills. While continuing inflation from the COVID-19 pandemic hasn’t helped, many people struggled to pay their bills even before that. Unfortunately, there are some severe consequences if you can’t afford to pay your bills.
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According to our end-of-year survey, nearly half of American consumers planned to end 2022 in debt due to holiday spending. For many people, this was due to taking on expensive forms of credit like “Buy Now, Pay Later” plans or payday loans to cover holiday costs. Now, already two months into 2023, many people are
DebtHammer Newsletter #14: The Tools You Need to Become Debt-Free Read More »
Start 2023 with these smart financial habits There’s no better time to start making a few life improvements than January of a new year. And, according to a recent survey on the top New Year’s resolutions in America, finances are on over half of people’s minds. In fact, 39% of people made a resolution to
DebtHammer Newsletter #13: The Tools You Need to Become Debt-Free Read More »
Student Loans: Student Loan Forgiveness and Repayment Pause Approximately 42.8 million borrowers have federal student loans with an average balance of just under $38,000 each. A few months back, the Biden Administration proposed a new plan that would help reduce student loan debt by up to $20,000. This would be a significant help to many
DebtHammer Newsletter #12: The Tools You Need to Become Debt-Free Read More »
Where’s your money really going this holiday season? It’s that time of year again. The winter holidays are just around the corner, and the holiday shopping season is about to hit its peak. With two of the biggest shopping days – Black Friday and Cyber Monday – coming up this month, people are gearing up
DebtHammer Newsletter #11: The Tools You Need to Become Debt-Free Read More »
Cash Advance Apps 101 A cash advance app is an app you can download onto your phone and use to borrow ahead of your next paycheck. They’re usually free to use, though some apps (like Brigit) come with a small monthly subscription fee or have a tipping option (like Earnin or Dave). Unlike other short-term
DebtHammer Newsletter #10: The Tools You Need to Become Debt-Free Read More »
What you need to know about the new student loan debt forgiveness plan The average student loan debt per borrower is around $30,000, though many people owe much more than that. Having high amounts of any kind of debt can be stressful, especially if you’re trying to focus on your — or your family’s —
DebtHammer Newsletter #9: The Tools You Need to Become Debt-Free Read More »