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 »
Over half of all working Americans, including those who make between $50,000 and $100,000 a year, live paycheck to paycheck. If you need a couple of extra hundred dollars before getting paid and are thinking about taking out a cash advance, we have you covered. Disclaimer: DebtHammer may be affiliated with some of the companies …
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Around 12 million American consumers use payday loans each year, borrowing an average of eight loans at $375 apiece. With the standard lender fees and interest rates, each loan costs around $520 after everything is paid. If you feel like you’re trapped in a never-ending cycle of debt, you’re not alone. And fortunately, there are …
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In 2021, the FTC received over 2.8 million reports of fraud. About 34% of these reports involved individuals who lost money to some kind of a scam. While not all of these scams are related to payday loans, many of them are. In fact, tens of thousands of people are involved in a payday loan …
Disclaimer: Some or all of the products featured in this article are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. All opinions are our own. Credit cards often come with higher interest …
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Although Alaska is the biggest state in the United States, its population is rather small at 732,673 people. Many parts of the state are incredibly expensive, though, which leads to many residents struggling financially. Along with Utah, Alaska has one of the highest per capita debt-to-income ratios in the country. The average resident owes $63,920 …
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New York is home to 19.84 million people, making it the fourth most populous state in the country. Of those people, approximately 13% live below the federal poverty line, higher than the official poverty rate of 11.6%. Although the average personal income for a New York resident is $70,460, many New Yorkers struggle to make …
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Looking for debt relief in North Carolina? You’re not alone. North Carolina is home to about 10,551,162 people, many of whom struggle financially. The average personal income is $53,100, roughly $17,000 below the national average. Along with this, the state ranks 40th in terms of poverty rate at 13.6%, which is 2% higher than the …
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Florida is home to around 21.78 million people. Many parts of the state have a reputation for being relatively inexpensive places to live and great for retirement. But the cost of living continues to rise and many Florida residents struggle with debt and regular expenses. According to a recent study, around 13.1% of Florida residents …
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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 …
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