Have you got a lot of debt? It can be challenging to keep track of payments and balances on outstanding debts between credit cards, student loans, and auto loans. Debt consolidation can be a great way to get your debts under control. But if you’re wondering whether you can keep your credit card accounts open […]
Does Debt Consolidation Close Credit Cards? What You Need to Know Read More »
According to cnbc.com, consumer debt has hit a record $16.9 trillion and delinquencies are also on the rise. Consumer debt was up about $1.3 trillion from a year ago across all major categories. And the Federal Reserve Bank of New York reports that credit card balances grew robustly in the fourth quarter. Credit card debt
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Many of us have been there, which is not fun. You look at your checking account balance and see that it is negative. You don’t know how or when your account became overdrawn, but here is a guide to making it through the dreaded negative balance on your bank account. Pewtrusts.org indicates that about 18
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We all need a place to live, and your prospective landlord can use your credit score to decide whether or not to approve your rental application. What credit score do you need to rent an apartment? Rental companies prefer applicants with FICO scores of at least 620. However, they will rent to people whose scores
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People deal with debt worldwide, and credit collection agencies harass some. 15% of Americans have been sued by a debt collector, according to a 2017 report by the Consumer Financial Protection Bureau. According to CNBC.com and a report from the Urban Institute, roughly one in three Americans have had debt in collections. You just received
Did You Get a Debt Validation Letter? Don’t Panic Read More »
According to Forbes, more than half of American adults now owe some medical debt. A report from KFF shows that about 11 million owe more than $2,000, and three million people owe more than $10,000. It’s no wonder people might be looking for debt relief. According to Kaiser research, the medical debt stood at $195
Medical Debt Consolidation: Is It Worth It? It’s Complicated Read More »
Do you have severe debt problems? Are you underwater with credit card debt, have an untenable mortgage, unpaid medical bills, outstanding personal loans, and other unsecured debt, or have your wages garnished? According to statistics released by the Administrative Office of the U.S. Courts, the September 2021 annual bankruptcy filings totaled 434,540. Filing for bankruptcy
Types of Bankruptcy Explained: Which is Right for You? Read More »
What are your options if you have no credit history and want to get a credit card or want to start building your credit? Having no credit history is also known as being “credit invisible,” a designation that affects 26 million Americans. A credit builder loan may be able to help. They are designed for
Credit-Builder Loans: What You Need to Know Read More »