Paying off one installment loan is hard enough. Juggling multiple lines of installment debt is a nightmare. That’s why people are turning to installment loan debt consolidation as a solution. Pro tip: Installment loans are high interest rate loans that are offered at banks, credit unions and online lenders. The loans can sometimes be secured […]
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Debt settlement can be a way out of a bad situation. Settled debt is gone: there are no more collection calls, bills or pressure. But there are still drawbacks. One is the impact on your credit score. Our take Four ways debt settlement affects your credit score Debt settlement can affect your credit score in
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According to the Federal Reserve Bank of New York, household debt now totals $16.90 trillion, $986 billion of which is on credit cards. If your debts are causing you serious stress, you must take action. Debt settlement and Debt Management Plans are two of your leading options for dealing with unsecured debts like credit card
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Making a big payment at once isn’t always an option. But thanks to the rise of Buy Now, Pay Later plans, you can order what you want and pay it off over time. Also known as BNPL, these point-of-sale payment options have rocketed into a $100 billion industry, partnering with major retailers and allowing you
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Many experts will try to warn you against debt settlement. However, even though it isn’t the right choice for everyone, sometimes it’s actually a good idea. Suppose you don’t qualify for a consolidation loan or are considering bankruptcy. In either case, debt settlement will be a better option – especially if you think you’ll need
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There are 43.2 million student loan borrowers in the United States, each with an average balance of $39,351. And federal student loan interest rates have risen to the highest level in a decade. It’s difficult to keep up with such large amounts of debt, especially when you’re just starting out. But what happens to the
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Tracy didn’t know where to turn. Her husband had been out of work for almost a year, and the family had been relying on payday loans to keep the lights on and the kids fed while he searched for a job. By the time he found work, they had nine payday loans totaling more than
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What happens if you fail to repay your payday loan debt? Will you face felony charges and run the risk of jail time? Is it considered a misdemeanor? Don’t worry. Jail isn’t a legal punishment for defaulting on debts. And you won’t be arrested. However, an unpaid loan can make life difficult in many other
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It may seem crazy that many high-income medical professionals are struggling with debt. But you’d be shocked by the number of doctors who earn $600K+ a year but are living paycheck-to-paycheck due to crippling student loans with high interest rates. One survey found that one-third of healthcare workers said their financial security was impacted by
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Thinking about debt settlement and not sure whether you’re eligible? You’ve come to the right place. According to Bloomberg.com, consumer debt hit a record high for 90% of Americans over the past year. Chances are you’re among that 90%. If you’re wondering how to get your ever-growing debt under control, debt settlement could be an
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