The DebtHammer Blog

Learn how to get a grip on your personal finances.

The DebtHammer Newsletter #3

By Nick Gallo | Apr 2, 2021 | Comments Off on The DebtHammer Newsletter #3

Table of Contents “Look! Up in the sky! It’s the national debt of the United Kingdom!” “It’s the total GDP of Russia!” “No, it’s America’s student loan debt!”The Story So FarFighting Out of the Blue Corner… President Joe Biden?Hopes (Somewhat) DiminishedWill We See Forgiveness Soon? How About in the Next Stimulus Package?In Other News…Stay Tuned …

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The DebtHammer Newsletter: Issue #2

By Nick Gallo | Jan 18, 2021 | Comments Off on The DebtHammer Newsletter: Issue #2

Table of Contents Lawmakers press forward as the battle continues.Where Were We?Nevada Fires a Warning ShotAn Unexpected “City On A Hill” in the Land of LakesThe Battle Is Far From Over Lawmakers press forward as the battle continues. Payday lenders have been under fire for years now. Most of America’s left-leaning states have long seen …

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Free Credit Repair: The Definitive Guide to Fixing Bad Credit Yourself

By Nick Gallo | Jan 18, 2021 | Comments Off on Free Credit Repair: The Definitive Guide to Fixing Bad Credit Yourself

Bad credit is like a shackle around your ankle. It can make getting a decent loan, buying a car, and even renting an apartment more difficult. Even the worst credit scores are salvageable, though. It’ll take some time, research, and discipline, but fixing bad credit is always possible. You don’t need to hire a credit …

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Tribal Payday Loans (What You Need to Know)

By Nick Gallo | Jan 13, 2021 | Comments Off on Tribal Payday Loans (What You Need to Know)

The payday loan industry is notorious for its predatory practices and tendency to disregard the law. Federal and state governments alike have attempted to rein in payday lenders to protect consumers. They’ve had some success, limiting interest rates to reasonable levels in many states, but tribal payday loans take regulatory avoidance to a whole new …

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Credit Counseling: Your Definitive Guide

By Nick Gallo | Jan 13, 2021 | Comments Off on Credit Counseling: Your Definitive Guide

Debt relief services are like weight-loss services. Many of them are worthless, and some are outright scams. But borrowers who need help with their debts can’t afford to waste any of their limited cash flows. Fortunately, credit counseling is one of the few reliable sources of affordable financial help. This guide will discuss how it …

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How Much Should I Spend on Rent? (How to Find Your Number)

By Nick Gallo | Jan 12, 2021 | Comments Off on How Much Should I Spend on Rent? (How to Find Your Number)

Paying rent never feels good. But if you’re consistently upset about the amount left in your bank account afterward, you may be wondering: Is this normal? How much should I spend on rent? Most people probably experience a similar feeling. Studies show that, on average, the three largest expenses are housing, food, and transportation costs. …

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7 Best Ways to Find Cash Fast When You’re in a Pinch

By Nick Gallo | Jan 12, 2021 | Comments Off on 7 Best Ways to Find Cash Fast When You’re in a Pinch

There’s no shortage of advice online about ways to find cash fast. Not having enough money is an almost universal problem, and everyone is looking to solve it one way or another. Unfortunately, a lot of the suggestions you’ll find are more trouble than they’re worth. Some cost too much money upfront, some take too …

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How Do Secured Credit Cards Work? How Are They Different From Unsecured Cards?

By Nick Gallo | Jan 11, 2021 | Comments Off on How Do Secured Credit Cards Work? How Are They Different From Unsecured Cards?

Credit cards come in all shapes and sizes. Well, most of them are roughly 7-square-inch rectangles, but they do have very different qualities. In particular, secured credit cards work differently from their unsecured counterparts. There are pros and cons to both types, and which one you need will depend on your credit scores and intentions …

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Are Payday Loans Fixed or Variable? (What You Need to Know)

By Nick Gallo | Jan 8, 2021 | Comments Off on Are Payday Loans Fixed or Variable? (What You Need to Know)

Payday loans are a notoriously expensive form of borrowing. But their Annual Percentage Rate (APR) is often unclear at first glance. Many payday lenders express their costs as a flat fee instead of an interest rate. That raises questions like: Are payday loans fixed or variable? What is their real interest rate? Find the answers …

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What Is A Payday Alternative Loan (PAL)?

By Nick Gallo | Jan 8, 2021 | Comments Off on What Is A Payday Alternative Loan (PAL)?

Payday loans aren’t a sustainable form of credit, especially for people already living paycheck to paycheck. They’re far too expensive to be safe and frequently trap borrowers in a cycle of debt. A payday alternative loan (PAL) is a much better option for meeting short-term financial needs. Table of Contents What is a Payday Alternative …

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