Food stamps are provided through a program known as the Supplemental Nutrition Assistance Program, or SNAP. Roughly one in seven low-income households get food assistance through the program. This is more relevant than ever when you consider that 49% of Americans are struggling with higher food prices, and half of the U.S. is expected to …
What is the Income Limit for Food Stamps? What You Need to Know Read More »
Though Nebraskans’ average credit card debt is lower than average, it is still significant. The state’s average of $4,819 lands them at #36 in the U.S., while the average personal loan balance is estimated at $24,901 and has an 8.75% average interest rate. If you’re a Nebraskan struggling with debt, there are resources that can …
Nebraska Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
Many Oklahomans are grappling with a significant amount of debt. On average, Oklahoma households have an average of $8,409 in credit card debt and the sixth-highest credit card debt burden in the U.S., according to CreditCards.com. The median household income in Oklahoma is around $53,840. That’s far below the estimated real median income in the …
Oklahoma Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
Millions of Texans struggle financially every year. Texas regularly ranks toward the top of states with the highest total credit card debt, averaging $6,753. Texas also has some of the most lenient payday lending laws, landing two cities — Dallas-Fort Worth and Houston — on the list of top 10 cities with the worst payday …
Texas Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
Alabama has made some significant inroads when it comes to credit card debt. In a 2019 report, the state was ranked near the bottom. But according to a 2022 analysis, Alabama had a median of $2,013 in credit card debt, the third-lowest total of any state, behind South Dakota and Mississippi. The average payoff time …
Alabama Debt Relief: The Tools You Need to Escape the Debt Trap 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 »
Holiday spending is expected to be robust again this year, whether or not Americans can afford it. About 50% of shoppers are planning to take on new short-term debt this year during the Christmas season to cover their extra costs, and getting through the season is taking a toll on emotional health, causing depression, crying, …
Half of Americans Will Rack Up Debt over Holidays, Survey Shows Read More »
Let’s say you notice an unauthorized transaction in your bank account after your debit card goes missing. This can be aggravating. But a federal regulation gives you a potential way to fix it. Much of Regulation E, part of the federal Electronic Fund Transfer Act of 1978, lays out what happens when an error involving …
How Unauthorized Transactions Work, and How to Dispute Them Read More »
As of mid-July last year, Arizona’s total population was an estimated 7,276,316 people. In comparison, the state with the highest population was California at 39,237,836. Arizona is ranked 15 when it comes to the poverty rate. The state’s current poverty rate is 12.8%, which is slightly higher than the national poverty rate of 11.6%. The …
Arizona Debt Relief: The Tools You Need to Escape the Debt Trap 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 »