Black Friday is no longer just a single day devoted to shopping: the deals and promotions started this year while stores were still stocking Halloween candy. But there’s a dark side that comes along with holiday shopping and celebrations – 48% of Americans will end up further in debt. More than 5% said they’ll have […]
The Black Friday sales have already started and it’s a tough time of year for anyone struggling to keep their debt under control. Last year, more than half of Americans said they planned to take on debt to cover their holiday expenses. This is no surprise, considering that almost half of Americans say they don’t […]
Payday loans are generally considered an emergency option, but as families struggle to pay for essentials like gas, groceries and rent, more people are using them as a financial lifeline. According to a new survey, almost half of Americans have used payday loans to cover some type of expense. But the tight repayment schedule makes […]
It’s your worst nightmare: your car engine blew and you can’t get to work. But you have no emergency fund, your credit cards are maxed out, and payday isn’t for another two weeks. How can you get enough money to get it repaired without missing work? If you’ve ever needed cash on short notice, you […]
Buy Now Pay Later plans are skyrocketing in popularity. You can divide anything from an Uber trip to a new TV into four interest-free purchases. After explosive growth, you’ve probably seen these payment options at your favorite stores. The first payment serves as a down payment, and you make three more remaining payments, usually over […]
Paying off debt can be one of the biggest challenges in all of personal finance. Credit cards, student debt, and payday loans are all designed to trap you in a loop of endless minimum payments. But as long as you stay disciplined, it is possible to escape. All you need is the right debt repayment […]
The debt-to-income ratio (DTI) is a metric lenders use that compares your total monthly debt payments to your gross monthly income. It measures your ability to manage your existing debt obligations compared to your income. It is also usually a critical factor in determining whether you can borrow more money. Calculating your debt-to-income ratio is […]
Are you struggling to find enough cash each month to make the minimum payments on all your credit card bills? Debt consolidation may be the solution you need. Here are seven reasons why you should consider it. Key points Seven times you should consolidate debt There are plenty of reasons to consider debt consolidation. Here are […]
Dealing with debt can be complicated, particularly if you’re being harassed by debt collectors or have received a court summons. Hiring an attorney can be expensive and scary, and you may not actually need one. 9 signs you may need to hire a debt relief lawyer If you’re considering the options, you probably already have […]
If you’re struggling with debt, debt settlement might be the solution. According to a report from the Federal Reserve, borrowing has reached record highs, and outstanding consumer credit now totals $4.7 trillion. Debt settlement is a form of debt relief that involves negotiating with your creditors and debt collectors to reach an agreement to accept […]