85% of Parents Worry About School Safety, Survey Shows

By DebtHammer | Aug 9, 2022 | Comments Off on 85% of Parents Worry About School Safety, Survey Shows

As kids head back to school this year, parents are facing one particularly big challenge: fear. On May 24, 2022, 18-year-old Salvador Ramos fatally shot 19 students and two teachers at Robb Elementary in Uvalde, Texas, and headlines are still swirling about the police response that day, leaving parents and students a bit wary and […]

DebtHammer Newsletter #7: The Tools You Need to Become Debt-Free

By Angela Watson | Jul 13, 2022 | Comments Off on DebtHammer Newsletter #7: The Tools You Need to Become Debt-Free

Since Bitcoin was first introduced to the market in 2009, cryptocurrency has soared in popularity amongst investors for numerous reasons. For one thing, cryptocurrency has massive potential when it comes to gains. According to Forbes, Bitcoin was worth $19,400 as of July 2022. In comparison, it was valued at $500 in 2016 — that’s a […]

Medical Debt Consolidation: Is It Worth It? It’s Complicated

By Jennifer Chiongbian | Jun 27, 2022 | Comments Off on Medical Debt Consolidation: Is It Worth It? It’s Complicated

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 […]

Why is My Loan Payoff Amount More than What I Owe? What You Need to Know

By Sam Wilson | Jun 27, 2022 | Comments Off on Why is My Loan Payoff Amount More than What I Owe? What You Need to Know

If you’ve been carrying a large loan for some time, paying it off can be exciting. It can also be a bit of a shock if you find out that your loan payoff amount is more than what you thought you owed. The amount you need to pay off a loan may not be the […]

DebtHammer Newsletter #6: The Tools You Need to Become Debt-Free

By Angela Watson | Jun 23, 2022 | Comments Off on DebtHammer Newsletter #6: The Tools You Need to Become Debt-Free

For many people, bankruptcy seems like the answer to large amounts of high-interest debt, overextended credit, and even marital issues. If you’re considering it as an option, you’re not the only one. Hundreds of thousands of people file for bankruptcy every year. In 2021 alone, there were around 413,000 personal bankruptcy cases. Bankruptcy has its […]

Survey: Americans Borrow Money, Default on Bills to Buy Cryptocurrency

By DebtHammer | Jun 22, 2022 | Comments Off on Survey: Americans Borrow Money, Default on Bills to Buy Cryptocurrency

Cryptocurrency investing has been a wild ride lately. So what happens when you combine the tempting prospect of new global currencies and unprecedentedly low prices, but you don’t have any cash to invest? Americans are turning to lenders. And as many investors are currently adding up their losses, others are doubling down, using loans to […]

Survey: 27% Lack Emergency Fund, 49% Struggle With Food Prices

By DebtHammer | Jun 12, 2022 | Comments Off on Survey: 27% Lack Emergency Fund, 49% Struggle With Food Prices

More than a quarter of Americans have no emergency fund to carry them through a financial crisis, and almost half have said they’re struggling to feed their families. Inflation has soared to the highest level since December 1981 as Americans continue to grapple with unprecedented financial challenges, and most families have been caught off guard. […]

Father’s Day: If ‘Dad’ was a Paid Position, He’d Earn Less than Mom

By DebtHammer | Jun 9, 2022 | Comments Off on Father’s Day: If ‘Dad’ was a Paid Position, He’d Earn Less than Mom

While the gender pay gap means that women earn 83 cents for every dollar earned by a man in the workforce, there’s one area where the trend would be reversed – fatherhood. If being a dad was a paid position, 30% of Americans believe the job is worth a six-figure salary and 12% say it […]

Thinking About Filing Bankruptcy for Credit Card Debt? What You Need to Know

By Alaina Sheehan | Jun 1, 2022 | Comments Off on Thinking About Filing Bankruptcy for Credit Card Debt? What You Need to Know

According to Bankrate, the average credit card balance in 2021 was $5,525 and the average consumer had three credit cards. That comes out to $16,575 just in credit card debt, never mind what you’re shelling out for car payments, student loan payments, rent/mortgage payments, etc.! Given that the average full-time salary in 2021 was around $50,000, […]

Cheap Ways to File Bankruptcy: How to Keep Your Costs Low

By Angela Watson | May 17, 2022 | Comments Off on Cheap Ways to File Bankruptcy: How to Keep Your Costs Low

Filing for bankruptcy is expensive what with the credit counseling course fees, court filing fees and, typically, attorney fees. Fortunately, even though there’s no real way to file for free, there are ways to keep costs low. And, if you’re in a financial pinch, this can help you get back on track without falling further […]

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