In the news: Student loans Federal student loan repayment freeze extended Last month, President Biden extended the federal student loan repayment freeze until August 31, 2022. This makes it the fourth extension since he came into office and the seventh overall since the start of the COVID-19 pandemic in March 2020. The point of the […]
If you’re looking for ways to eliminate expenses, reduce debt, build savings or an emergency fund, you’re in luck. There are dozens of effective ways to do just that, many of which you can start right now. From cutting back on utilities and swapping insurance providers to finding inexpensive entertainment options, here are the 37 […]
Sometimes things just don’t work out as planned: you buy a car that’s a lemon or the vacation timeshare you agreed to under pressure turned out to be a big mistake. In the case of a timeshare, you can hire a timeshare exit company to help you wave goodbye to your unwanted vacation property for […]
We all agree that motherhood is a very big job. In fact, more than 35% of Americans believe that if motherhood was a paid position, it deserves a six-figure salary. Mother’s Day is May 8, and this year Americans are expected to spend about $31.7 billion showering their moms with gifts, according to the National […]
Here are some of the most important financial terms you need to know: Adverse credit history: A credit history that shows regular late or missed payments on one or more loans or lines of credit. It can also be used to describe a credit history that includes default judgments against an applicant, bankruptcy … basically […]
DebtHammer’s newsletter breaks down the key financial developments that you need to know. 70% of medical debt in collections to drop from credit reports If you haven’t already heard, the three major credit reporting agencies – Experian, Equifax, and TransUnion – have recently joined efforts to change their policy on medical collections debt reporting. Starting […]
With gas prices averaging $4.18 a gallon across the U.S. and a price hike from summer blends looming, more than 72% of Americans have already had to make some tough financial choices due to the extra expense. The past few months have been difficult. According to Gas Buddy, fuel costs jumped more than 20% in […]
Disclaimer: DebtHammer may be affiliated with some of the companies mentioned in this article. DebtHammer may make money from advertisements or when you contact a company through our platform. A good credit score matters because it can directly affect your ability to qualify for things like loans, apartment rentals and even certain jobs. With good […]
What are your options if you have no credit history and want to get a credit card or want to start building your credit? Having no credit history is also known as being “credit invisible,” a designation that affects 26 million Americans. A credit builder loan may be able to help. They are designed for […]
It’s a familiar struggle. You need to make an emergency trip home to visit the family, or the car has two damaged tires that have to be replaced, or you need that perfect new pair of shoes you’ve been eyeing that just went on sale. You don’t have the cash to pay, but waiting is […]