Do you have a mountain of debt and worry about money? You are not alone. According to the American Psychological Association, 72% of adults stress about money, auto loans, paying rent, or feeling overwhelmed by debt. Debt consolidation can be the solution – if you do it correctly. DebtHammer can help Whether you have $1,000 […]
Around 12 million American consumers use payday loans yearly, borrowing an average of eight loans at $375 each. With the standard lender fees and interest rates, each loan costs around $520 after everything is paid. If you feel trapped in a never-ending cycle of debt, you’re not alone. Fortunately, there are options to wake up […]
Thinking about debt settlement and not sure whether you’re eligible? You’ve come to the right place. According to Bloomberg.com, consumer debt hit a record high for 90% of Americans over the past year. Chances are you’re among that 90%. If you’re wondering how to get your ever-growing debt under control, debt settlement could be an […]
According to a report from the Federal Reserve Bank of New York, total household debt increased by $312 billion in the second quarter of 2022, soaring to $16.15 trillion. Americans are drowning in debt, and many are living paycheck to paycheck. Living paycheck to paycheck feels like an endless cycle where you can never get […]
If you have more debt than you can possibly pay, bankruptcy may be your best option. A bankruptcy filing can eliminate many debts and give you a fresh start. It’s not easy, though: bankruptcy will cost money and take time. Let’s look at how long it takes to file for bankruptcy. How long does bankruptcy […]
When a person files for bankruptcy, their credit score dives. This makes it extremely difficult to qualify for most forms of new credit. Most traditional lenders, including banks and credit unions, will reject applications for unsecured loans from consumers with bad credit or derogatory marks (ex., bankruptcy, charged-off accounts or accounts in collections) on their […]
As of July 2022, an estimated 11,756,058 people called Ohio their home. The average Kentucky resident makes $53,170 a year (mean wage) and owes about $41,740 in consumer debt (not including mortgages). Just over 13% of Ohio residents live in poverty — this makes Ohio the 36th highest in terms of its poverty rate. If […]
According to a May 2022 LendingClub survey, around 64% of Americans live paycheck to paycheck. Living paycheck to paycheck is not an issue isolated only to low-income people. It can happen to anyone at any income level. So what happens if you lose your job? Will you be able to consolidate your debts to keep […]
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 […]
Roughly 12,582,032 people make Illinois their home. Although the typical resident’s personal income is only $59,650, the state’s lower-than-average cost of living helps balance things out. Even so, many Illinois residents struggle to find debt relief and manage day-to-day expenses. In fact, the average debt per capita is $49,480 (excluding mortgages). Also, the state’s official […]