A charge-off is poison for your credit score. It’s a serious negative item on your credit report and will harm your chances of getting competitive rates on loans or being approved for a credit card. It’s not easy to remove a charge-off from your credit report unless it’s a mistake. However, it isn’t impossible. Here’s […]
Note: Updated in February 2024 to add information on the introduction of Idaho Senate Bill 1285. Laws vary from state to state. In some states, vaping is prohibited. In New Hampshire, it’s illegal to collect seaweed at night. And in Alaska, it’s unlawful for a person to get drunk at a bar and remain on […]
If you’ve racked up several missed payments and are watching your credit card debt increase rapidly, you have more to worry about than your rising balance. Your creditor may have the loan charged off as bad debt. According to the Federal Reserve of St. Louis, this happens to about 2.25% of credit card debts in […]
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 […]
If you’re juggling multiple bills each month — between medical bills, title loans, credit card bills, payday loans, and others — it can be hard on your checking account. Especially if you’re short on cash and the many payments are racking up overdraft fees or late fees. It might be time to consider rolling your […]
Making a big payment at once isn’t always an option. But thanks to the rise of Buy Now, Pay Later plans, you can order what you want and pay it off over time. Also known as BNPL, these point-of-sale payment options have rocketed into a $100 billion industry, partnering with major retailers and allowing you […]
Many experts will try to warn you against debt settlement. However, even though it isn’t the right choice for everyone, sometimes it’s actually a good idea. Suppose you don’t qualify for a consolidation loan or are considering bankruptcy. In either case, debt settlement will be a better option – especially if you think you’ll need […]
Payday loans can destroy your finances in a matter of weeks. Lenders know that most payday loan borrowers won’t be able to repay their loans in full from their next paycheck. More than 80% of those loans must be rolled over into new loans, with additional fees. Before you know it, you’re stuck in the […]
According to newyorkfed.org, total household debt surpassed $16 trillion in the second quarter of 2022. Meanwhile, mortgages, auto loans and credit card balances increased by $312 billion. Chances are, you are one of those with ballooning debt searching for solutions. Debt settlement is one of those options. However, many people worry about the risks and […]
According to the Federal Reserve Bank of New York, household debt now totals $16.90 trillion, $986 billion of which is on credit cards. If your debts are causing you serious stress, you must take action. Debt settlement and Debt Management Plans are two of your leading options for dealing with unsecured debts like credit card […]