Category:
Debt Relief
Debt management plans might be the most productive and least appreciated member in the family of debt-relief solutions that includes debt consolidation loans, debt settlement and bankruptcy. DMPs, as they are…
There can be benefits to using a home equity loan to pay off credit card debt, including lower and fixed monthly payments. If you’re considering a debt consolidation loan, the…
Is carrying a lot of debt worse than carrying a lot of weight? If you’re a millennial the shocking answer is yes, at least if you are hoping to get…
Filing Chapter 13 Bankruptcy Chapter 13 allows debtors to repay all, or a significant portion, of their debts in 3-5 years under a court-ordered plan. The most common debts discharged…
It’s not easy being a Millennial. They get ridiculed more than Donald Trump, though at least Johnny Depp hasn’t threatened to assassinate any of them. Older generations see them as…
The first step in consolidating your bills is calculating how much debt you have and how much income is available to address it. List all your credit card balances and…
Credit card debt can be especially burdensome when the cards carry high interest rates. Compounding interest can create a snowball effect, making it difficult to pay off the debt and…
As a strategy, paying for college with a credit card sounds enticing. Your card probably offers generous air miles or points for every dollar you spend, and you have the…
Take our pre-file credit counseling course to receive a certificate of completion in compliance with the Bankruptcy Code. Start Pre-file Course Now About Pre-File Credit Counseling Bankruptcy is a legal…
Saving for medical bills isn’t nearly as fun as putting money aside for a trip to Disney World or a new car, but having a nest egg ready for an…
Sources:
- Sullivan, B. (2018, January 11) State of Credit: 2017. Retrieved from https://www.experian.com/blogs/ask-experian/state-of-credit/
- N.A. (2020, February 18) Delinquency Rate on Credit Card Loans, All Commercial Banks. Retrieved from https://fred.stlouisfed.org/series/DRCCLACBS
- NA (2020, February) Household Debt and Credit. Retrieved from https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2019Q4.pdf