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Personal Finance
If you’re swamped in debt and it’s harder each month to at least pay your minimum credit card balances, inaction isn’t an option. But how do you tackle what could…
About Credit Card Hardship Programs Generally speaking, Americans are late in paying off credit card balances and the situation could get far worse after the devastating fallout from the coronavirus.…
Getting laid off is traumatic, but at least I got the bad news in a fitting place. I was in a doctor’s office when my cellphone rang. It was my…
American culture has created names for various age groups based on when they were born. Baby Boomers. Millennials. Generations X and Y. But another demographic has emerged based on what’s…
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
Debt is a threat to the retirement plans of almost every American. A recent study by Lending Tree showed that just about every senior carries debt into their early retirement…
First job? Congratulations! Welcome to the workforce! First paycheck? You have some planning to do. Paychecks are your ticket to join – and enjoy – America’s economy, but there are…
Borrower beware! If you are hoping to score a car or home loan and don’t know your debt-to-income ratio, you probably want to check into it. You might find out…
Sources:
- Barnett, A. (2019, April 23) Snowball vs. Avalanche: Which Debt Payoff Method Is Best? Retrieved from: https://www.moneyunder30.com/snowball-vs-avalanche
- Compton, J. (2018, June 8) How to Pay Off Your Loans Using the ‘Debt Avalanche’ Method. Retrieved from: https://www.nbcnews.com/better/business/how-debt-avalanche-method-helped-one-woman-pay-68-000-ncna881356
- Landes, L. (2019, March 12) The Correct Way to Pay Off Personal Debt: The Debt Avalanche. Retrieved from: https://www.consumerismcommentary.com/the-correct-way-to-pay-off-personal-debt-the-debt-avalanche/
- Singletary, M. (2018, December 25) A little too merry with holiday credit card spending? Adopt a debt-payoff strategy. Retrieved from: https://www.washingtonpost.com/business/economy/a-little-too-merry-with-holiday-credit-card-spending-adopt-a-debt-payoff-strategy/2018/12/25/46c20b10-07bc-11e9-85b6-41c0fe0c5b8f_story.html?utm_term=.d00907298272
- Berger, R. (2017, July 20) Debt Snowball Versus Debt Avalanche: What the Academic Research Shows. Retrieved from: https://www.forbes.com/sites/robertberger/2017/07/20/debt-snowball-versus-debt-avalanche-what-the-academic-research-shows/#355bcf521454