Inflation continues to rise, and interest rates are still increasing, so many people are also seeing their savings dwindle and disappear. All of this will undoubtedly lead to their credit card debt increasing as well. Nobody ever wants to be in a position where his or her emergency savings are gone, and their credit card […]
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Consumer Debt Hits Record $16.9 Trillion: Delinquencies On The Rise
This is BIG news, but it’s not the good kind. Household consumer debt in the United States has been steadily increasing over the years and has now hit a record high of $16.9 trillion. This represents a significant burden on American households as many struggle to keep up with mortgage payments, car loans, credit card […]
Continue Reading5 Helpful Tips On How To Use Credit Cards Responsibly
Some refuse to use credit cards, thinking that if they don’t use them, they won’t get into a difficult financial situation like debt. The truth, however, is that credit cards can be powerful tools if they are correctly used. They can help you build up your creditworthiness and increase your credit score if you use […]
Continue ReadingGet Rid Of Credit Card Debt From Holiday Gift Overspending
When it comes to holiday gift giving, it’s easy to go extreme and end up with a hefty credit card bill afterward. Overspending on gifts can lead to mountains of debt and financial strain that can take months or even years to pay off if not managed properly. Fortunately, several tips can help you eliminate […]
Continue Reading5 Options On How To Pay Off Credit Card Debt Fast
You usually do not get into credit card debt overnight, so you also won’t be getting out of credit card debt overnight either. However, there are some options to help you pay off that debt faster than just making those minimum payments. That method can take upwards of 20 or even 30 years. We’re going […]
Continue ReadingMoney Milestones You Need To Hit Before 30
Managing money is a skill that takes practice. When a person is in his or her 20’s, careers are just getting off the ground. Spending that hard-earned cash seems to be their new goal. Although a few indulgences are understandable, consider a few objectives that should be part of those long-term plans. Explore these top […]
Continue ReadingHow To Avoid Debt Traps This Holiday Season
The Holiday season is knocking on the doors, and indeed, people cannot stop thinking of how much they will spend on gifts and fun activities. Like with other holidays witnessed in recent years, this Christmas season will be a shopping and spending spree for many. However, the shopping frenzy has both benefits and a few […]
Continue ReadingWhat Happens When Your Credit Card Deferment Has Ended?
With the Coronavirus pandemic wreaking havoc on the US business community and elected leaders requiring some businesses to close, credit cards are being used by consumers and business owners as one of several financial buffers to get through these tough times. Unfortunately, this has created a dilemma for anyone facing credit card debt, or those […]
Continue ReadingHow To Handle That Old Debt
Dealing with old debt is a nuisance for most people who’ve likely moved on with their lives or even forgotten about the debt completely. But, as they say, old things come back to haunt us. You’ll find a bit of relief, however, because it’s much easier to handle older debts than new. With the right […]
Continue ReadingIs Non-Profit Debt Consolidation Right For You?
There can come a point where credit card debt can build up to levels that become overwhelming and too much for people to deal with. Maybe they’re already getting collection calls or getting mail that has bad news of what could happen if they don’t start paying up. When this starts happening, there are usually […]
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