Does it Feel Like Your Monthly Debt Payments Have ZERO Impact on Your Balances?
High-Interest Debt and Its Sneaky Little Friends Picture this: You’re sitting at your kitchen table with a cup of coffee and a stack of bills. You see the usual suspects—credit card statements, personal loan invoices, and maybe even a medical bill or two. As you sip your coffee and start calculating, you realize that despite
Here’s What Happens When Your Credit Card Debt Hits $20,000: You May Want to Sit Down for This.
The Story: From Comfortable to Overwhelmed. Meet Linda. Linda was your go-to example of stability and success—a well-paid job, a lovely home, and a future as bright as her meticulously curated Instagram feed. Then came the divorce. What was once a partnership in both life and finances quickly became a one-woman show, with Linda playing
Why is it SO hard to pay off my credit card debt?
Credit card debt is like navigating through a maze that’s constantly shifting and expanding. It’s perplexing, frustrating, and, at times, seems impossible to escape. The allure of spending power, coupled with the reality of accruing interest, creates a complex financial situation that can be challenging to manage. Let’s explore why paying off credit card debt
Debt Relief Horror Stories: 3 Questions You MUST Ask Before Signing a Contract.
Navigating the treacherous waters of debt relief can feel akin to threading a needle in a hurricane. Amidst countless tales of financial ruin and deceptive practices, the quest for legitimate help can seem daunting. However, not all is doom and gloom. In the world of debt relief, knowledge is power, and armed with the right
Turned Down for a Loan? Learn How Millions Are Becoming Lendable Again.
Obtaining a loan can be a pivotal moment for many, offering financial support for various aspirations, be it buying a home, starting a business, or consolidating debt. However, the bitter experience of being turned down can not only crush those dreams but also leave one bewilderingly questioning, “Why?” This post explores common pitfalls and actionable
How long does it take credit to recover from a vehicle repossession?
Seriously, how long will it take for my credit to recover from a repossession? Repossession of a vehicle is a legal process where a bank or other lender can regain possession of your vehicle. Vehicle repo laws differ state by state, but your vehicle purchase contract should include all the details regarding your state laws. After
Do You Know The Real Cost Of Debt?
There’s how much debt you have, and there’s the real cost of debt. Do you know the real cost of debt? Or, more specifically, do you know what it costs to be in debt? Most people can’t answer this question accurately. You may think you know how much your debt is costing you, but there’s
How do you stack up to the average credit card debt?
What is credit card debt? Americans have several different types of debt, beyond credit card debt, which includes mortgages, auto loans, and student loans. All are totaling up to an average debt per household of $132,529. Besides standard credit card debt, like an everyday credit card, consumer finance accounts also fall under this umbrella of
What Does it Really Mean to Be Debt Free?
Being debt free doesn’t always mean having no debt. For most of us, debt is inescapable. It’s the sole reason why we can move into the house of our dreams, or rev up the operations of our own business. However, debt is often an angel in disguise; it can provide us a better way of
Americans Have Credit Card Debt. A Lot of It.
American’s Average Credit Card Debt: How Do You Measure Up? Despite minor growth in household income levels over the past few years, Americans are still largely burdened by consumer debt. This is by and large due to student loans, mortgage and of course, credit card debt. According to the Wall Street Journal, the total credit
Debt and Retirement: How high-interest debt affects your well deserved time off.
How does debt fit into your retirement plans? Regardless where you live or what work you engage in, you always have a plan to successfully retire with the means to satisfy your needs and wants. Perhaps go on a tour across Europe or Africa, or spend time on a cruise ship voyaging across the Pacific
Store Credit Card: Worth the Rewards or a Path to Debt?
Store Credit Cards Account For Over $90 billion of Consumer Debt. You’re heading toward the cash counter, holding a few items you’ve picked out. You’re taking your wallet out to pay for your purchases when you hear the question you’ve heard a number of times before – ‘Do you have a store credit card?’ –
Making minimum payments on your credit card is like treading water.
The Real Cost of Making Minimum Payments on Your Credit Cards Most consumer operate within a fixed budget based on their income. A credit card can easily give you a false sense of security, emboldening you to spend when you should be saving. A creditor is dependent on you making payments to your credit card,
Worried about taxes on your settled debt? You may not need to.
In this article from Creditcards.com – a little known tax exemption is discussed. This exemption is for people that have had debt cancelled, or settled. The IRS considers this cancelled debt “income” for the consumer, and requires you to pay taxes on it. What most consumers don’t know is that insolvency qualifies you for exemption.
Handling Finances Through Life Changes.
Change is good, except when it’s not. Life is full of uncertainty and change is inevitable. But in most cases, the human brain tends to crave certainty and consistency. This is why we experience physical and emotional stress when faced with a major life change, especially when it concerns finances. When a life change occurs
