Category: Debt

Understanding how to pay off debt has never been more important. Contents Understanding Debt In 2022, American household debt increased to $16.9 trillion, a rise of $2.75 trillion since 2019. Consumer debt includes everything from credit cards and overdrafts to mortgages, student loans and car loans. Considering a mortgage or student loan as investments, you invest…

Wondering How Paying Off Your Student Loans Will Help Your Credit Score? Are you struggling with Student Debt in America? Paying off your student loans will help your credit score; however, depending on several factors like the amount owed and repayment frequency, they could affect it differently. Revolving vs Installment Loans Selecting the appropriate form…

How Much Credit Card Debt Is Too Much? Credit card debt can be a major burden for many people, but luckily there are steps you can take to reduce your debt as well as prevent future debt. To avoid increased financial stress and hardship, it is critical to have a solid understanding of when your credit…

What is the Average American Credit Card Debt? Find Out How You Measure Up Virtually every American adult has struggled to manage credit card debt before. With many people facing debt well into the thousands, it’s more important than ever to know how to measure up with other Americans and tackle your credit card debt…

Always consult a licensed and qualified attorney to seek specific advice for your individual needs. This article is intended to provide general info, and should not be relied on in lieu of seeking legal advice Paying off credit card debt can become overwhelming and, over time, become an unbearable burden with no end in sight.…

Whether you’re struggling with credit card debt, student loans, or other debts that are simply too much to manage, debt consolidation is one of the many tools at your disposal that can help make a mountain of debt seem scalable. Debt consolidation isn’t for everyone, though. To help you decide if a debt consolidation loan…

Pro Tip: Always consult an attorney if you have specific legal questions or better want to understand your legal rights. This article is intended to provide general information and should not be relied on in place of speaking with an attorney. Once you’re facing credit card debt, it can be incredibly challenging to repay what…

Credit cards have largely become a fact of life. With over 80% of American adults owning one, and the average American owning more than three of them, these little plastic cards are the prime way we purchase goods and pay bills in the USA. Credit card companies have offered customers countless incentives to continue using these cards,…

Debt consolidation can be tricky. You may be hesitant to seek a solution due to concerns that consolidating your debt will negatively affect your credit score. Fortunately, there are debt consolidation options that won’t hurt your credit score. By understanding how consolidating debt works, you can make the best decision for your financial situation. Our…