If you are in debt, you may be constantly receiving calls from creditors and third-party collection agencies. You are no alone in this. According to the Financial Protection Bureau, roughly 28% of people with a credit history are in debt, and these debts have already been reported to a third-party collection agency. Around 9% already … Read more
Your credit score is a vital cog in the wheel of financial stability. Not only does it define your creditworthiness, but it also plays an important role in making a deal with your next lender. While it is a well-known fact that defaulting on credit payments leads to a deterioration of your credit score, there … Read more
Debt is a huge problem for many of us. The latest Federal Reserve Data puts the cumulative credit card debt in the US at $986 billion by the end of 2022. But credit cards aren’t the only debt Americans face every day, with mortgage debt now at $11.92 trillion, auto loan debt at $1.55 trillion, and student loan … Read more
Credit cards are pretty much how we survive today. It’s pretty hard to find anyone who doesn’t use one at least once a day. Hence, the reason why credit cards are referred to as the ‘cornerstone of the American economy’ in most financial corridors. A country’s economy is highly dependent on its citizen’s ability to … Read more
With all the shopping we invariably indulge ourselves in during the festive season, holiday credit card debt quickly piles up. From buying presents to splurging on holiday activities, our budgets are often forgotten. Though a new year brings new beginnings, it may also bring a hefty credit card bill. In such cases, it is important … Read more
One of the dangers of our economy is that everyone has some debt on them today. Credit has become one of the cornerstones of most economies in the world today. For example, the United States economy is highly built on credit cards. Most people hold at least one, and if you do, you likely have … Read more
We are often made to believe that it is extremely difficult to eliminate credit card debt. This is especially true when that debt has piled up for a long time, ballooning into a staggering sum. Well, the truth is that it is not all that difficult to eliminate credit card debt. As long as the … Read more
If you are struggling to recover from your credit card debt, you are not alone. There are millions of other people just like you who are struggling with the same problem. When you’re trying to pull yourself out of your debt, it’s best to focus on your problems and change them. Luckily, there are some … Read more