How to Fix a Negative Bank Account Balance and Avoid Overdraft Trouble
Having a negative balance can put you in a state of panic. But that really is just part of life; in fact, it happens more often than everyone thinks. According to research from the Consumer Financial Protection Bureau (CFPB), about 30% of Americans overdraft their accounts every year, which costs them billions in overdraft fees […]
Can a Personal Loan for Debt Consolidation Improve Your Financial Health?
Debt consolidation refers to taking out a new loan in order to pay an older one. Let’s say you’ve taken out a loan to purchase a home or a car, and you’ve fallen on hard times—perhaps due to illness, job loss, or other financial setbacks. A debt consolidation gives you the opportunity to streamline your […]
Key Questions to Ask Before Taking a Personal Loan for Debt Consolidation
Debt can get out of hand in quick time-and many people end up having to find ways to make repayment easier, as well as save themselves from high-interest costs. Debt consolidation via personal loans is a popular solution, but it’s not for everyone. Before you leap, you should evaluate the possibilities and find any differences […]
How Long Does Debt Stay on Your Credit Report? Timelines and Impact Explained
Debt is a significant burden that can hurt your financial stability but most of all impact your credit report. Before getting any sort of debt whether personal or secured debt, you first need to research how it will affect your credit report and how it will reflect on your credit history. If your credit report […]
What Is High-Interest Debt and How to Pay It Down Faster?
High-interest debt carries a bad reputation, and it’s well deserved. Debt with a high-interest rate is among the most costly types for borrowers. The longer it’s left unpaid, the more it grows due to daily compounding. For example, a credit card balance of $5,000 at a 20% interest rate could add nearly $1,000 in interest […]
How Can I Become Debt-Free?
We know the struggles of finding oneself in financial hardships. If you’re stuck in a way that you’re unsuccessful in paying off your bills or have a struggling credit score, let’s make sure your life doesn’t become more of a struggle. In this article, we are going to help you understand how to get debt […]
Credit Counseling 101: Everything You Need to Know to Regain Financial Freedom
Managing debt in the current economic situation is a very daunting task. For most people, credit counseling may help them out of this morass by giving them an option to bring their financial life on track without sinking into an even greater hole. The question remains: What actually is credit counseling and how does it […]
Credit Card Debt Relief: The viable Solutions To Minimise Your Debt
Coping with credit card debts can be challenging. Like most of your fellow Americans, you would feel like you are trapped in a rat race without a finish line. In the United States, total credit card debts are above 1 trillion U.S. dollars. The interest rate is also surging with each passing day. Most families […]
How a Financial Advisor Can Help You Conquer Debt and Simplify Your Finances
Feeling overwhelmed by your debts? You’re not alone and can manage your financial issues without too much stress. If you’re planning to get out of debt or consolidate multiple loans, a financial advisor for debt can undertake the burden of debts and the stresses that come with them. This article will focus on how a […]
The Complete Guide to Debt Management Plans (DMPs) for Financial Freedom
Managing debt can be more difficult than taking it in the first place. Most people suffer from depressive episodes just because of the fear of paying off the debts. As per the latest research from American Psychological Association (APA), 72% of people in the US are stressed about financial burden at least some of the […]
Debt Consolidation vs Bankruptcy – Which is a Better Option for Your Financial Future?
Are you aware that millions of United States citizens are dealing with some form of debt, particularly when it comes to personal loans? These debts range widely from student loans to credit card balances. A recent study revealed that the average individual credit card debt is an astounding $8,000 per person, according to the Federal […]
How to Negotiate Credit Card Debt: A Step-by-Step Guide to Settling and Saving Big
Dealing with credit card debt is an intimidating challenge, especially when you see that the interest continues to accumulate, growing with the balance. But you don’t have to walk this road alone. It’s a journey many others have taken to recapture lost financial freedom without declaring bankruptcy or other drastic measures. In this guide, we […]