Planning to consolidate your debt? You might be worried about what consolidation could do to your credit score. It’s common for many people to see their credit scores decline when they consolidate debt, at least in the beginning. As you pay down debt and reduce spending, you’ll probably see your score begin to climb.Continue reading
Unfortunately, there are plenty of ways to find yourself in over your head with debt. Unexpected car repairs, large medical bills, or losing your job can quickly affect your financial well-being.Continue reading
Dealing with debt, and trying to figure out how to pay it off, is difficult. Many people who have debt aren’t sure of their options for reducing or eliminating it. Having multiple debts can make managing payments, accounts, and bills even more difficult.Continue reading
Multiple debts lead to multiple accounts, interest rates, and payment due dates. Managing multiple debts can be difficult enough without the added stress of late or missed payments. If you feel like you’re drowning in debt, it may be time to consider debt consolidation.Continue reading
When you’re facing a large amount of debt, it can feel like you don’t have many options. Due dates are fast approaching and you may even be getting collection calls that make it clear you need to repay your debt now. If you don’t have the money to pay right away, you may feel you’ve been backed into a corner.Continue reading
Almost everyone out there has some experience with a credit card. Unfortunately, some of us have been sucked into credit card companies’ business models of deception, luring customers into paying high interest rates and late fees. But while interest rates and late fees are key revenue sources for credit card companies, by and large, they’re not exactly predatory practices.
Summer isn’t for saving; it’s the season for spending. At least, that’s the message that many Americans relay when banks trot out their annual spending surveys.