Category: All Things Debt

Getting out of debt is hard for everyone, but when you’re broke, it can feel impossible. Living from paycheck to paycheck is stressful. Add high-interest debt to the mix, and you’ll find yourself in a vicious cycle. Trying to pay off debt when you are broke can lead to missed bill payments, overdraft fees, poor credit and limited opportunities. 

Medical debt is almost always unexpected. Even if you have health insurance, it’s hard to predict how much treatments will cost and what your financial burden will be long-term. As a result, people with excessive medical debt have to make difficult decisions about paying for it. While it can be tempting to lean on credit, keeping medical debt off your credit cards is better for your long-term financial health. 

In these uncertain times, relief through debt settlement is an essential service. Unfortunately, the General Assembly of North Carolina is reviewing a bill that could make it illegal and remove a vital debt relief option during a time of increased need.

Bankruptcy promises freedom from your debt, but it comes at a high cost. The economic impact and stigma of a debt discharge can be long-lasting and take years to overcome. It’s possible to rebound from bankruptcy, but it requires patience and a solid strategy to rebuild your financial health. 

Perhaps you are considering a debt settlement program or could be in the process of completing one. You might be wondering what life will be like after you finally pay off all your enrolled debts. 

Data from our recently graduated clients shows that score recovery after debt settlement is possible and a natural part of the debt resolution process. 

Before taking on a debt of any kind, it’s a good idea to know whether it’s considered good debt or bad debt. Not all debt affects your financial health equally. Certain types are considered good debt while others are bad. 

Do you aspire to a debt-free lifestyle? These debt-free influencers did, but to get there, they had to adopt new habits and tackle their debt for good. In addition to sharing the amount and type they’ve overcome, they gave us their top tips for saving money and paying down student loans, credit card debt, personal loans and more.

Follow their stories and learn from their experiences so you too can conquer your debt and move toward a debt-free lifestyle.

Feeling defeated by 2020? Perhaps you are hoping that 2021 will bring you a brighter financial future. The symbolism of passing from one year to the next invites us to enact changes in our lives and can be a great opportunity to jump-start fresh goals. If ditching debt is something you’d like to address in the new year, consider following this advice.

Calls from your creditors may increase when you begin a debt settlement journey because they take notice when you change your payment habits. In most cases, it’s best to let unknown calls go to voicemail and block calls during debt settlement that may be related to your enrolled debt.