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Do You Have Too Much Debt? Calculate Debt-to-Income Ratio

Do You Have Too Much Debt? Calculate Debt-to-Income Ratio

Have debt? You’re not alone. 8 out of 10 Americans reported having some debt in 2020. Debt isn’t inherently bad, in fact, it can be a necessary tool to get an education. It can also help you build your credit and can be useful when you want to finance large purchases. However, the type and amount of your debt make a big difference in assessing your financial health. Complete this form to find your debt-to-income ratio and learn about your…

Is a Debt Consolidation Loan a Good Idea?

Is a Debt Consolidation Loan a Good Idea?

Debt consolidation loans allow you to refinance by taking on a new loan to pay off multiple debts. Consolidation combines numerous debt obligations into one monthly bill that streamlines the repayment process for credit cards, loans, and other bills. Loans are typically paid in monthly installments that include interest and fees accrued. They can be an effective way to resolve debt, but only if you meet specific criteria. Find out if debt consolidation is a good idea for you and…

6 Reasons You’re Stuck in Debt

6 Reasons You’re Stuck in Debt

Dealing with debt can be an incredibly scary and stressful experience, but it’s also a common struggle for many Americans. CNBC recently reported that the average American has $90,460 in overall debt, including credit cards, student debt, mortgages and personal loans. You might be asking yourself, “if debt is such a big problem, then why aren’t we all pulling ourselves up by our bootstraps and fixing it?” Unfortunately, getting back on track financially is often much easier said than done,…

Debt Payoff Worksheet: DIY ‘Get Out of Debt’ Formula

Debt Payoff Worksheet: DIY ‘Get Out of Debt’ Formula

Ending your relationship with debt is a journey that takes time, planning, and ultimately, a little bit of math. We created a debt payoff worksheet to help you gain a good understanding of your income, expenses, and how much money you can put toward your debt every month. Our worksheet enables you to crunch the numbers to choose a strategy that is right for your circumstances. 

Wedding Debt: Why It’s Not Worth It and How To Avoid It

Wedding Debt: Why It’s Not Worth It and How To Avoid It

For many couples, weddings are the biggest celebration they’ll plan in their lifetime. Between choosing the venue, bridal party, clothes, food, decorations, food and entertainment, it’s normal to feel excited and overwhelmed at the same time. Unfortunately, many couples also find themselves stressed and uncertain as they try to figure out how to foot the bill. While it’s tempting to rely on credit to pay for your big day, the resulting debt could start your marriage on the wrong foot….

What is Pay-for-Delete?

What is Pay-for-Delete?

“Pay-for-delete” is an unpredictable credit recovery practice and does not work 100% of the time. The process involves requesting the removal of a derogatory item from your credit report. It often involves paying a debt collector some or all of what is owed. People sometimes hire third parties who promise to work with debt collectors on your behalf. The strategy is risky and doesn’t always work in the consumer’s favor. 

5 Ways To Keep Medical Debt off Your Credit Cards

5 Ways To Keep Medical Debt off Your Credit Cards

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.