Debt

Debt consolidation is a common method of refinancing that involves paying off high-interest debt with a new lower-interest loan.

Not having access to cash when you need it is stressful and inconvenient. A cash advance is a short-term cash loan made against an existing line of credit. An advance allows you to use your credit card to get cash from an ATM or bank. Just like any credit used on a credit card, a […]

A personal line of credit is very similar to a credit card. A lender will check your credit score, verify your income and issue you a credit line for a certain amount. With a line of credit, you can access the funds when you need them as long as you have an available balance.

Consumer credit, also known as consumer debt, is any type of personal loan that is used by a consumer to pay for goods and services. If you need to buy a car, purchase a home, attend school, make a home improvement, or meet some other large expense you may consider taking on consumer credit debt.

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 […]

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 […]

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 […]

“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 […]

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 […]

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.