Personal Loan vs. Personal Line of Credit: Know The Difference
March 9, 2023
When life throws unexpected expenses at us, such as a home renovation, a wedding, or even a funeral, many people opt to use credit over cash. Credit is especially useful when an expense sneaks up on us and we don’t have enough in our emergency funding to cover the cost of the expense. A personal…
Car Repossession: What About The Outstanding Loan Balance?
March 4, 2023
Falling behind on car payments can feel overwhelming, and the thought of losing your vehicle only adds to the financial strain. A car isn’t just a mode of transportation, it’s what gets you to work, helps you run errands, and keeps life moving. If you’re in a difficult financial situation, it’s understandable to feel uncertain about…
What Happens If You Don’t Pay Medical Bills?
March 3, 2023
Americans are estimated to collectively owe as much as $140 billion in outstanding medical debt. 1 in every 3 U.S. adults have at least one unpaid healthcare bill. Statistics show that households with children are more likely than those without children to have unpaid medical bills. Medical bills are the nation’s largest source of collections…
Biden Student Loan Forgiveness Update: What About Private Student Loans?
March 1, 2023
President Biden proposed a plan to erase millions of dollars in student loan debt. Millions of student loan borrowers are currently waiting for the approval of student loan forgiveness. President Joe Biden announced that he intended to forgive up to $20,000 in student loan debt per borrower under an income threshold. Unfortunately, court battles have…
How To Negotiate Student Loan Settlement
February 27, 2023
Although it was the plan to forgive student debt, many people still have a balance due. With the cost of living on the rise, many may find it hard to find the extra income to pay back their student loan. The expenses of daily living, such as mortgage or rent payments, utility bills, and auto…