How To Avoid Debt: 6 Tips
September 21, 2023
There are situations where debt is best to be avoided. Credit card debt for example, can lead to sky-high interest charges and lower credit scores when you can only afford to pay the minimum monthly payment. A car loan with a monthly payment that is unaffordable in your budget can put you at risk of…
Why Are Americans Drowning In Credit Card Debt?
September 6, 2023
Credit card companies are extremely good at marketing and because of this the use of credit cards have become a norm and a way of life for everyone. Many Americans can say that they use their credit cards on a daily basis. According to experts, the large amount of Americans buried in credit card debt…
3 Benefits Of Settling Debt
August 29, 2023
Debt settlement is a financial strategy that has gained attention in recent years. This form of debt relief offers individuals who are overwhelmed by debt an alternative approach to regain control of their finances. Debt settlement involves negotiating with creditors to reach a mutually agreeable settlement, usually for a significantly reduced amount than what is…
Debt Consolidation: The Pros and Cons
August 23, 2023
It can be difficult to keep track of payments and balances on outstanding debts. Consolidating these debts into a single loan may simplify your finances, but the strategy of debt consolidation most likely won’t fix your underlying financial challenges. For that reason, it’s important to understand the pros and cons of debt consolidation before committing…
How To Settle Debt With Bank Of America
August 14, 2023
Owing a debt to any lender is never an ideal situation to be in. The issue can escalate quickly if you cannot stick to your agreed upon payments with the creditor. If you owe money to a creditor such as Bank of America, and have fallen behind on payments it is in your best interest…