What Are Your Debt Relief Options?
Consumers looking to get out of debt have several options. In fact, the wide range of services can be overwhelming if you’re not sure what you need. And some products and services that claim to relieve debt can cause additional harm to your credit and move you further away from your goals. To help clear […]Read More
Busting the Myths About Credit Repair
When it comes to getting out of debt and achieving financial freedom, there are a lot of myths surrounding the many ways to accomplish that. Credit repair is one those methods that many people misunderstand. Keep reading to separate the facts from the myths about credit repair. Myth: Credit repair works to improve […]Read More
7 Common Habits of Debt-Free People
If you’ve ever looked at a debt-free friend or family member and wondered what their secret was, you might be surprised to know there isn’t one. In fact, most debt-free people share a common set of habits that help them achieve and maintain their financial freedom. Let’s take a look at seven habits of debt-free […]Read More
What is a Charge-Off & How Does it Affect Credit?
Of the many things that can affect a consumer’s credit report and score, having one or more accounts showing as “charged off“ is among the most harmful. Consumers with charge offs on their credit report will have difficulty obtaining any new credit. And what credit they are able to acquire will come with exorbitant interest […]Read More
Understanding the Consequences of Bankruptcy
For some consumers, declaring bankruptcy can provide relief from seemingly insurmountable debt. But the decision to declare bankruptcy should not be taken lightly. It is a legal process with specific rules and requirements. And in some cases it creates more financial challenges than it solves. Of course, if you are considering bankruptcy as an option, […]Read More
Considering Credit Repair? Here’s What You Need to Know.
Credit repair is one of many financial services designed to help consumers improve their credit. The process involves hiring a company to dispute negative or incorrect entries on your credit report. It sounds simple, but it’s not always a straightforward process. Before choosing credit repair, there are some important details you should understand. Considering credit […]Read More
5 Questions to Ask Yourself Before Declaring Bankruptcy
People who experience overwhelming financial hardship may consider declaring bankruptcy. It’s a viable option for many who have undergone a significant illness and the accompanying medical bills, long-term unemployment, or for whom credit card debt has become unmanageable. However, it’s not always the financial clean slate that people may be expecting. Bankruptcy should be the […]Read More
Discover the Benefits of Online Credit Counseling
When you’re struggling with high levels of credit card debt, it can feel like your only option is to keep paying as much as you can each month and wait for the debt to someday go away. But paying minimum payments on multiple credit cards can feel like running on a hamster wheel: you’re working […]Read More
Lessons to Learn from Financial Setbacks
We all do our best to avoid them, but financial setbacks are an unfortunate fact of life. They can be events on a national scale, like the 2008 housing crisis, or something more personal such as job loss, major illness or excessive credit card debt. And they can strike at any time, even if you’ve […]Read More
Debt Settlement vs. Debt Management—What’s the Difference
Dealing with high levels of credit card debt can be stressful and overwhelming. Simply making minimum payments on multiple accounts every month means paying off that debt for years to come. Fortunately, there are options that can help borrowers get out of debt more quickly. But not all options have a positive effect on consumers’ […]Read More