Debthunch Blog
What Credit Card Companies Don’t Want You to Know in 2025
Credit card companies are very good at one thing: keeping you in debt. In 2025, with rising interest rates, record inflation, and economic instability from
Klarna’s Rising Losses and What It Means for American Consumers
In the latest sign of rising financial strain, Klarna—one of the world’s largest “buy now, pay later” (BNPL) services—has reported a net loss of $99
Is the Cost of Living Forcing You Into Credit Card Debt?
If it feels like your paycheck doesn’t go as far as it used to, you’re not imagining things. In 2025, the cost of living has
Why So Many Americans Are Drowning in Debt in 2025 (And What You Can Do About It)
In 2025, debt is no longer just a financial burden—it’s a national crisis. Millions of Americans are feeling the squeeze from every direction. Grocery bills
5 Ways to Improve Your Credit Score to Get a Debt Consolidation Loan
The bills were piling up and you realized that your debt obligations were getting too high to bear. So, you made a smart move and
Should I Consolidate My Student Loan? Here’s What You Should Know
The coronavirus pandemic has only made the nation’s student loan crisis worse. Students and graduates alike are facing an employment shortage. Every week since March,
6 Reasons Why Your Debt Consolidation Loan May Get Rejected
If you’re saddled with too much debt, a consolidation loan may seem like a way out. But lenders are picky when it comes to giving out
How Do Personal Loans Affect Your Credit Score
Did you know that there are 20.2 million people that have taken out a personal loan in 2020? With the average size of a personal loan being $6,382,
How to Deal with Debt During COVID-19
In 2019, consumer debt in the U.S. was around $14 trillion. Since the beginning of 2020, in addition to trying to eliminate any exposure to COVID-19,
Pros vs. Cons of Applying for Private Student Loans: A Comparative Guide
So you just got accepted to college? Congratulations! With the flood of excitement about going to school, you’re probably also concerned about how to pay
6 Things You Should Consider Before Applying for Business Loans
Did you know that the Burea of Labor Statistics discovered that the failure rate for small businesses across the majority of industries is 20% in their
8 Tips on Resolving U.S. Credit Card Debt
Getting into credit card debt is easy. Paying it off is another story. If you find yourself carrying more debt than you should, you aren’t
7 Tips for Taking Out a Loan With No or Bad Credit
Any time you’re taking out a loan, numbers matter. This includes your credit score. If yours is sub-par or non-existent, talking to lenders might seem like
What Can You Do When Paying Your Outstanding Debts is Impossible?
At first, tackling your debt seemed somewhat manageable. You eliminated discretionary spending habits, created a budget, and started prioritizing your savings account. You might have even taken
What’s the Best Way to Pay Off Multiple Credit Cards?
According to reports, the average American has up to four credit cards. Juggling multiple cards can easily cause one to max out one’s limits. Which is why it’s
Medical Debt Help: A Complete Guide on How to Pay off Medical Bills
If you’ve ever had a medical procedure, whether it was an emergency or planned, you already know it’s expensive. The average American spends over $7,000 a year
Go for It or Not: Should You Consolidate Student Loans?
According to research, nearly 70% of college students take out loans to fund their education. Then, they graduate with an average debt balance of around $30,000. In some
Yes or No: Can You Consolidate Debt Into a Home Loan?
Did you know that credit card debt in the United States crossed the $1 trillion mark in 2019? As far as total debt amounts go, Americans are officially dealing with
How to Prepare for Debt Resolution
Has a little piece of plastic landed you in a big struggle? If you’re one of the roughly 67 million Americans who can’t pay their credit card
Bankruptcy 101: When Is It Time to Declare Bankruptcy?
The weight of debt can feel crushing. If you’re feeling overwhelmed by your financial obligations, you’re likely weighing all of your options to determine the
Need Help With Debt? 5 Resources You Can Use Today
If you think you’re alone in needing help with debt, you aren’t. Almost 300 million Americans suffer financially from debt. Fortunately for you, there are
COVID-19 Fears: How to Find Debt Assistance
he United States was already in the midst of a personal debt crisis. Then, the coronavirus pandemic swept the country and flooded the economy. Now,
Debt Restructuring: How Do I Know It’s Been Done Right?
The average American is swimming in debt. For businesses, debt is an acceptable way to expand operations. Individuals are taking on debt just to get
True or False: Is It Smart to Get a Personal Loan to Consolidate Debt?
More than 20 million Americans have taken out personal loans, carrying an average balance of more than $16,000. In recent years, the popularity of this type of
The Truth About Why Americans Have Too Much Debt
Raise your hand if you have more than four credit cards, a car payment, and mortgage, and student loans. Keep your hand up if you’re
What to Do If You’ve Been Denied Consolidation Loans for Bad Credit
When you’re overwhelmed by multiple forms of debt, a consolidation loan can offer much-needed assistance Designed to roll your myriad obligations into a single monthly payment with
How to Get Your Debt Paid Off the Smart Way
Are you one of the millions of Americans struggling to pay off debt? If so, it can feel like an impossible mountain to climb. Between
Understanding the Process to Achieve Zero Debts
If you are burdened by debt, you’re not alone. Household debt has been rising unstoppably for more than 19 quarters. The average household in the US now
Debt and Depression: What You Should Know About Debt and Mental Health
The average American has $38,000 in personal debt. Whether you have student loans or a mortgage to pay off, it can have a tremendous impact on
Student Loan Survival! How Do Student Loans Work During COVID-19?
efore the coronavirus pandemic put down roots in the United States, student loans were inflicting financial damage. The American people are swimming in student loan
5 Spectacular Ways to Consolidate Your Credit Card Debt
Consumer debt as of the end of 2019 was $14 trillion. That was before coronavirus and the current growing number of people filing for unemployment. Currently,
5 Tips For Defeating Tax Debt
Published research shows that IRS communication gives 47% Americans severe anxiety, and almost a third worry over audits, even though 65% of surveyed taxpayers are confident their returns are issue-free. In short,
A Step-By-Step Guide to the Credit Card Debt Consolidation Process
According to statistics, over 60% of American households hold credit cards, with the average debt being $6,194. While not ideal, credit card debt of $6,194 might not
5 Creative Ways to Reduce Your Credit Card Interest Rate
Are you struggling each month to pay credit card bills that carry outrageous interest rates? It can feel as if you’ll never pay off your
The Advantages and Disadvantages of Debt Consolidation You Should Know
Debt in the U.S. at this point is almost unavoidable. With consumer debt topping $14 trillion, it’s more likely than not that you’re burdened by a piece
Dealing With Debt and Unemployment! How to Get out of Debt With No Job
Sources estimate that there are currently more unemployed Americans than ever before in history. At the same time, research shows that the average personal debt is $90,460. Unemployment can be
Top 6 Important Things to Know Before You Take out a Loan
According to statistics from the Chamber of Commerce, personal loans are becoming more popular than ever before, growing by 19.2% in the first quarter of 2019
5 Hacks to Get out of Credit Card Debt Fast
The American people are falling deeper into debt. The United States total credit card debt now exceeds $1 trillion. While credit card debt ranks below mortgages,
How to Consolidate Your Credit Card Debt in 2020
Credit cards offer great financial opportunities and rewards given they’re used as intended. Unfortunately, sometimes relying on credit cards become your only financial option. This, then,
5 Secrets to Achieving Financial Stability
Is 2020 the year you regain your financial footing? While it might seem like an impossible mountain to scale, the reality is that becoming financially
Debt-To-Income Ratio: Tips on How to Get a Good Debt-To-Income Ratio
Are you saddled with a high debt to income ratio? If so, this could hurt your financial future. For one, high debt to income ratios can make
7 Ways to Reduce or Eliminate Your Debt
American households have a record $14 million dollars in debt. This includes debt from credit cards, mortgages, student loans, and other sources. This number keeps going up.
Why Do I Need a Budget? Here Are 6 Benefits of Budgeting
When most people hear the word budget, they groan. That’s understandable as many people think of being on a budget as some sort of punishment. The
Debt Consolidation: A Guide on How Debt Consolidation Works
For many Americans, high debt is becoming the new normal. The average American holds more than $137,000 in debt. This includes all forms of debt including mortgages,
Personal Loans Guide: Tips on How Personal Loans Work
29% of Americans have more credit card debt than they do emergency savings. Given the current financial situation in the United States, this number is only
What Is Personal Finance? 7 Important Personal Finance Principles You Need to Know
Many people put off getting their finances in order, but the sooner you begin the process, the better. Now is the time to create goals for
Eye-Opening Ways to Find out Whether Your Debt Is Getting out of Hand
Credit cards have their place in American life, but on an individual basis, it’s easy to let debt get out of control. If you are
Debt and Credit Consolidation Mistakes You Need to Avoid at All Costs
Feeling overwhelmed and consumed by debt? If so, debt and credit consolidation programs can help. These combine all of your individual loans into one new loan (often with a
4 Strategies That Will Help You Consolidate Medical Bills Like a Pro
According to reports, 32% of Americans hold medical debts, and more than half have defaulted on it. This is not all too surprising, considering that Americans pay roughly
A Practical Guide to Getting out of Debt: Creative Ways to Pay off Debt for Good
55% of Americans with credit cards have debt. With the cost of credit, it can seem nearly impossible to get out of debt. Juggling multiple monthly
Federal vs Private Student Loans: Which Should I Apply for and Why?
Another year passes and student tuition is still on the rise. In the period from 2008 to 2020, tuition increased by nearly 65%. Unfortunately, 40% of
7 Things You Should Know About a Personal Line of Credit
If you are looking to take out a personal line of credit, 2020 seems to be the year to do it. With the Fed dropping interest rates
What Are the Main Differences Between Good Debt and Bad Debt?
The word “debt” can make your stomach sink and your mind race. However, for all its negative connotations, not all debt is bad. In fact,
Get Ready for College or University by Applying for a Student Loan
In the 2019-20 academic year, an estimated 3.9 million students graduated from college in the United States. Are you preparing to begin your own collegiate this fall? If
The 7 Types of Business Loans Available on the Market Today
According to the Federal Reserve, nearly 60% of business owners apply for financing support to help them get their new venture off the ground. Are you considering
5 Top Personal Loans Requirements You Didn’t Know
The total outstanding personal loan debt has skyrocketed to $115 billion. This is attributed to the more than 20 million Americans who are currently paying on
7 Amazing Tips to Consider When Applying For Student Loans
Getting a college education is expensive. If you’re like most college students, you’ll need financial assistance at some point. Applying for a student loan can
7 Advantages and Disadvantages of Applying for a Business Loan
According to insights, 29% of business failures are due to a lack of sufficient capital. This is also the second most common reason businesses go under. If
How to Deal With a Debt Collector and Maintain a Good Image for Your Business
It’s happened. You are busy with a client and a debt collections agent is suddenly on the line. Embarrassing though this may be, you are
7 Things You Should Include in Your Medical Bill Payment Plan
Research reveals that 79 million Americans have debt problems that are directly related to their medical bills. Does this include you? If so, there are steps you
6 Tips on How to Get Medical Debt Resolution
Medical debt is hitting ordinary Americans hard. Many people cannot afford their co-pays or coinsurance. Throw in a major surgical procedure and the average person
6 Key Strategies to Manage Your Business Loans Smoothly
Statistics from a recent Federal Reserve survey state that 43% of small businesses applied for loans in 2019 alone. It is often said that you have got to have
7 Things You Should Know Before Taking Credit Card Loans
Research from 2019 revealed that 70% of people with credit card debt couldn’t pay it off by the end of the year. While credit cards can be
5 Tools, Resources and Tips to Help You Reduce Your Student Debt
Statistics show that student debt is the highest its ever been, reaching over $1.4 trillion, with the average graduate holding over $29,000 in debt. Other findings reveal that
Is Debt Consolidation The Key To Financial Responsibility?
According to survey results, 59% of Americans live paycheck to paycheck. Other stats show that this number might be even higher, as much as 74%. What’s more,
Why The First Step In The Financial Planning Process Should Be Paying Off High Interest Debt
Slow and steady might win the race, but does this apply to the financial planning process? If you’re feeling overwhelmed by debt, you’ve likely seen plenty of
How To Work With Debt Collectors And Reduce Your Debt
Is your debt causing you to lose sleep at night? If you’re feeling overwhelmed by how much you owe, there are many different kinds of debt
Dealing With Debt Collectors: How Debt Consolidation Helps
In 2017 alone, 70 million Americans had to deal with debt collectors. Debt collectors also estimate contacting consumers more than 1 billion times per year. If you have
Do You Have Too Much Debt? A Guide to Debt Resolution
According to reports, the average American has round about $38,000 in personal debt. Is this a lot? Or is it manageable? How much debt is too much?
Know Your Options: What to Do When You Can’t Clear Your Medical Debt
Do you need help paying hospital bills? If so, you are not alone. Poll results from the Kaiser Family Foundation reveal that roughly a quarter of American
Pay off That Debt: 7 Effective Tools and Tips to Help You
Are you up to your eyeballs in interest payments, negative account balances, and credit card bills on the counter? When you’ve accumulated too much debt, the pressure
Do You Need A Business Debt Consolidation Loan?
According to reports, small to medium-sized enterprises and family businesses in the US owe a total of $5.5 trillion. Business debt has been skyrocketing, reaching
How Does Debt Consolidation Affect Your Credit Scores? Here’s What You Need to Know
The American public is swamped with credit card debt. The average person has nearly $6,200 in outstanding credit card debt. One of the problems with carrying credit
Why You Should Consolidate Credit Card Debt With Debthunch
Credit card debt in the US has been soaring, reaching over $1 trillion in 2019. The average household is estimated to carry approximately $8,398 in card
The National Debt Relief Program: An Insight into the Pros & Cons
With sky-high interest rates and substantial late fees, getting out of credit debt can feel like doggy-paddling in a sea of quicksand. Are you in
Debt Resolution Companies: What Do They Do and How Do They Work?
Americans now have more debt than ever. Do you have debts that are starting to become unmanageable? Is it starting to impact your health and livelihood? If so,
Is Debthunch Legit? Why Debthunch is The Best Debt Consolidation Company
When you feel like there is no end to your growing credit card and installment loan balances, easy promises from companies offering ways to help
How to Qualify for a Debt Consolidation Loan: A Step-by-Step Guide through the Process
Drowning in debt and looking for a way out? A debt consolidation loan can be the lifeboat you need, but are you ready to reach
Should You Refinance Your Private Student Loans?
Student loan debt continues to impact the American people. Each year, millions of young Americans enroll in college. To pay for tuition and lodging, many require
How to Use a Credit Card Wisely: 9 Helpful Tips
Money is an odd topic in the United States. We don’t have a lot of financial education taught in schools despite it being a huge
How to Become Debt Free: Should You Consolidate Your Debt?
What’s a question that 3 in 4 Americans are likely to ask themselves? How to become debt-free. Research shows that only 1 in 4 Americans are
Debt Validation 101: What Is it? How Does it Work?
You’re staring at your pile of bills, and something doesn’t look right. You crunch the numbers, do the math and they’re still not lining up.
Debt Consolidation 101: How to Make an Effective Debt Consolidation Plan
Did you know? About 75% of all Americans carry debt. In fact, that debt came in around $38,000 per household back in 2018. The amount owed is
How to Get a Debt Consolidation Loan for Bad Credit
According to reports, the average American has around $38,000 in debt to their name, excluding home mortgages. This level of debt can pose a significant financial strain on just
Debt Resolution: 5 Practical Solutions to Help You Clear Your Credit Card Debt
Research shows that the average cardholder is carrying nearly $8,500 in credit card debt. Do you fall into this statistic? If so, it can be easy to
The 7 Best Loan Consolidation Options of 2020
Right now, Americans hold more than a whopping $4 trillion in consumer debt. If you’re one of the many individuals dealing with this problem, it’s important to
How Long Does Debt Consolidation Affect Your Credit Score?
You’re so much more than a number. Yet, when your credit score is lower than it needs to be, it can feel like those digits define
The Pros and Cons of Debt Consolidation
The American people are drowning in debt. In fact, the average American has roughly $38,000 in personal debt. This alarming figure does not even include home mortgages.
7 Incredible Benefits of Debt Consolidation
Are you drowning in debt payments? Thankfully, there are myriad debt consolidation solutions designed to help you lower your interest rates and reduce your monthly obligations. Are
Guaranteed Debt Consolidation Loan: 10 Ways Tips to Get Approved
No one likes playing the waiting game. This is especially true when you’re drowning in credit card payments, late fees, and sky-high interest rates. When you
Debt Consolidation vs Bankruptcy: How to Know Which Is Best for You
According to a recent study, 80 percent of Americans hold debt. Lines of credit can allow us to do things that otherwise might not be possible—such as
How Does Debt Resolution Work?
Research shows that nearly 40 million Americans have been in debt for at least two years or more. Do you fall into this statistic? If so, it’s
5 Ways to Get Yourself out of Debt This Year
If you have a lot of debt hanging over your head right now, it might be making you feel hopeless. You’re not alone! According to
5 Steps To Getting A Debt Consolidation Loan With Bad Credit
You might be wondering how to get a debt consolidation loan, especially if your credit is already challenged. This step by step guide is here to help!
What Is A Debt Consolidation Loan, and Why Do I Need One?
If you’ve looked into options to get out of debt, you may have come across the idea of a ‘debt consolidation loan’. But what is a consolidation loan?
5 Reasons a Debt Consolidation Loan Might Be What’s Best for You
The average American has four credit cards in their wallet right now. They also have about $8,500 worth of credit card debt. In some cases,
5 Things Debt Consolidation Means To You
What does consolidation mean for my debt? This question hovers in your mind as you consider debt relief options. Luckily, this guide is here to help!
Here’s How Debt Consolidation Affects Your Credit
Have you felt the icy grip of credit card debt tightening around your finances? Do you feel like you’re drowning in the rising levels of
How Debt Consolidation Works (And Why You Need It)
The average credit card holder with revolving debt carries $6,849.00, costing over $1,000 a year in interest. Imagine how much money you could save if
Your Guide To Becoming Debt Free This Year
If you have a lot of debt hanging over your head right now, it might be making you feel hopeless. You’re not alone! According to
Debt Solutions: What You Need to Know About Debt Consolidation and More
Research shows that the average American currently has around $38,000 in personal debt, excluding home mortgages. When you owe that much money, it can feel
Legitimate Debt Consolidation Company: How to Find the Best Debt Consolidation Solutions
People may feel inundated by limitless debt consolidation solutions. Researching all viable options is important prior to finding a legitimate debt company.
An Accredited Debt Consolidation Company: How to Find the Best Consolidation Solutions through the Better Business Bureau
People may be hesitant to work with debt consolidation companies due to false claims on the internet. That’s why working with debt consolidation companies backed by the BBB can help ensure businesses are honest and trustworthy.
Credit & Debt Consolidation Scams: The Top Signs of a Debt Services Scam and How to Avoid Getting Swindled
Debt consolidation can be a great way to ease financial burdens by combining all debt into a single lump sum payment. We’ll show you how to do it while avoiding potential scams.
Does Debt Consolidation Hurt Your Credit Score?
Some people are hesitant to work with debt consolidation companies offering debt resolution because they think it will negatively impact credit. We’ll show you why that’s not the case long-term.
