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debt consolidation

What Credit Card Companies Don’t Want You to Know in 2025

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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 tariffs and layoffs, the last thing most Americans need is another financial trap. But that’s exactly what many credit card issuers are hoping you’ll fall into. Let’s pull back the

Klarna’s Rising Losses and What It Means for American Consumers

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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 million in Q1 of 2025, more than double its losses from the same period last year. Even more concerning: Klarna’s customer credit losses rose to $136 million, a sharp indicator

Is the Cost of Living Forcing You Into Credit Card Debt?

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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 reached record highs, and many Americans are turning to credit cards just to cover the basics. Between inflated grocery prices, skyrocketing rent, rising gas and utility costs, and stagnant wages,

Why So Many Americans Are Drowning in Debt in 2025 (And What You Can Do About It)

Stressed couple reviewing their finances.

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 are rising, rent is higher than ever, interest rates are climbing, and for many, wages just haven’t kept up. But what’s driving this debt wave, and more importantly, what can

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 decided to pursue a debt consolidation loan.  However, there’s one tiny thing getting in your way of securing the debt help you need. Actually, it’s three things: the numbers in your

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, over 1 million Americans have filed a jobless claim. It is unclear if these jobs will ever return under the cloud of a pandemic. The economy has contracted by nearly 33% and

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 these loans. Debt consolidation seems enticing because it allows you to lower your interest rate, boost your credit score, and make one easy payment on your debt. Although it sounds

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 for your degree. Did you know that in 2019, the average cost of tuition fees for private universities came to over $36,000? If you or your family doesn’t have the savings

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 first year? Have you been contemplating applying for business loans, but aren’t sure if it’s the best decision to make for your business?  If you’re looking to learn more about

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 alone. Dealing with monthly bills and life’s unexpected expenses make getting out of credit card debt seem like an impossible task. If you’re trying to reduce your U.S. credit card