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 a debt crisis. Now, there’s nothing wrong with having a credit card, per se. The actual problem with unsecured debts like credit cards is the soaring-high interest rates that come …
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 bills this year, the answer is likely affirmative. Thankfully, there are debt resolution programs that can help. Yet, you need to know what you’re getting into, first. Before you contact …
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 options to help you take care of the money you owe. Read on to learn about five resources available to you to help you manage your debt. Help With Debt Your …
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 by. Loans and credit cards are needed to go to college, drive to work, and keep the lights on at home. The average American has over $6,000 in credit card debt. On …
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 unsecured debt has grown exponentially. Now, people are turning to personal loans to cover myriad expenses, from home projects to vacations. They’re also using them to help fund their other …
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 afraid to look at your credit card or student loan statements because you don’t want to know how high that balance is. Now raise your hand if you feel like …
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 more favorable terms, these loans can help you get back on your feet and achieve financial stability. However, they aren’t given out blindly. Lenders will look at various factors to …
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 the money you owe, sky-high interest rates, and a sinking credit score, it might seem as though you’re destined to be in the red forever. However, there are plenty of …
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 has roughly $38,000 in debt. This figure excludes home mortgages. Shouldering high levels of debt is has a number of negative effects. It reduces or eradicates one’s ability to save, can …
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 your mental well-being. Worrying about taking care of debt, especially a huge amount, can easily consume you. This, in turn, may significantly impact your life. Do you have debt and …
*Debthunch offers some of the smartest debt consolidation, payment consolidation and debt resolution solutions available through its nationwide network of top rated financial services partners and diverse financial products. Debt Consolidation Loans: Lending partners we match you with may not be able to extend credit if after your application they determine that you do not meet the criteria required to be approved for a debt consolidation loan. Financing approval is subject to a variety of factors including, but not limited to, age, credit history, acceptable income, debt-to-income ratio and collateral. Annual Percentage Rate (APR) and payment terms may be determined based on the above factors. Debt consolidation loans are not offered in all states. Debt consolidation loan interest rates range from 6.99%-35.99% APR and loan terms range from 12-84 months. Payment Consolidation and Debt Resolution: There are no upfront fees charged by Debthunch partners for payment consolidation and debt resolution services. Use of said services historically reduces outstanding debt balances by 50% of what is owed to creditors before fees and 65%-75% including fees for those who make all payments and complete the entire payment consolidation and debt resolution process. Fees usually range between 15-25% of the qualified debt balances selected for said services and are only charged by Debthunch partners after payment consolidation and debt resolution services have been completed. Fees are deferred with a zero interest extension of credit until said services are completed. Displayed percentages are estimates based on historical results for Debthunch partners and are to be used for illustrative and comparative purposes and do not represent a guarantee or that your results will match those displayed. Use of said services may have an initial adverse impact to credit rating, which may be followed by a rebound and favorable impact to credit rating as qualified debt balances are paid off to lenders. Debthunch partners providing said services do not assume debts, make payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Use of said services may result in collections or lawsuits by creditors or collectors and may increase outstanding balances due to the accrual of fees and interest during the debt resolution process. Debt amounts forgiven by creditors as a result of using said services may be subject to income tax. However, all accrued fees and interest are resolved when the debt resolution process is completed. Payment consolidation and debt resolution services are not available in all states and fees may vary by state. Read and understand all agreements and documentation prior to contracting with Debthunch partners for said services.
