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 of debt that needs a solid financial strategy to tackle. This is the point where debt consolidation comes in. If you’re dealing with substantial amounts of debt, having debt consolidation …
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 a very stressful time, and in most cases, the last thing you need is a boatload of debt payments to make. However, figuring out how to get out of debt …
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 alone. One of the reasons for this climb in popularity of the personal loan is that thanks to Fintech solutions, personal loans are now easier than ever to apply for. …
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, auto, and student loans, lenders view credit card debt as the worst of the group. You cannot build equity with a credit card like a home or vehicle. Student loans …
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, creates the cycle of credit card debt. The average American carries 4 credit cards. They also tend to carry close to $6k in credit card debt, too. Some can manage but for …
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. Living with debt doesn’t have to be your reality. Many Americans have successfully eliminated their debts and now have zero debts. Are you burdened with uncontrollable debt? Are you sick …
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, auto, and student loans. The current COVID-19 pandemic is placing more financial pressure on millions of American households. Those affected by the health crisis are turning to credit cards to …
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 questioning whether you’ve taken on too much debt, the answer is probably yes. Maxed out credit cards become a burden, rather than a convenience. Too much debt leaves you unable …
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 lower interest rate), making your monthly obligations that much more manageable. While resourceful tools, these programs can actually loosen your financial footing if you don’t handle them the right way. …
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 double the amount for health care services than Europeans. Medical debt can come out of nowhere and hit hard, even if you have health insurance. What’s more, medical events can often also …
