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 …
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 debt payments can be seriously discouraging. Maybe you’ve tried to make extra payments on your debts but just aren’t seeing any movement. When it comes to getting out of debt, …
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 American students are turning their down their first choice for college due to the rising costs. A growing number of Americans are turning to student loans to help pay for …
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, there is good debt that can actually grow in value and generate long-term benefits. When you’re considering taking out a loan or buying on credit, the most important distinction to make …
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 so, the costs can seem overwhelming. In-state public colleges cost an average of $10,116 per year to attend, while private institutions cost around $36,801 per year. Regardless of your financial standing, that’s far …
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 joining their ranks? If so, you’ll have plenty of options to choose from. Today, there are more ways than ever before to gain access to the funds you need to …
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 be confusing. Knowing what type of loan you need, where to apply, and how much to borrow is a challenge. Knowing how to get the most benefit out of your …
*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.
