Blog: 2017

Credit card debt can be especially dangerous during the holiday season. For many people, it is far too easy to fall into a trap of swiping the credit card while doing your holiday shopping. One of the easiest ways to get ensnared in this financial trap is to rely on store credit cards for buying gifts for everyone on your list. If you are concerned with possibly amassing credit card debt this holiday season and into the New Year, use these five tips to your advantage.

Facing foreclosure can be a devastating experience, and certainly one you want to avoid at all cost. So what causes a family or an individual homeowner to lose a property in a foreclosure? Here's a look at some of those points to help clarify the foreclosure process.

For the third night in a row, you’re tossing and turning in bed. You can’t remember the last time you felt peaceful. Your mounting debt consumes your thoughts all day and night. If you can relate to this scenario, you might desperately desire a simple, effective solution. To find the financial freedom you’ve always dreamed about, consider the following tips.

Filing for bankruptcy allows you to get a fresh start when you can no longer pay your debts. For this, either flexible repayment plans can be made or your assets can be liquidated altogether. To navigate the legal labyrinth involved, however, you need to hire a competent bankruptcy lawyer.

Being in debt is like being in any other unfavorable situation. It starts with denial. Then, a wave of anger and feeling overwhelmed. The first step to getting on the road to recovery is acknowledging that you are in debt, and that the situation is ugly. You’re not alone; a whopping 80 percent of Americans are in debt. Even though there are many others in the same boat, it’s not a good place to be. Follow these steps to improve your financial situation and get out of debt.

If you've ever gotten turned down for a loan or a credit card that you thought you were going to get, you've probably asked yourself, "What were they looking at?" The truth of the matter is that lenders analyze several pieces of information before they decide to lend consumers money. Some lenders have automated systems that stop the application process before it even touches human eyes.

Are you drowning in debt? Are creditors harassing you day and night about your unpaid bills? You are not alone! More than 1.5 million people will file for bankruptcy this year. Will you be one of them? If you have exhausted all other efforts to repay your debts, bankruptcy is a viable option to start fresh. Seen as a drastic step by many, asking the court for help will put your life back on track.

A bad credit score can wreak havoc on various parts of your life. It can cause you to be denied for not just credit, but homes that you desire and jobs that you would adore. It's one of those things that can destroy your financial existence and eat away at any chance you have to rebuild your life. If you have poor credit, then you know what it's like to have something in front of you that you can't have because of a number.

If you are at the point in your personal finances where you are overwhelmed by this debt, you need to know that there are several solutions. The most popular is debt consolidation; however, there are several forms that this can take. The following are the pros and cons of each type.

 

In 2016, graduates had an average of more than $37,000 each in student loan debt. By 2017, Americans had accumulated more than 1.45 trillion dollars in student loan liabilities, and student loan debt isn't limited to the younger set. Many adults aged 40 and older have student loan debt, whether due to higher loan debts initially, or due to having to retrain later in life. Unpaid student loans can adversely affect your credit, which can hinder your ability to obtain housing, your available job prospects, your insurance rates, and more.