Paying Off Debt

How to get out of credit card debt

Explore How to Get Out of Credit Card Debt Step by Step

Last Updated: October 21, 2020 One of the worst things about credit cards is credit card debt. It is expensive, and it can take years to claw your way out of it. Meanwhile, your credit suffers, affecting your ability to finance a car or rent an apartment. In some cases, your credit affects whether you Read more

Debt Counseling

Debt Counseling Services: Should You Use Them?

Updated: September 11, 2020 Many people have difficulty managing their financial situation. Overdue bills are a constant source of worry. They live paycheck to paycheck. When someone is in this situation, debt counseling services (also known as consumer counseling services) sound like a responsible choice. They are advertised as a long-term solution to get your Read more

Pay off Debt

Know How to Pay off Debt to Improve Credit Score

Updated: July 13, 2020 One of the most significant factors of any financial situation is debt. Debt can be broken down into whether you have it; how much you have; and what kind you’re carrying. Each of these influences your credit score in different ways. Understanding how debt affects your credit score can guide your Read more

Remove Collections from Credit Report

4 Ways to Remove Collections from Credit Report

Updated: June 15, 2020 Debt collections are a result of having unpaid debts for several months. Your creditor will pass your account onto a debt collector and part of their job is to show this debt on your credit report, which won’t be doing your credit score any favors. There are a number of possible Read more

Debt Snowball vs. Debt Avalanche

Paying off Debt: Debt Snowball vs. Debt Avalanche

Updated: June 28, 2020 The first stage of financial independence and building wealth is eliminating debt. Most people choose one of two strategies: debt snowball vs. debt avalanche. Before you choose a side, you should do one pre-debt elimination step: list all your debts so that you can visually see what they’re costing you. Then Read more

Debt Management Tools

Manage Your Debt with These Debt Payoff Apps

It can be difficult to pay off debt. However, we have access to a number of debt management tools designed to handle our finances. Whether the goal is to eliminate debt or set and achieve a financial goal, you can select the app that works best for you and your unique situation. Here’s a selection Read more

When to Refinance

When Refinancing Makes Sense

Last Updated: April 17, 2020 One good thing about having expensive debt is the possibility of converting your current loans to a better one. While refinancing may potentially save you money, it can backfire if done incorrectly. Knowing how, and when, to refinance is just as important as refinancing itself. How Refinancing Works Refinancing is Read more

Pay Off Debt

First Step to Paying off Debt: Understanding Debt Rates

To become financially independent and build wealth, you must pay off debt. You should understand your debt rates, how much debt is owed, and what it costs. Then you can begin to create the most appropriate debt repayment plan. Step 1: Know How Much Debt You Owe How much debt do you currently carry? Chances Read more

Credit Card Debt

Make Friends With Your Card By Managing Credit Card Debt

When you don’t understand credit, it can be a difficult and seemingly unfair concept to get. You’re allowed to borrow money from a company. When you repay it, you may owe nothing extra or a lot of money thanks to really high interest rates. Without credit cards and other forms of consumer credit, could you Read more