Get Out of Debt
Are there more debit cards or credit cards in the U.S.? What’s the percentage of credit card fraud? The answer to one of those questions will surprise you. Satisfy your inner nerd and find out how you compare with these credit card stats.
Being in debt sucks. Paying it off can feel intimidating, but it is possible. If you’re struggling with high credit card balances, it’s more than possible to pay off your debt once and for all.
Americans’ collective credit card debt balance hit $930 billion in Q3 2022. That’s a $43 billion jump from the previous quarter. The average cardholder now has more than $6,000 in credit card debt, closing in on 2019’s all-time high. But our debt burden isn’t equally shared. Most Americans have no credit card debt at all.
Whether you’ve dealt with insufficient income and mounting bills for years or face a new, unexpected challenge such as a big medical expense or a lost job, it can be frustrating to watch the interest pile up on your unpaid obligations while wondering how you’re going to make ends meet each month. Fortunately, there are plenty of
An unexpected illness or injury can quickly lead to mounting medical costs. Without an emergency fund, it’s easy to fall into medical debt, hurting your budget and credit score. Fortunately, there are several ways to get medical debt off your credit report. Find out which is best for you.
Moving to a new state to pay off your student loans might sound like a drastic move, but you get to experience a new place and maybe even a lower cost of living or better job opportunities. The only question left to ask yourself is which state to move to.
Chipper is a student loan repayment tool that can help you “chip” away at your debt and pay your student loans off faster. But that’s not all it can do. Find out whether you should download it today.
Most consumer debts have an expiration date, known as the statute of limitations. Generally, you don’t have to pay debts once that date passes. But that doesn’t stop “zombie debt” collectors from trying. Find out how to deal with them when they come calling.
Medical bills are a major driver of consumer debt. They can also contribute to financial distress, up to and including bankruptcy. But do they affect your credit score? Learn if, when, and how medical bills could negatively impact your credit.
If you have bad credit, limited credit, or no credit history at all, you know the importance of building credit. Credit-builder loans help you establish or rebuild your credit as pay your bills on time. Learn about the best credit-builder loans that are widely available today.
When you’re behind on all your bills and fending off daily calls from debt collectors, debt settlement looks tempting. But settling your debts is time-consuming, potentially costly, and can damage your credit score. Before moving ahead with it, consider the alternatives.
Unpaid balances on credit cards can quickly build on themselves. Knowing the factors that contribute to the interest rate you’re paying is key to lowering your rate. Learn how to calculate your credit card interest rate — and why it’s so important to pay off those balances as quickly as you can.
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You’re borrowing it. Do it wisely.