If you have multiple sources of debt, it can start to feel like no amount of monthly payments is enough to get out of it. The good news is, there are multiple ways to pay off debt. Here, we explore one in particular — the debt snowball method — and how to tell if it’s right for you.
Just as debt determines individual success, state and national debt patterns also influence how decisions are made by economists, investors, politicians, and business leaders all over the world. We’ve curated a selection of key debt statistics everyone should know heading into 2021.
Your credit history is an incredibly important part of your financial life, impacting the loans you can qualify for, the interest rates and fees you pay to borrow, and even your ability to land some jobs. What can you do right now to build your credit history fast? Find out here.
Your credit score impacts every aspect of your financial life, and a bad score has serious repercussions. Rebuilding your credit can take several years, but you can see progress almost immediately once you begin repairing it. If your credit score is less-than-perfect, learn how to fix it here.
The end-of-year shopping season is upon us. Black Friday and Cyber Monday - North America's two biggest retail holidays - are nigh. There's just one item of...
Debts can be either secured or unsecured depending on whether the borrower puts up collateral for the loan. This makes a big difference when you prioritize which loans to pay off first. Which kinds of debt do you have, and does it matter in what order to pay them off? Learn more here.
Your credit score might not seem to matter too much for your daily life. But there are times when it can make or break your financial goals. Understanding what credit scores are, how they're calculated, and how they affect you will help you make the best choices for your financial future.
If, like many, you graduated college with some student loan debt, you may be concerned about paying it off as quickly as possible. If...
If you're being hounded by debt collectors, you're not helpless. There's a federal law that protects you from being harassed by debt collectors, even if you can't pay back the money. Here's what you need to know about what debt collectors can and can't do and how to protect your rights.
Many people who file for bankruptcy look at it as a chance to erase their debt and start over. Although that’s true for some bankruptcy cases, not all debts are treated equally. Read on to learn how different types of debt are treated in bankruptcy and how you can avoid any surprises in the process.
The very act of applying for a loan or credit card can ding your credit score. Understanding hard and soft credit inquiries and knowing what activities trigger each helps you manage your credit. What is the difference between hard and soft credit inquiries, and how do they affect you? Find out here.
We get mixed messages about debt. Why does debt seem like such a necessity in our lives but also a burden that promises financial doom? It’s because not all debt is the same. Learn the difference between “good” debt and “bad” debt here.