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“Should I invest or pay off debts first?” It’s a question that challenges the masses. Unfortunately, the vast majority of consumers don’t learn much about financial literacy in school. Instead, most people must educate themselves before making tough financial decisions….
Payoff is an online-only debt consolidation loan provider with a friendly, transparent approach to the dry business of making and managing loans. It may be too much to say Payoff makes borrowing money to get out of debt fun, but…
Being in debt sucks. Believe me, I know. There was a point when I found myself in way more credit card debt than I’d like to admit as a personal finance expert. My husband’s chronic illness flared up, and suddenly…
Full disclosure: I love credit cards almost as much as I love credit card statistics. I have multiple cash-back credit cards, multiple travel rewards credit cards, a gas credit card (which doubles as my Costco credit card), and a few…
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…
The Capital One Platinum Secured Credit Card is a no-frills, no-annual-fee credit card designed for consumers who wish to build their credit. It’s a secured credit card that requires a modest upfront deposit (at least $49), carries a fairly high regular APR,…
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…
Total U.S. consumer debt approached $15 trillion in 2020, according to Experian. That’s an increase of 31% from a decade earlier. Credit card balances account for approximately $756 billion of that consumer debt load. Personal loan balances grab another $323…
When a medical bill goes unpaid for an extended period of time, it can make its way onto your credit report. If collections of any kind appear on your credit report, that can drag your credit score down. There’s some…
If you’ve had debt in the past you couldn’t pay, some of those accounts may have been written off as “uncollectable.” In other words, the company may have stopped trying to collect because they were unable to get you to…
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