Get Out of Debt
12 articles
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.
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.
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.
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, and comes with a low initial credit limit. However, when used responsibly, the Platinum Secured
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
Accredited Debt Relief is a professional debt settlement negotiation service that can help you consolidate multiple monthly payments and settle your unsecured debts for less than you owe. Learn about Accredited Debt Relief and the pros and cons of signing up for its debt relief program.
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.
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.
Overwhelming student loan debt is a serious financial drag. One little-discussed strategy is appropriate for millions of private student loan borrowers with good credit: a low-interest credit card balance transfer. Learn how to use low-interest credit cards to reduce or eliminate your student debt.
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.
Financial guru Dave Ramsey’s “Baby Steps” are the perfect formula for the average person who isn’t terribly interested in personal finance. But they’re not one-size-fits all. Here’s what they recommend, how to tell if they’re right for you, and some alternatives to consider.
Student loans and mortgage debt are often considered to be “good debt,” as they are forms of debt you take on in order to purchase something that should increase your net worth. “Bad debt,” on the other hand, includes credit card debt, auto loans, and other consumer debt incurred to make purchases that depreciate in
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