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Debt & Finance Blog
The world is full of myths, and one might be costing you a lot of money. It’s the widespread belief that you need to carry a balance to improve your…
Americans who carry balances month over month should be alarmed by the interest they’re paying: As the Federal Reserve persists in incremental hikes, credit card rates keep surging. But there’s…
These days, for the launching of a lifetime together, the only thing better than a properly organized wedding is a properly organized destination wedding. After all, it’s not just a…
One of the best ways to get out of credit card debt is the old-fashioned way – earn more money. Ugh. Making extra money requires extra effort, and a lot…
Debt is a growing threat to the retirement plans of Americans. In fact, the only time most retirees will be out of the hole will be when they get put…
First job? Congratulations! Welcome to the workforce! First paycheck? You have some planning to do. Paychecks are your ticket to join – and enjoy – America’s economy, but there are…
You don’t have to be a fan of extreme frugality to have heard of Elizabeth and Nate Thames and probably to have an opinion about the simple-living lifestyle they tout.…
Walter was one of millions of Americans financially swept under during the Great Recession a decade ago. Before the downturn, he and his wife owned a large home in western…
So, you’ve finally taken the big step and enrolled in a debt relief program. Now what? If you’re going to succeed, you’ll have to alter the lifestyle that got you…
Borrower beware! If you are hoping to score a car or home loan and don’t know your debt-to-income ratio, you probably want to check into it. You might find out…
Sources:
- (Skoneki, M.)(2018, July 2). 43 million Americans wrongly carry credit card balance to improve credit score, report finds. Retrieved from: http://www.spokesman.com/stories/2018/jul/02/43-million-americans-wrongly-carry-credit-card-bal/
- (Wathen, J.)(2017, December 22). Why carrying a credit card balance isn’t necessarily a bad thing. Retrieved from: https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2017/12/22/60-of-credit-card-accounts-carry-a-balance-heres-why-that-isnt-necessarily-a-bad-thing/106702290/
- (Sullivan, B.)(2018, January 11). State of Credit: 2017. Retrieved from: https://www.experian.com/blogs/ask-experian/consumer-credit-review/
- (O’Brien, S.)(2018, July 20). Consumers paying $104 billion in credit card interest fees. https://www.cnbc.com/2018/07/19/consumers-paying-104-billion-in-credit-card-interest-and-fees.html
