BE DEBT FREE

Overspending during the holiday is almost an American tradition. In fact, people in the United States expect to spend about $184 billion on holiday gifts alone this year – and roughly 31% of them still haven’t paid off last year’s presents. Excess debt can be stressful. If you’re already struggling with your finances, how can you get

Most creditors work with debt collection agencies/individuals (debt collectors) to collect customers’ debts. Debt collectors are required by law to observe fair practices. They should not harass, oppress or abuse you. This guide discusses what constitutes debt collector harassment or abuse: Repetitive phone calls A debt collector can call to remind you to pay your debt

Credit cards offer undeniable convenience, especially in an era where almost nobody carries cash – but credit card companies are masters at finding ways to subtly encourage excess spending. Study after study has found that people chronically spend more when they use credit instead of cash – and they don’t even think about the expenses in

Credit card debt is a common financial burden that can quickly spiral out of control if not managed effectively. Ignoring this debt can have severe consequences, impacting your credit score, financial stability and overall well-being. Below are some of the hidden dangers of ignoring credit card debt: Debilitating interest rates: When credit card debt is left

Credit card debt is a major concern for many American households. Especially after the holiday season or major unexpected expenses, even the minimum monthly payment due on a credit card balance may strain a household’s budget. People may see few options for paying down their balances and regaining control over their debt. Unfortunately, there are

When taking out some form of loan or line of credit, it will generally either be considered unsecured or secured debt. The difference between the two comes down to a simple thing: security. When signing up to a secured lending agreement you’re usually required to have collateral backing it. It can be difficult to understand what types

It’s no secret that many Americans are struggling to get by from paycheck to paycheck. It can be disheartening to see all of your wages dispersed before you’ve barely had a chance to look at them. Credit cards can help in numerous ways, but they can also be dangerous. Credit cards have the potential to

When you have bills stacking up and a lot of overdue bills, it’s easy to start feeling pretty anxious. The constant collection calls, increasingly insistent letters and other contacts from your creditors can make you desperate for a solution. That’s exactly what some debt relief companies are counting on. While there are many genuine debt

The holidays come with a lot of social pressure. People want to give gifts to their friends and families. They feel like they need nice outfits for religious ceremonies or office parties. There may also be pressure to travel or to host family members at their homes. All of that adds up to a lot

A successful bankruptcy filing can benefit an individual in numerous ways. The automatic stay will stop pending lawsuits, repossession efforts and other collection activity. The eventual discharge of your unsecured debts will prevent future collection efforts on those debts. The trade-off for those benefits is that filing for bankruptcy will drag down your credit score