Category:
Debt Relief

House model, loan bag on basic balance scale representing a home equity loan

Is a Home Equity Loan a Good Idea?

By Pat McManamon | November 6, 2025

A home equity loan is money borrowed against the equity in your home. Your “equity” is the value of your home minus the amount you owe. The loan amount is…

Worried young man reviewing bills at his kitchen table, representing the concept of Charge-Off versus Cancellation of Debt.

Charge-Off vs. Cancellation of Debt

By Sarah Brady | November 5, 2025

What happens when you can’t afford to pay back your debt? Depending on your circumstances, things can unfold in a few different ways. If you’re facing a financial hardship and…

The words debt free in process are standing next to the loading bar representing debt relief.

Are Debt Relief Programs Legit?

By Tom Jackson | August 27, 2025

There are plenty of good debt-relief programs out there. There are also plenty of bad ones. If consumers do their homework and stick to their programs, there is indeed relief…

Close Up Of Pen And Bank Statements Showing Credit Card APR.

What Is a Good Interest Rate on a Credit Card?

By Alan Schmadtke | August 22, 2025

When you’re in the market for a new credit card or taking time to assess the card(s) you already have, one of your key points of analysis should be the…

Young woman sitting at a desk, reviewing her bank account and considering closing it.

Does Closing a Bank Account Hurt Your Credit?

By Sarah Brady | August 22, 2025

As a credit expert and a former NFCC-certified credit counselor, I know firsthand that many people are confused about what goes into their credit scores. So, I want to break…

Learn the details of credit counseling

Credit Counseling

By Max Fay | July 11, 2025

What Is Credit Counseling? Credit counseling is a free service that provides help with budgeting, solutions for becoming debt-free, and tips for managing your money successfully. Credit counseling is offered…

Illustration of broken piggy bank with a bandage representing bankruptcy recovery.

How Long Does it Take to Recover From Bankruptcy?

By Tom Jackson | April 23, 2025

Anyone enduring, or anticipating, the financial squeeze of personal bankruptcy may rightly wonder whether there is life on the other side of this wringer. The good news is there is,…

Debt Management vs Bankruptcy

By Tom Jackson | March 12, 2025

When faced with overwhelming debt, many people think bankruptcy is their only way out, but there’s another option you may not have heard about. Debt management is a debt relief…

Debt Management vs Bankruptcy

By Tom Jackson | March 12, 2025

When faced with overwhelming debt, many people think bankruptcy is their only way out, but there’s another option you may not have heard about. Debt management is a debt relief…

Cartoon standing with a credit card with bandage representing credit repair.

Does Credit Repair Work?

By Sarah Brady | February 21, 2025

“Credit repair” probably sounds like it should be something helpful, right? After all, what could be wrong with wanting to repair your credit? But when it comes to financial services…

Sources:

  1. Hawrylack, S. (2024, May 17) What can you use a home equity loan for? Retrieved from https://www.rocketmortgage.com/learn/what-can-you-use-a-home-equity-loan-for
  2. N.A. (ND) What is a home equity line of credit (HELOC)? Retrieved from https://www.bankofamerica.com/mortgage/learn/what-is-a-home-equity-line-of-credit/
  3. Lockert, M. (2025, March 24) How much higher will home equity levels rise? Here’s what experts predict. Retrieved from https://www.cbsnews.com/news/how-much-will-home-equity-levels-rise-what-experts-predict/
  4. Treece, K. (2025, May 6) Pros And Cons Of A Home Equity Loan: Is It A Good Idea? Retrieved from https://www.forbes.com/advisor/home-equity/home-equity-loan-pros-cons/
  5. Richardson, M. (2025, March 14) Is a $100,000 home equity loan a good idea now? Retrieved from https://www.cbsnews.com/news/is-100000-home-equity-loan-a-good-idea-now/