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Debt Relief
Debt relief vs. bankruptcy is on a lot of our minds these days. Not without reason. Some of us are in big financial trouble. U.S. households owe $17.8 trillion in…
Feeling the squeeze from financial worry? Saying you’re not alone isn’t useful. Saying there’s professional help for your condition just might be the best thing this side of winning the…
When you’re looking for financial advice, you would hope there are two things you can count on from the person on the end of the phone: They know what they…
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…
Kevin Briggs was a successful landlord with a six-figure income, but after a year of pandemic challenges, he found himself in 2021 with $45,000 in credit card debt. “I was…
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…
Debt management plans might be the most productive and least appreciated member in the family of debt-relief solutions that includes debt consolidation loans, debt settlement and bankruptcy. DMPs, as they are…
There can be benefits to using a home equity loan to pay off credit card debt, including lower and fixed monthly payments. If you’re considering a debt consolidation loan, the…
Is carrying a lot of debt worse than carrying a lot of weight? If you’re a millennial the shocking answer is yes, at least if you are hoping to get…
Sources:
- A. (ND) Center for Microeconomic Data: Household Debt and Credit Report (Q2 2024) Retrieved from https://www.newyorkfed.org/microeconomics/hhdc
- Caporal, J. (2024, August 7) Average American Household Debt in 2024: Facts and Figures. Retrieved from https://www.fool.com/the-ascent/research/average-household-debt/
- Hardekopf, B. (2024, August 8) This Week In Credit Card News: Card Delinquencies, Debt Point To Tough Times Ahead. Retrieved from https://www.forbes.com/sites/billhardekopf/2024/08/08/this-week-in-credit-card-news-card-delinquencies-debt-point-to-tough-times-ahead/
- Revell, E. (2024, August 15) Americans' household debt surged in recent years amid challenging consumer environment. Retrieved from https://www.foxbusiness.com/economy/americans-household-debt-surged-last-4-years-amid-challenging-consumer-environment
- Dickler, J. (2024, August 8) Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says. Retrieved from https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html
- Lane, T. (2024, August 6) US Credit Card Delinquency Rates Hit Levels Not Seen in 12 Years. Retrieved from https://www.investopedia.com/credit-card-delinquency-rates-hit-levels-not-seen-since-2012-8691090
- Tuoliva, A. (2024, May 24) Bankruptcy Explained: Types and How It Works. Retrieved from https://www.investopedia.com/terms/b/bankruptcy.asp
- Warren, K. (2024, January 23) Debt Relief vs. Bankruptcy: Understanding Your Options. Retrieved from https://www.investopedia.com/debt-relief-vs-bankruptcy-understanding-your-options-8419029
- Weston, L. (2024, May 7) Debt Settlement vs. Bankruptcy. Retrieved from https://www.nerdwallet.com/article/loans/personal-loans/debt-settlement-lousy-bankruptcy-alternative
- Vandervort-Clark, A. (2024, May 22) Bankruptcy vs. Debt Relief. Retrieved from https://www.findlaw.com/bankruptcy/debt-relief/bankruptcy-vs--debt-relief.html
- Leicht, A. (2024, March 18) Debt relief vs. bankruptcy: Which option is right for you? Retrieved from https://www.cbsnews.com/news/debt-relief-vs-bankruptcy-which-option-is-right-for-you/
- Petts, J. (2024, August 1) Should I File For Bankruptcy or Try Debt Relief? Retrieved from https://upsolve.org/learn/should-i-file-for-bankruptcy-or-debt-relief/
- Dehan, A. (2023, April 11) Debt Relief Vs. Bankruptcy: A Guide. Retrieved from https://www.rocketmoney.com/learn/debt-and-credit/debt-relief-vs-bankruptcy
- Martin, A. (2024, August 7) Debt Relief vs. Bankruptcy: Which is Better? Retrieved from https://www.miamiherald.com/banks/debt/debt-relief-vs-bankruptcy/
- O’Shea, B. (2024, August 12) Understanding Debt Relief: What It Is, How It Works. Retrieved from https://www.nerdwallet.com/article/finance/find-debt-relief
- Kagan, J. (2024, August 9) Debt Relief: What It Is, How It Works, FAQs. Retrieved from https://www.investopedia.com/terms/d/debt-relief.asp
- Rodriguez, J. (2024, February 6) What are the pros and cons of credit card debt forgiveness? https://www.cbsnews.com/news/what-are-the-pros-and-cons-of-credit-card-debt-forgiveness/
- Black, M. (224 February 15) How Much Does Debt Settlement Cost? Retrieved from https://www.investopedia.com/how-much-does-debt-settlement-cost-8576484