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Personal Finance
Financial experts typically agree on a handful of principles, two of which are to save money and not to carry too much debt. Those two guidelines sometimes battle each other,…
You can buy a house if you owe back taxes as long as you can show you are actively taking steps to pay the tax debt. That includes providing proof…
A charge-off can feel like a death sentence for your credit. When you have a debt charged off, your credit scores will drop (sometimes by a lot) and you’ll have…
The financial strain of credit card debt can affect more than just your wallet. It can lower your credit score, limit your ability to borrow, and create ongoing stress. In…
Getting the maximum out of life is a worthy goal. Getting the maximum out of your credit card is not. Charging more than your card’s credit limit can be costly…
Remember that fabulous night out – Dinner! Drinks! — with a posse of your closest friends at one of those Michelin 5-star restaurants a couple of months back? Boy, what…
If you’re carrying high-interest credit card debt, a balance transfer can feel like a financial reset button. In simple terms, a balance transfer lets you move debt from one or…
A credit union is a member-owned nonprofit cooperative that provides financial services to its members. Because credit unions are member-owned, they are not answerable to shareholders, so profits are returned…
You’re probably already past the well-intentioned warnings from experts about bankruptcy. “Don’t do it unless you have to.” “It’ll hurt at least as much as it helps.” “Make it the…
Upcoming Webinars/Events Debt consolidation is a sensible solution for consumers overwhelmed by credit card debt. It can be done with or without a loan. Consolidation cuts costs by lowering the…
Sources:
- Consumer Financial Protection Bureau. (2026) 12 CFR § 1026.43 — Minimum standards for transactions secured by a dwelling. Retrieved from https://www.ecfr.gov/current/title-12/chapter-X/part-1026/subpart-E/section-1026.43
- N.A. (2026, April 30) What Not to Do When Paying Off Debt. Retrieved from https://www.fbfs.com/learning-center/what-not-to-do-when-paying-off-debt
- Olson, A. (2026, April 27) Paying Off Debt vs Saving: What to Choose. Retrieved from https://www.mutualofomaha.com/advice/financial-planning/managing-debt/paying-off-debt-vs-saving-what-to-choose
- N.A. (2026, April 6) Should I Save or Pay Off Debt? Retrieved from https://www.transunion.com/blog/debt-management/save-or-pay-off-debt
- The Money Guy Show. (2025, July) Why We Don't Recommend Paying Off All Debt First. Retrieved from https://www.youtube.com/watch?v=jvRtXhUhoJU
- N.A. (2026, January 25) What Is a Prepayment Penalty? Retrieved from https://www.consumeraffairs.com/finance/what-is-a-prepayment-penalty.html
- Brady, S. (2025, February 27) Pros & Cons to Paying Off Credit Card Debt. Retrieved from https://www.nfcc.org/blog/pros-cons-to-paying-off-credit-card-debt/
- Jenkins, M. (2023, January) Pros & Cons Of Paying Student Loans Off Early, According to Financial Planners. Retrieved from https://panaceafinancial.com/resources/pros-and-cons-of-paying-student-loans-off-early/
- N.A. (ND) Household Debt and Credit Report (Q1 2026). Retrieved from https://www.newyorkfed.org/microeconomics/hhdc
- N.A. (ND) Should you save money or use it to pay off debt. Retrieved from https://www.chase.com/personal/credit-cards/education/build-credit/saving-or-paying-off-debt-first
- N.A. (ND) How to pay off debt and save at the same time. Retrieved from https://www.usbank.com/financial-education/save/how-to-pay-off-debt.html
- N.A. (ND) Pay Off Credit Cards or Other High Interest Debt. Retrieved from https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/pay-credit-cards-or-other-high-interest