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Credit Cards
Understanding how debt impacts your credit will help you pay off loans quickly and efficiently. This guide aims to help borrowers understand the different types of debt and the nuances…
If you’re wondering how to pay off $15,000 in credit card debt, you can comfort yourself with the fact that you’re not alone. More than 40% of U.S. households carry…
Credit Card Debt More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…
Running up $50,000 in credit card debt is not impossible. About two million Americans do it every year. Paying off that bill? Well, that’s not impossible either, though it is…
Using a credit card is sort of like going down one of those tall slides. It’s fun. But then at the end the ride ends and the climb back up…
Debt has consequences, some of which will surprise the average American. No, we’re not talking jail time. Debtor’s prisons were abolished nearly two hundred years ago, but untamed debt can…
Choose Your Debt Amount Consolidate Debt in Minutes Handling Credit Card Debt While Unemployed A strange thing happened when the COVID-19 economic shutdown hit the United States — millions of…
America is finding it harder than ever to pay off credit card debt. Total credit card debt is $1.115 trillion in 2024, according to the Federal Reserve. That’s up $129 billion in…
If you’re swamped in debt and it’s harder each month to at least pay your minimum credit card balances, inaction isn’t an option. But how do you tackle what could…
About Credit Card Hardship Programs Generally speaking, Americans are late in paying off credit card balances and the situation could get far worse after the devastating fallout from the coronavirus.…
Sources:
- N.A (2021, July 29) Types of Debt. Retrieved from https://www.capitalone.com/learn-grow/money-management/types-of-debt/
- Egan, J, Strohm, M, (2022, February 23) The Main Types of Debt and How to Handle Each. Retrieved from https://www.forbes.com/advisor/debt-relief/types-of-debt/
- N.A. (ND) How To Get Out Of Debt. Retrieved from https://consumer.ftc.gov/articles/how-get-out-debt