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Personal Finance
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
Debt is a growing threat to the retirement plans of Americans. In fact, the only time most retirees will be out of the hole will be when they get put…
First job? Congratulations! Welcome to the workforce! First paycheck? You have some planning to do. Paychecks are your ticket to join – and enjoy – America’s economy, but there are…
Borrower beware! If you are hoping to score a car or home loan and don’t know your debt-to-income ratio, you probably want to check into it. You might find out…
A disturbing number of Americans are speeding toward a financial cliff called retirement. Unless they change their saving habits, they may well barrel over the edge and land in poverty.…
Getting a pink slip might not be as devastating as learning you have a serious medical problem, but the trauma of losing a job can hit hard, especially for those…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
If you want a raise in 2018, please don’t hold your breath. You might not make it to 2019. More than half of Americans haven’t gotten a raise in the…
Sources:
- Porter, T. (2018, November 17) American Household Debt Is Nearly a Trillion Dollars Higher Than It Was Before the 2008 Recession. Retrieved from https://www.newsweek.com/american-household-debt-nearly-trillion-dollars-higher-it-was-2008-recession-1220615
- Richter, W. (2018, November 20) Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks. Retrieved from https://wolfstreet.com/2018/11/20/subprime-rises-credit-card-delinquencies-spike-past-financial-crisis-peak-at-smaller-banks/
- Saad, L. (2018, May 3) Paying for Medical Crises, Retirement Lead Financial Fears. Retrieved from https://news.gallup.com/poll/233642/paying-medical-crises-retirement-lead-financial-fears.aspx
- N.A. (ND) How do credit missteps affect FICO Scores? Retrieved from https://www.myfico.com/credit-education/faq/negative-reasons/effects-of-credit-missteps
- N.A. (2018, March) Debt Collection FAQs. Retrieved from https://www.consumer.ftc.gov/articles/debt-collection-faqs
- N.A. (2017, July 12) What should I do if I can’t pay my credit card bills? Retrieved from https://www.consumerfinance.gov/ask-cfpb/what-should-i-do-if-i-cant-pay-my-credit-card-bills-en-1697/
- Konsko, L. (2018, January 18) What Should You Do If You Can’t Make Your Credit Card Payments? Retrieved from https://www.nerdwallet.com/blog/credit-cards/cant-make-credit-card-payments/