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Understand Debt
Times are tough for plenty of American households. But if you’re among those attempting to find a way out, beware of debt traps. Your concern, especially if you are among…
If you are being irresponsible about repaying debt, any private creditor (including credit card companies), can seek a court order to garnish your wages. Garnishing wages often is a last…
If you can read this, the saying goes, thank a teacher. In fact, thank them twice if they’ve remained committed to the job of educating our kids while juggling their…
The difference between secured and unsecured loans, in a word, is collateral. Secured loans require borrowers to put up a tangible asset, such as the home or vehicle they’re purchasing.…
Credit Card Debt When to use credit vs. debit, how to manage your credit card debt and how to organize your credit card statements. Students Here you’ll learn how to…
Millennials are stereotyped in a lot of different ways — black-rimmed glasses, ear buds attached at all times, designer haircuts, watching cat videos and taking selfies – but there is…
Sources:
- A. (2024, August 6) Household Debt Increased Moderately in Q2 2024; Auto and Credit Card Delinquency Rates Remain Elevated. Retrieved from https://www.newyorkfed.org/newsevents/news/research/2024/20240806
- De Vise, D. (2024, May 26) Credit report errors are more common than you think. Here's how to dispute one. Retrieved from https://www.usatoday.com/story/money/2024/05/26/credit-report-errors-what-to-do/73816078007/#
- A. (2023, March 15) Debt Trap – Meaning, Causes, Indicators and How to Avoid It? Retrieved from https://navi.com/blog/debt-trap/
- Taylor, K. (2021, December 21) 4 Behaviors That Can Land You in a Credit Card Debt Trap. Retrieved from https://hbr.org/2021/12/4-behaviors-that-can-land-you-in-a-credit-card-debt-trap
- Rodriguez, J. (2024, January 24) How to escape the credit card debt trap: 6 ways to get out of debt faster. Retrieved from https://www.cbsnews.com/news/how-to-escape-the-credit-card-debt-trap-6-ways-to-get-out-of-debt-faster/
- Bible, T. (2022, October 26) Types of Debt Traps and How to Avoid Them. Retrieved from https://www.tombiblelaw.com/blog/2022/october/types-of-debt-traps-and-how-to-avoid-them/
- Rieth, E. (2023, August 8) What Are Car Title Loans: 4 Things To Know Before Applying. Retrieved from https://www.capitalone.com/cars/learn/getting-a-good-deal/what-are-car-title-loans-4-things-to-know-before-applying/2500
- Larson, K. (2024, August 9) What Is a HELOC Draw Period and How Does It Work? Retrieved from https://www.marketwatch.com/guides/home-equity/heloc-draw-period/#