There are millions of credit cards in the United States today. Over 70% of adults in the United States have at least one credit card in their wallet. However, many adults do not know enough about personal finance to understand what happens to their credit scores when they apply for a credit card account. Here Read more »
Posted: Debt InfoDid you know that debt can eat away at you just like a disease? Many people are constantly up at night worried about whether or not they will be able to make the next payment on their private student loans. Other people are scared that their credit cards are going to never be paid off Read more »
Posted: Debt InfoAbout one-third of senior households have no money left at the end of each month or their in debt after meeting basic expenses. The average credit card debt among adults over the age of 65 is more than $10,000 and 14% of seniors retire with a negative net worth. The National Council on Aging is Read more »
Posted: Debt Info, Debt TipsOne way that consumers can tackle their personal debt is by consolidating it into a single personal loan. It’s a way to save money in the long term by making repayments easier to manage. The current economic client has left some consumers looking for alternative options for managing debt. Credit card bills, household debt and Read more »
Posted: Debt InfoThe housing market should heat up with the arrival of spring, according to experts. Buying a home is one of the biggest financial decisions a person can make in their lifetime so it’s important to make the best decision possible for your situation. “The first step is figuring out how much you can afford to Read more »
Posted: Debt Info, Debt Tips, NewsIn Realtor.com’s list of “Top 10 Turnaround Towns”, eight of the cities were in Florida. But a non-profit helping underwater homeowners says it is seeing a different story. InCharge Debt Solutions believes there will an increased need in foreclosure prevention assistance this year in Florida. “Realtor.com’s report showed that some of the state’s markets are Read more »
Posted: Debt Info, Debt Tips, NewsThe Federal Reserve Bank of New York recently reported that more than five million student loan borrowers are at least 30 days delinquent on their payments. Outstanding student loan debt totals nearly $900 billion, which means there are millions of students struggling to repay their loans. There is now a new tool to help college Read more »
Posted: Debt Info, Debt TipsFed up with bank fees? You’re not alone. Consumer backlash against bank fees, poor customer service and unmet needs has created a huge influx of customers switching financial institutions, according to the JD Power and Associates 2012 US Bank Customer Switching and Acquisition Study. Even though Bank Transfer Day feel on November 5, 2011, it Read more »
Posted: Debt Info, Debt Tips, NewsHigh school students could be in for a rude awakening. According to a new survey of 16 and 17-year-olds there is a widening gap between these teens plans for funding college and their actual ability to do so. The majority of students believe it is their responsibility to pay for at least part of their Read more »
Posted: Debt Info, NewsRoughly half of Americans have more in their emergency savings account than credit card debt. That’s according to a new poll from Bankrate.com. One in four Americans has more credit card debt than savings and 16% have no credit card debt or emergency savings. This is just one indicator showing that financial situations for many Read more »
Posted: Debt Info, Debt Tips