Pacific Debt Blog

How to get debt relief from the coronavirus

How to Get Credit Card Debt Relief from the Coronavirus Pandemic

With vitally important stay-at-home orders issued in most states and many businesses closed down because of the COVID-19 pandemic, you may be one of the millions who are taking a financial hit. While you pay attention to your health, you need to pay attention to your credit cards and your spending. It will be very easy to spiral deeper into debt and rack up some serious balances on your credit cards. There is also some potentially good news coming out of this situation that may help you with your credit card bills.  Speak to a debt specialist for free. They […]

1099 C Cancellation of Debt Common Questions

1099 C Cancellation of Debt Common Questions

Disclaimer – We are not lawyers or tax professionals and we are not giving legal or tax advice. These are merely some options and information about taxes.  Consult an attorney or tax professional in your area to determine all your options. Debt forgiveness may come with a tax consequence. In other words, debt forgiveness is potentially taxable. If you are considering debt forgiveness like debt settlement, or have been through debt forgiveness, you need to understand the possible tax consequences of debt forgiveness.  In a previous blog post, we discussed the tax consequences of debt settlement. In this blog post, […]

how much money do you have to make to file taxes

How Much Money Do You Have to Make to File Taxes in 2020

Disclaimer – We are not lawyers or tax professionals and we are not giving legal or tax advice. These are merely some options and information about taxes. Consult an attorney or tax professional in your area to determine all your options. Tax season arrives every year. If you don’t make a lot of money, you may not know whether or not you need to file your federal income taxes. If you are asking “How much money do I need to make to file taxes?” You are in the right place for a quick tutorial. Let’s take a quick look at […]

What Is a Good APR for a Credit Card?

What Is a Good APR for a Credit Card

As you are shopping around for a credit card, you’ll notice the APR or annual percentage rate. These rates vary widely, generally from 16% to more than 25%. How do you know if you are getting the best possible APR for your credit card? What is APR? ARP is the amount of interest charged on credit card purchases and cash withdrawals. The quick version is that the APR is based on the prime rate or the lending rate that is offered to borrowers with the best credit scores, generally over 690. We’ve covered how credit card interest works in great […]

How Much Should You Have in Savings Article Image

How Much Should You Have in Savings

Americans are generally great at spending money and really terrible about setting money aside for emergencies or retirement. Unfortunately, about 40% of Americans are one paycheck away from disaster. That means that a simple job loss, injury, or even car breakdown will leave a lot of Americans hurting and facing bankruptcy. Most Americans can’t pay off an unexpected bill of more than $1,000. And 36% of Americans have faced an unexpected bill of $5,000 or more in the last year.  Only 16% of Americans have saved more than $200,000 toward retirement while 22% have less than $5,000 put towards retirement. […]

Pacific Debt Rated Best Debt Settlement Company of 2020

Pacific Debt Inc Rated One of the Best Debt Settlement Companies of 2020

Being named as One of the Best Debt Settlement Companies of 2020 is a huge honor and we at Pacific Debt, Inc. are proud to have earned that title from two different news rating agencies, Bankrate and US News and World Report.  Best Consumer-Friendly Experience Bankrate named Pacific Debt, Inc as the Best Debt Settlement Program for a Consumer-Friendly Experience. Bankrate based this rating on the fact that we at Pacific Debt, Inc provide an outstanding level of personalized service to our customers and we maintain an A+ rating from the BBB.  Our services start with a free consultation with […]

What's the fastest way to save money

What’s the fastest way to save money?

The fastest way to save money is to stop spending it. That is a lot easier said than done. But it’s not impossible. Let’s look at some ideas below to save money and squirrel it away for a greater need. Using some of these tips below can help you save money faster. Start Using a Budget One of the best ways to save money is from a budget. Track your expenses and create a budget for yourself. You need to know where your money is going and where you can stop or decrease spending it. You’ll find more details on […]

How To Rent An Apartment With Bad Credit

How To Rent An Apartment With Bad Credit

Most property managers or landlords require a security deposit, first and last month’s rent, a rental application, a credit check, and references. Before you start searching for an apartment to rent, take a look at your credit report. If your score is less than 620, you may have trouble renting a place. If you have a bad credit score or you don’t know your credit score, what can you do? Get Your Free Credit Reports You are entitled to one free copy of your credit report every year. You can request one from each of the big three credit reporting […]

Is it better to pay off debt or save money

Is It Better to Pay Off Debt or Save Money?

Maybe you just ran into a bit of money and you are wondering what to do with it. Should you pay off an existing debt at 25% interest? Should you put it in a savings account for 1% interest? Should you buy something you want? It can be a real tough decision. Let’s look at these options in more detail below so we can figure out the best place to put that money. Pay Off Debt If you focus on paying down your debt first, you are decreasing how much you pay in interest and potential penalties like late fees. […]

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Cathy

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Shirley

"I just wanted to send a quick thank you for all you have done! It wasn't an easy couple of years financially, but I made it through! Thanks to you, Pacific Debt, I can now make a fresh start."

Denise
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