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 […]

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. […]

Getting out of debt in 2020

How to Get Out of Debt in 2020

Debt is an on-going problem for almost every American. Adding together credit cards, student loans, personal loans and other types of debt, except mortgages, the average American owes $38,000! The average amount of credit card debt alone is $6,850.  Getting out of debt and saving money is a common New Year’s resolution. If this is one of yours, you need a plan – it won’t happen magically. Let’s take a look at ways to pay down your debt and increase your savings. Speak to a debt expert who can explain all of your options for FREE. Step One: Understand Where […]

What does debt to income ratio mean and what should yours be

What Does Debt to Income Ratio Mean and What Should Yours Be

If you are applying for loans, you may have heard about debt to income ratio. Your loan rates and even the possibility of getting a loan is based, in part, on your debt to income ratio. It is also a way to see if you are financially healthy. The short version is, the lower your debt to income ratio, the better off you are. Speak to our debt experts for free so they can explain your options to you. What is Debt to Income Ratio? The debt to income ratio looks how much you owe versus how much you earn. […]

What are the Different Types of Debt

What are the Different Types of Debt?

Debt is a nightmare for most Americans. Sometimes it seems as though debt is as inevitable as death and taxes. The average amount of household debt is over $100,000. But did you know that some debt is actually considered good? Let’s take a look at debt and how it affects the average American. What is Debt? The simple definition of debt is the amount of money borrowed to allow for purchases. If you look at Americans by age, you’ll find that each age group has a unique debt structure. People under 35 average about $67,400 in debt with 20% of […]

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