10 Common Bankruptcy Myths Debunked: What You Need to Know

10 Common Bankruptcy Myths Debunked: What You Need to Know Consumer Bankruptcy is a legal process that can provide individuals with a fresh start when overwhelmed by debt. However, there are many myths and misconceptions surrounding bankruptcy that often prevent people from considering it as a viable option for resolving their financial troubles. In this […]

Minimum Payments Delay Improving Your Financial Health

When addressing the financial strategies of my clients, one recurring issue that presents itself is the practice of only making the minimum payments on credit card balances. It is imperative to understand why this approach can be detrimental to one’s financial health. The interest rates associated with credit cards are typically much higher than other […]

When Dealing With Debt Collectors, It Pays To Know Your Rights

So you bought something on credit, but then never saw a bill for it. Perhaps you think: no bill = winner/free stuff! At some point, the company is likely to balance their books and find your debt. But just how long can a creditor wait before attempting to collect on that debt? Am I Off […]

Credit Card Debt & Your Retirement Savings

You might be facing a ton of credit card debt, unsure of how you will ever pay it off. You might be considering Chapter 7 bankruptcy. You might also be thinking about dipping into your retirement savings to pay it off. Both options have benefits and drawbacks and it is important for you to be […]

6 Tips To Improve A Low Credit Score

Having a low credit score tags you as a high-risk borrower and can impact so many facets of your life. Just how can it affect you? It is the determining factor in whether or not a lender will actually lend you money, and it raises the interest rate you have to pay if they do. […]

5 Keys To Obtaining A Good Credit Score Under The New FICO Scoring System

For years, people have been consolidating to personal loans to boost their credit and get away from credit card debt. Now, they might see negative consequences for it. FICO will be updating the way it decides credit scores and the changes will have a big impact on how personal loans are handled. This new system […]

Is it Better to Take a Settlement or Pay off Credit Card Debt?

Dealing with credit card debt is never a fun thing to do. Whether it is small debt from a couple of missed payments or debt that has accrued over time, it is something that can plague you and damage your credit score. Luckily, there are options available to deal with different types of credit card […]

Right Way to Cancel Your Credit Card

You might think canceling a credit card is as easy as cutting it in half or putting it through the shredder. While it might be that easy to physically keep you from using a credit card, there is a lot more that goes into canceling a credit card than just physically disposing of the card. […]

Half of Americans Spend More Than They Earn Per Paycheck

The concept of living paycheck-to-paycheck is not a new one. It’s been a statistic in the public eye for quite sometime. But according to a new study form the Center for Financial Services Innovation (CFSI), nearly half of all Americans of all ages say their expenses meet or exceed their income. A closer look reveals […]

American Credit Card Debt Reaches $1 Trillion

As of April, Americans have reached over $1 trillion in credit card debt. This comes out to about an average monthly balance of $9,600. The increase in interest rates are keeping Americans in debt longer, particularly in cases where a debtor pays only the minimum balance. Debtors who only pay the minimum balance on their […]

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