Did you know that the average amount of credit card debt in an American household is over $16,000? That’s one of the main reasons that credit cards have become one of the worst financial problems you can face. Worse yet, the longer you wait to handle your credit card debt problem, the bigger that debt…
When Should You Refinance Your Home?
When facing foreclosure, refinancing your home can act as an alternative to bankruptcy. It’s also often easier than obtaining the original loan was. You already own the property, plus, if you’ve owned it for a considerable amount of time, you likely have equity. This does not, unfortunately, mean that it will be significantly cheaper. For…
The 3 Best Ways to Get Out of Debt
These days, most people experience financial problems of some sort. Learning how to get out of debt is an imperative area in getting your finances under control. Regardless of whether you are currently in debt, these tips can help you to better regulate your finances. The Best Ways to Get Out of Debt Put together…
How Do You Raise Your Credit Score?
Credit scores take into account years of past financial decisions, not only your current ones. It’s a lot like losing weight. If you want to raise your credit score, it’s about building the right habits and doing the little things right, not making any one huge shift. Here are some steps that, when maintained, can…
5 Myths About Bankruptcy (and How They're Wrong)
You may feel like filing for bankruptcy is the lowest place you could be, but it’s just not true, and you aren’t alone. Well over a million Americans file for bankruptcy each year, yet most people don’t know much about bankruptcy. Let’s separate the facts from the fiction. The Most Common Myths About Bankruptcy Bankruptcy…
Should I Start Preparing for Christmas 2017 Now to Avoid Holiday Debt?
As we make our way through another holiday season, the last thing many of us want to think about is next Christmas. However, that may be exactly what we need to be doing to help us avoid racking up holiday debt in 2017. In the midst of the holiday season, or even leading up to…
5 Good Money Habits for Your New Year’s Resolution
When 2017 comes around, you might notice a lot of your friends hitting the gym for a new year’s resolution. While this isn’t a bad idea, you might consider doing something a little less conventional. Building smart money habits can be a great way to make 2017 a better year. Here’s a look at how…
Should You Ever Use Retirement Savings to Pay Off Debt?
When you are in a pinch, it might seem like dipping into retirement savings is the best way to pay off debt. Usually, this isn’t the case. Why You Shouldn’t Pay Off Debt with Your Retirement Savings It might be possible to pay off another way: If you are looking at a sizable, but not…
Do You Qualify for These Student Loan Forgiveness Programs?
Student loans are one of the biggest burdens on the American economy. There are tens of millions of borrowers with more than a trillion dollars in total outstanding debt. Paying these debts can be a serious drain on your finances. Many don’t know that there are programs out there that will help you eliminate debt…
How to Keep a Budget During the Holidays
Many Americans know how tough it can be to keep a budget during the holidays. While these celebrations are supposed to be about family and togetherness, there is also a major pressure to spend. If things are already somewhat tight financially, it might be tempting to break out the credit cards, only to wake up…
