No one wants to think about bankruptcy, but it can be an important tool for consumers facing financial hardship. The two most common types of bankruptcies for consumers are Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, a consumer’s non-exempt assets are liquidated and the proceeds used to clear most of the consumer’s […]
Prosper’s guide on how to use a credit card responsibly will help you get all the benefits of credit card usage without the drawbacks.
Since the federal government reacted to the arrival of COVID in early 2020 and to the rampant unemployment and financial strife that followed, more than 20 million people with student loan debt have been allowed to pause their payments. President Biden even extended this postponement of payments through September 2021, offering an elongated breather to […]
According to Experian’s 2019 Consumer Credit Review, 75% of American consumers with credit cards carry an average balance of over $6,000. And the impacts can be financially devastating. Credit cards can be enticing, offering not only the ability to buy now and pay later, but also a bevy of rewards like cashback and airline miles. […]
As the pandemic takes its toll on our economy, our unemployment rate and your personal financial wellness, there is no better time to figure out what debt to pay off first, especially if you are already on a limited budget. As we prepare for what is being called “the coronavirus recession”, there are steps you […]
Unemployed and looking for ways to borrow money? We’ll reveal what options you have when it comes to accessing emergency loans with no job.