If you’re like the average American who has thousands of dollars in credit card debt, you might be considering a credit card balance transfer. Such offers can be a real solution for lowering your credit card interest rate and paying off your balance sooner; however, there are some caveats to those benefits that you need […]
When it comes to debt, you’ll discover plenty of conventional wisdom and old wives’ tales floating around. But should you believe everything you hear? Definitely not. In fact, some of the most common beliefs about debt are actually myths. When it comes to paying off debt, it’s important to know the ins and outs of […]
Maybe you’re planning to make a big purchase, start a home improvement project, or consolidate existing debt. As you consider potential options for borrowing the funds you need, you might be wondering about credit cards vs personal loans. Both choices are popular, but they certainly aren’t identical. Here we’ll compare the two options across five […]
Credit cards are convenient and popular—76% of Americans have at least one—but have you ever stopped to consider how much your credit cards really cost? Your credit cards might be a more expensive way to borrow money than you realize, putting you on a path toward overwhelming debt and a declining credit score. The answer to how much credit cards truly cost depends on two main costs: fees and interest.
Protecting your credit health during the holidays can be a challenge. While we look forward to giving gifts to our loved ones, the cost of travel, entertainment and of course gifts for everyone on your list can add up fast. And if you’re not careful, this can impact your credit health long after the holidays are over.
If you are like the majority of Americans, you have a mound of debt that you are eager to pay off. In fact, the New York Federal Reserve released a report that the total household debt for Americans reached $12.73 trillion in 2017, surpassing the 2008 peak. Yikes!