Consumer Debt
In the years following the Great Recession, consumer debt has steadily risen. Even as the economy has recovered a little bit here and there, our household debt has a way to go in terms of catching up. We’ve lost a job and it’s still been hard to find a new one. We have medical bills that are impossible to pay, credit card debt that continues to mount, or our homes are about to go into foreclosure. With family members struggling just as equally, it can seem like there’s nowhere else to turn. However, we do have options. Bankruptcy may be one of them. Learn more about consumer debt and bankruptcy from the National Bankruptcy Forum.
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Posted by: Walter Metzen
Beware of These Common Debt Collection Scams
Americans are piling up the credit card debt, just as many believe the economy is headed towards a recession. With credit card debt in the US reaching the trillion dollar mark, aggressive debt collection tactics will be on the rise. While debt collection is a legitimate tool to recover money that is owed to lenders,…
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Posted by: Walter Metzen
The 5 Best Credit Cards for Rebuilding Your Credit
If you have a low credit score, it probably either means you’re just starting to build your credit as a young adult, or you’ve been unable to pay bills, been sent to collections, and your score has consequently taken a dive. If you’re a young person, credit card companies are probably banging down your door…
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Posted by: Erik Clark
5 Personal Finance Moves to Make Before You’re 30
Life after college can be an overwhelming and emotional process. We get our first “real” jobs after spending a few years racking up student loan debt, and then it’s on to possibly looking into buying a home and starting a family. By the time we’re nearing our mid- to late-20s, we wonder: Where has all…
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Posted by: Walter Metzen
Will the IRS Really Forgive Most of My Tax Debt?
There are plenty of commercials on TV claiming it’s easy to get tax debt forgiven by the IRS. But, you know what they say – if it sounds too good to be true, it probably is. Be careful. There are excellent tax attorneys who may be able to work a deal with the tax man….
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Posted by: Walter Metzen
7 Ways to Tackle Holiday Debt
The holidays are over, and the bills are now rolling in. According to Magnify Money, Americans racked up an average of $1,381 in debts during the record breaking 2020 shopping season. It can take months or even years to pay that off on your credit cards. If you have a card with a rate of…
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Posted by: Erik Clark
Best Personal Finance Apps
It seems today that there’s an app for everything. And that’s mostly true! For those of us with busy lives, it can be difficult to keep track of email, appointments, and even our more mundane tasks, like paying bills or managing our finances. The world of online banking, while overall accepted despite some security and…
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