Get Out of Debt – Money Crashers

Credit Card Statistics — Debt, Fraud, Ownership & More

Brian Martucci — Fri, 10 Feb 2023 18:00:00 +0000

Are there more debit cards or credit cards in the U.S.? What's the percentage of credit card fraud? The answer to one of those questions will surprise you. Satisfy your inner nerd and find out how you compare with these credit card stats.

The post Credit Card Statistics — Debt, Fraud, Ownership & More appeared first on Money Crashers.

How to Get Out of Credit Card Debt Fast – 9-Step Pay-Off Plan

Kelly Ernst — Wed, 14 Dec 2022 12:00:00 +0000

Being in debt sucks. Paying it off can feel intimidating, but it is possible. If you’re struggling with high credit card balances, it's more than possible to pay off your debt once and for all.

The post How to Get Out of Credit Card Debt Fast – 9-Step Pay-Off Plan appeared first on Money Crashers.

Average Credit Card Debt in America – 10 Key Findings

Brian Martucci — Tue, 22 Nov 2022 19:32:25 +0000

Americans’ collective credit card debt balance hit $930 billion in Q3 2022. That’s a $43 billion jump from the previous quarter. The average cardholder now has more than $6,000 in credit card debt, closing in on 2019’s all-time high. But our debt burden isn’t equally shared. Most Americans have no credit card debt at all.

The post Average Credit Card Debt in America – 10 Key Findings appeared first on Money Crashers.

What Is Credit Counseling – How Debt Management Plans Work

Brian Martucci — Fri, 04 Nov 2022 11:00:00 +0000

Whether you’ve dealt with insufficient income and mounting bills for years or face a new, unexpected challenge such as a big medical expense or a lost job, it can be frustrating to watch the interest pile up on your unpaid obligations while wondering how you’re going to make ends meet each month. Fortunately, there are plenty of

The post What Is Credit Counseling – How Debt Management Plans Work appeared first on Money Crashers.

How to Get Medical Debt Off Your Credit Report in 5 Steps

Sarah Sharkey — Fri, 23 Sep 2022 17:00:00 +0000

An unexpected illness or injury can quickly lead to mounting medical costs. Without an emergency fund, it’s easy to fall into medical debt, hurting your budget and credit score. Fortunately, there are several ways to get medical debt off your credit report. Find out which is best for you.

The post How to Get Medical Debt Off Your Credit Report in 5 Steps appeared first on Money Crashers.

5 States That Will Pay Off Your Student Loans for Moving There

Sarah Graves — Thu, 11 Aug 2022 17:00:00 +0000

Moving to a new state to pay off your student loans might sound like a drastic move, but you get to experience a new place and maybe even a lower cost of living or better job opportunities. The only question left to ask yourself is which state to move to.

The post 5 States That Will Pay Off Your Student Loans for Moving There appeared first on Money Crashers.

Chipper App Review – Pay Off Your Student Loan Debt

Sarah Graves — Wed, 20 Jul 2022 15:30:33 +0000

Chipper is a student loan repayment tool that can help you "chip" away at your debt and pay your student loans off faster. But that’s not all it can do. Find out whether you should download it today.

The post Chipper App Review – Pay Off Your Student Loan Debt appeared first on Money Crashers.

Zombie Debt: What It Is and How to Deal with Collectors

Kira Botkin — Tue, 05 Jul 2022 11:00:00 +0000

Most consumer debts have an expiration date, known as the statute of limitations. Generally, you don’t have to pay debts once that date passes. But that doesn’t stop “zombie debt” collectors from trying. Find out how to deal with them when they come calling.

The post Zombie Debt: What It Is and How to Deal with Collectors appeared first on Money Crashers.

Does Medical Debt Affect Your Credit Score?

TJ Porter — Wed, 15 Jun 2022 21:02:00 +0000

Medical bills are a major driver of consumer debt. They can also contribute to financial distress, up to and including bankruptcy. But do they affect your credit score? Learn if, when, and how medical bills could negatively impact your credit.

The post Does Medical Debt Affect Your Credit Score? appeared first on Money Crashers.

The Best Credit Builder Loans for 2024

Brian Martucci — Fri, 01 Apr 2022 13:00:04 +0000

If you have bad credit, limited credit, or no credit history at all, you know the importance of building credit. Credit-builder loans help you establish or rebuild your credit as pay your bills on time. Learn about the best credit-builder loans that are widely available today.

The post The Best Credit Builder Loans for 2024 appeared first on Money Crashers.

8 Alternatives to Debt Settlement for Debt Management and Relief

Amy Livingston — Wed, 23 Mar 2022 17:00:04 +0000

When you’re behind on all your bills and fending off daily calls from debt collectors, debt settlement looks tempting. But settling your debts is time-consuming, potentially costly, and can damage your credit score. Before moving ahead with it, consider the alternatives.

The post 8 Alternatives to Debt Settlement for Debt Management and Relief appeared first on Money Crashers.

How to Calculate Your Monthy Credit Card Interest Charges Based on APR

Brian Martucci — Tue, 22 Mar 2022 11:00:00 +0000

Unpaid balances on credit cards can quickly build on themselves. Knowing the factors that contribute to the interest rate you’re paying is key to lowering your rate. Learn how to calculate your credit card interest rate — and why it’s so important to pay off those balances as quickly as you can.

The post How to Calculate Your Monthy Credit Card Interest Charges Based on APR appeared first on Money Crashers.

8 Apps to Help Pay Off Student Loans

Sarah Graves — Tue, 08 Mar 2022 17:27:43 +0000

Student loan debt can be a huge burden that can take decades to pay off. On the bright side, if you’re looking for a way to pay off your student loans faster, there’s an app for that. These are the best apps to help you pay down your student debt faster.

The post 8 Apps to Help Pay Off Student Loans appeared first on Money Crashers.

How to File Bankruptcy on Student Loans – 7 Steps to Discharge Debt

Sarah Graves — Thu, 03 Mar 2022 14:00:05 +0000

It’s a common myth that you can’t file for bankruptcy on student loans. It isn’t easy and won’t work for everyone. But if you qualify, you could be out of debt sooner than you think. Just follow these steps.

The post How to File Bankruptcy on Student Loans – 7 Steps to Discharge Debt appeared first on Money Crashers.

Debt Snowball vs. Avalanche vs. Snowflake – What’s the Difference?

Amy Livingston — Wed, 23 Feb 2022 14:00:00 +0000

Most Americans know how to pay off debt. You reduce expenses or increase income, then use the extra cash to make bigger payments toward your balances. Learn about three different ways to do this: debt avalanching, debt snowballing, and debt snowflaking.

The post Debt Snowball vs. Avalanche vs. Snowflake – What’s the Difference? appeared first on Money Crashers.

Payoff Review – Get a Personal Loan to Get Out of Credit Card Debt

Brian Martucci — Tue, 25 Jan 2022 12:00:00 +0000

Payoff is an online-only debt consolidation loan provider with a friendly, transparent approach to the dry business of making and managing loans. If you're faced with high-interest credit card balances, Payoff is worth a closer look.

The post Payoff Review – Get a Personal Loan to Get Out of Credit Card Debt appeared first on Money Crashers.

How to Refinance a Personal Loan

TJ Porter — Thu, 06 Jan 2022 14:00:03 +0000

Personal loans are a popular way to borrow money for a variety of purposes. Personal loans can have terms of five years or longer, and a lot can change in that time, so you may want to refinance to change the loan’s term. Learn how to refinance a personal loan and the pros and cons of doing so.

The post How to Refinance a Personal Loan appeared first on Money Crashers.

20 Ways to Pay Off Your Student Loans Faster

Sarah Graves — Mon, 15 Nov 2021 18:00:04 +0000

Wouldn’t it be nice to get rid of your student loan debt sooner than later? Thankfully, tons of strategies can help you pay off student debt faster — and the faster you pay them off, the faster you can get on with the rest of your life.

The post 20 Ways to Pay Off Your Student Loans Faster appeared first on Money Crashers.

When Is Debt Settlement a Good Idea – Disadvantages and How It Works

Amy Livingston — Fri, 12 Nov 2021 14:00:04 +0000

It’s alarming how easy it is to get in over your head with debt. A debt settlement program can help you escape, but it’s not the right choice for everyone. You have to do the math yourself to decide whether settlement is the best solution to your debt problems.

The post When Is Debt Settlement a Good Idea – Disadvantages and How It Works appeared first on Money Crashers.

Accredited Debt Relief Review – Features, Pros and Cons

Brian Martucci — Tue, 09 Nov 2021 22:00:05 +0000

Accredited Debt Relief is a professional debt settlement negotiation service that can help you consolidate multiple monthly payments and settle your unsecured debts for less than you owe. Learn about Accredited Debt Relief and the pros and cons of signing up for its debt relief program.

The post Accredited Debt Relief Review – Features, Pros and Cons appeared first on Money Crashers.