Debt Management

  When you have debt, rising inflation and high credit card interest rates can only make paying that debt off harder. As of the end of March, inflation had risen to 3.5%, while credit card interest rates continued to be high at 24.66% as of April. But rising costs make paying off debt even more […]

Like many people, if you’re struggling with debt, you might struggle to decide how to get out of it. Two options to consider are a debt management plan (DMP) or debt settlement. However, debt settlement is risky, and you’re more likely to pay off your debt without damaging your credit score with a debt management

If you have debt to pay off in the new year, knowing your options for repayment is important to make the right decision. Debt consolidation loans and debt management programs (DMP) are both designed to make it easier to pay off your debt. However, it’s important to consider the differences between the two options and

If you have credit card debt, you’re not alone in the struggle to pay it down. In the third quarter of 2024, active credit card accounts only making the minimum payment reached a 12-year high. That’s not surprising given high inflation and the average credit card interest rate hovering at 20.10% as of February. If

Between high interest rates and inflation, paying down debt or your regular monthly expenses can be hard. Credit card and student loan debt can add a new dynamic to your monthly budget. However, as garnishing wages for those who default on federal student loans is scheduled to resume this summer, it’s crucial to establish a

Carrying debt can feel like a constant burden that’s hard to shake—especially with high interest rates. While different debt relief options are available, each comes with its own set of considerations. What is Debt Relief? Debt relief refers to strategies or programs that help you reduce or restructure the amount of debt you owe. This

When you’re in a financial emergency, getting the money you need immediately can seem like the No. 1 priority. But it’s exactly this vulnerability that predatory lenders are looking to leverage. Knowing what to look for and understanding that you have other options is critical to your financial well-being.  If you’re considering how to handle