Tagged: Managing Debt

Debt Consolidation Vs. Bankruptcy: Which Should You Choose?

TL;DR: Debt consolidation and bankruptcy are two options for debt relief available to you. Bankruptcy involves discharging or restructuring all your debts—but it stays on your credit report for seven to ten years. It’s generally considered a last resort when no other debt relief options are available. Debt consolidation means consolidating multiple older debts into… Read More

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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Between Santa shenanigans, special foods, long-distance travel and treats, holiday spending adds up quickly—and so does holiday debt. In 2019, shoppers in the US spent 3.4% more than they did in 2018. Unsurprisingly, they also ended up owing 8% more—roughly $1,325 per adult in 2019 versus just over $1,000 per adult in 2018. Unfortunately, holiday… Read More

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Don’t Let Debt Ruin the Holidays: Proactive Steps

According to numbers for the 2018 holiday shopping season, American shoppers incurred an average debt of just over $1,000. And not everyone could pay that debt off quickly, leading to expensive, long-term credit card debt for some. But holiday shopping debt isn’t the only financial burden people face. Many enter the season with other debt…. Read More

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9 Apps That Will Help You Manage Your Debt

Debt can feel like a terrible thing, but paying off your debts is how you demonstrate that you can successfully manage your finances. Whether you make your debt payments on time makes up 35% of your credit score. Making on-time payments is one of the smartest ways to use your debt to your advantage. If… Read More

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Can Debt Collectors Call on Holidays?

When you’re in debt, getting calls from debt collectors is common. But can debt collectors call on holidays? Although there are no regulations that specifically make calling on holidays illegal, there are regulations that prohibit debt collectors from contacting consumers at unusual or known inconvenient times.  Find out more about the answer to this common… Read More

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