A credit card is an extremely common way to secure an emergency source of cash, earn miles for travel, or build credit for future purchases, including a car or home. However, nothing’s more stressful than getting stuck with multiple credit cards with varying balances and added pressure from collectors. In such cases, it’s best to refinance credit debts. Although refinancing to pay off debt won’t instantly solve your problems, it ensures you’re well on your way to becoming debt-free. Let’s take a closer look at the benefits this strategy offers. Benefits of Refinancing Credit Card Debt It Help ..read more

A credit card allows consumers to purchase goods and services by borrowing money from the issuer. After borrowing money, the consumer pays it back in full or monthly installments. While getting a credit card offers convenience, if the consumer’s credit card debt is out of hand, they may require help with credit card debt.   Options for Credit Card Debt Relief Credit Card Balance Transfer If the user’s credit card balances are racking up high-interest charges, but their FICO score is still good, a balance transfer card may be an option. In such cases, they can take out a credit card ..read more

Everyone needs money to shop, get a car, or buy a property. As much as people love the convenience of electronic wallets, cash, or checks, some situations require a more secure payment, such as money orders that consumers use as an alternative to checks. While some people may have heard about it from a friend, others learned about it from free debt counseling sessions they’ve previously had. If you’re thinking of using money orders, we’ve pulled together everything you need to know about them. What are Money Orders? The government or banking institution issues certificates called money orders ..read more

Having zero credit card debt is far better than having no credit card debt at all. However, having a small, consistent amount may be, surprisingly, good for your credit score. You see, lenders are looking for responsible credit card usage. If they can see you having consistent, timely payments, you are less risky to lend to. But how can you tell when your credit card debt might benefit from credit card counseling? Here are some of the basics.  You Have High Balances on Your Credit Cards  To determine if you may need credit card counseling, check out our 43/30/10 guidelines:  Hi ..read more

Have you ever found yourself short when paying the monthly bills? Has your credit card company recently raised your minimum payment and/or raised your interest rate sky high (watch for it, it’s coming like inflation)? Have you found yourself making regularly healthy payments to the credit card company only to see that the balance just keeps growing, and growing? If so, you may do not know who to turn to. We do.   This is where free credit counseling steps in. Free credit counseling is available through non-profit debt help companies like ours.  Let’s dive into the details of cre ..read more

Payday loans have always been marketed as a quick and convenient way for people to get cash between paychecks. Although payday lenders may go after anyone, they usually target traditionally vulnerable populations such as: low-income families, those without a college degree, renters, divorced or separated individuals. Frankly, anyone struggling to pay a bill, like a car loan, may find themselves needing payday loan help.   Moreover, some individuals are just trying to make their monthly car payment on time but paycheck timing is too many days too late. If dismal credit scores prevent ..read more

Many Americans rely on their credit cards for everyday purchases. While it can be a helpful financial resource, it’s also one of the easiest to misuse. If you can’t make the required monthly repayments, you’ll most likely be in considerable debt. When paying off your credit card balance, you might skip the option to refinance credit card debt and pay only the minimum monthly payments. This begs the question: should you pay only the minimum monthly credit card repayments, or is it smarter to pay more or in full each month? While paying only the minimum amount can be tempting, going this route c ..read more

Looking to finance a car, buy a house, or consolidate debt? Debt-to-income ratio determines the likelihood of finding a lender. For this reason, estimating this number in advance of a loan application where it is used best. Besides giving the applicant an idea of the risk of having too much debt, the debt-to-income ratio helps lenders predict whether or not the borrower is in danger of defaulting on credit lines and loans in the future. Free debt counseling will give you a better understanding of DTI importance. Frequently Asked Questions About Debt-to-Income Ratio – Answered! What Is It? Deb ..read more

With the US inflation rate reaching as high as 8.26%, the economy faces tremendous effects on the prices of everyday items. While inflation carries good residual effects, we can’t deny that a lot will suffer the cruelty of its consequences. Hence, it might be best to undergo a credit report workshop for those eyeing to apply for loans to continue to get by. How Can Inflation Affect Money? Reduced Purchase Power “The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.” That means that with a high inflation rate ..read more

Millions of Americans lean on their credit cards to keep up with soaring prices across the board for daily expenses. Those who face a mountain of credit card debt, especially people with bad credit, resort to payday loans. While these loans are easy to get, they come at a high cost. For this reason, financial experts recommend payday loan debt consolidation to avoid sinking further into debt. Understanding Consumer Habits and Spending A habit is a behavior that becomes automatic through repetition. Moreover, habits are shortcuts the brain creates to shorten the amount of time-consuming delibe ..read more