Credit is a crucial component of an individual’s personal finances. So, what should you know about credit? It is important that you know certain things about credit no matter what your financial priority is. It can vary from rebuilding credit to working on a debt management plan. A debt management plan can help those who are struggling to pay off credit card debt. A debt management plan can help those who are struggling to pay off credit card debt. What Should You Know About Credit? What Is Credit? Credit is more than just a plastic card you use to make purchases. It is your financial trustw ..read more

Your credit report is a crucial part of your financial performance as an individual. If you’ve ever applied for a credit card, a personal loan, or insurance, there’s a file about you. This file is your credit report. It is chock full of information on where you live, how you pay your bills, settling credit card debt, and whether you’ve been sued or arrested, or have filed for bankruptcy. They use the information to evaluate your applications for credit, insurance, or a lease. Therefore in the case of a dent in your credit report, it is important that you know methods of fixing up you ..read more

Avoiding paying off debt can have numerous negative impacts on your financial situation. Dealing with the situation head-on when you know you will have late payments can help you in the long run. Our debt counselors always recommend taking action sooner rather than later. Creditors will be more willing to work with you to figure out payment options for credit card debt settlement. So what else happens when you are late on your payments? Follow ACCC’s advice if you have late payments. Late Payments – What Really Happens If I Have One? The biggest mistake a consumer can make when it comes to d ..read more

Debt consolidation can be a good option for consumers who are overwhelmed by high interest credit card debt. However, in order to get a better interest rate through consolidation, you need good credit. But what happens to consumers with bad credit? Should they seek alternative options? ACCC explains the pros and cons of consolidating debt with bad credit.  Consolidating debt with bad credit isn’t your only option. Should you consider consolidating debt with bad credit? Debt consolidation involves taking out one loan to pay off multiple unsecured debts. This loan usually has a better int ..read more

With all the financial stresses that come our way, we can always use some help with debt problems. However, identifying what kind of help you need is as big as actually solving the problem. If you head in the wrong direction for debt settlement advice, you are bound to get in deeper trouble than you were originally in. So, what is the best way to consolidate debt? The answer to that question is, that there is no right or wrong answer. The best way to consolidate credit card debt varies by individual. It largely depends on your financial circumstances and preferences. Credit cou ..read more

Living your life debt-free is surely a stress-free way to live your life. However, it is easier said than done. When you are drowning deep in debt you need to search for a responsible way out of it. It can be the debt avalanche method or the snowball method or any other method you think is best. However, you need to find the correct approach to pay off debt and live life debt-free. You need to find the right type of debt relief assistance to help you pay off debt quickly. Essentially, every consumer with a large amount of debt or high credit card balances wants to know just one thing: “Ho ..read more

Debt consolidation is one method some consumers use to pay off their debt. There is no “right” way to pay off debt, and what each consumer chooses depends on their own individual financial  situation. The most important part of decision-making for consumers who are choosing the best method for paying off debt is determining the advantages and disadvantage of each option. ACCC outlines the advantages and disadvantages of debt consolidation: Be fully educated about debt consolidation before choosing it. What is debt consolidation? First things first, what exactly is debt consolidation? De ..read more

Have you gotten to a point where your credit card debt is just too overwhelming to tackle on your own? Unsecured debt consolidation loans are a common way for consumers to get out of debt. Banks and other financial institutions, such as debt consolidation firms, may offer these types of loans. But how exactly do these loans work? Are they the best option for consumers to pay off debt? Unsecured debt consolidation loans aren’t your only option for paying off debt. How does an unsecured debt consolidation loan work? An unsecured debt consolidation loan is a means of combining multiple unsecure ..read more

Trying to pay off thousands of dollars of credit card debt is overwhelming. Luckily, there are several options for debt relief. However, not all of them are equally beneficial. In fact, some of them, like debt settlement, can be downright harmful and hurt your finances more than they help them! We will break down the ins and outs of credit card debt settlement and why we don’t think it’s a good idea: Credit card debt settlement can do more harm than good. Credit Card Debt Settlement: What is it? Before we explain why credit card debt settlement isn’t a good idea, let’s outline what it is exa ..read more

Trying to pay down an overwhelming amount of debt on your own can be stressful. High interest rates, late fees, and juggling other bills and financial commitments can be discouraging for people  trying to become debt free. It may feel like the payments just never end. However, you don’t have to go it alone! There are plenty of resources for those looking for help with credit card debt.  Help with credit card debt is closer than you think. How do you know if you need help? First things first, how do you know if you need help with your credit card debt? Can you only afford to pay the ..read more