2020 Financial Scares (And Their Cures)
This was a spooky year for personal finance. Learn how to remedy your 2020 financial scares and get connected with someone who can help...Read full article
Category: Debt Advice
Expert debt advice that helps you take control of your financial world.
Managing debt is an essential skill for financial stability. But with record-levels of consumer debt in the U.S. many households struggle to stay ahead of their obligations. Consolidated Credit’s certified team of experts specializes in understanding today’s financial landscape so we can help people navigate it effectively.
The articles in this section tackle today’s biggest debt challenges, offering advice for how to get ahead. We offer practical debt advice for home, auto, student loans and (of course) high interest rate credit cards. If you need to find debt relief, visit Consolidated Credit’s Debt Solutions Guide.
Americans Adjust Their Credit Habits as a Result of the Pandemic
Even as Americans focus on paying down revolving debt, millions are relying on credit cards to address income challenges during the pandemic...Read full article
U.S. Household Debt Drops During COVID
Consumers cut down to the essentials and focus on paying off the debt they already have. For the first time in six years, U.S. households have reduced their debt in… Read full article
Experts Respond: How Should People Handle Debt after a Loss of Income?
As millions of Americans try to deal with income losses amidst coronavirus shutdowns, we asked 21 experts for their tips on how people should handle debt...Read full article
How Can I Save Money While I’m in Debt?
Saving money can’t wait for you to be debt free. We asked 18 experts for their tips on how to save money while you’re in debt, so you can start saving now...Read full article
Student Loan Reform: Repaying Student Loans May Get Easier in 2020
Get the latest updates on student loan reform proposals currently being debated on Capitol Hill. Will these provide student debt relief for millions of Americans?..Read full article
Hindsight is 2020: How to learn from money mistakes
Even experts make money mistakes. Learn from our panel about money missteps and how you can learn from them and move forward...Read full article
Veterans to Qualify Automatically for Permanent Disability Student Loan Forgiveness
Veterans will now qualify automatically for permanent disability student loan forgiveness, as well as tax exemption on the discharged debt. Learn more here...Read full article
What Happens When the Fed Lowers Interest Rates?
When the Fed lower interest rates, it affects your ability to save and pay off debt. Learn what to do following the latest Federal Reserve announcement...Read full article
Is Your Debt-to-Income Ratio Telling You It’s Time to Get Debt Help?
Debt-to-income ratio is a tool that lenders use to assess your debt, but it can also clue you into knowing when it’s time to get debt help. Learn how here...Read full article
Consumer Credit Card Debt Breaks Records… Again.
It’s official. Consumers ended 2018 with a record $870 billion in credit card debt. If you have high balances to pay, Consolidated Credit has some advice...Read full article
A Snapshot of Credit Card Debt by State in 2019
Total debt and the number of delinquent accounts are both climbing. We look at average credit card debt by state and offer tips to eliminate debt...Read full article
Who Has the Worst Average Credit Card Debt in America?
The average credit card debt in America is getting worse, but the increases are not equal everywhere. We look at the cities with the fastest growing credit card balances and offer advice on how to pay off debt fast...Read full article
Figuring out the Finances of the Government Shutdown
The FDIC has issued a statement and offered financial advice for federal employees affected by the government shutdown, specifically furloughed homeowners...Read full article
What to Do If You Receive an Unexpected Emergency Room Bill
If you go to an in-network ER, but you get treated by an out-of-network ER doctor, it can lead to major unexpected emergency room bills for you to cover...Read full article
Going into Debt After a Cancer Diagnosis
If you went into debt after a cancer diagnosis, you’re not alone. Learn about debt relief options so you can regain control and focus on your health...Read full article
Millennials’ Biggest Source of Debt Might Surprise You
You might think that most Millennials struggle the most with student loans, but a new study reveals that their biggest source of debt is credit cards...Read full article
Understanding the Rate Hike Impact on Your Debt and Savings
We help clients enrolled Consolidated Credit’s relief program understand the Federal Reserve rate hike impact on their credit card debt, loans and savings...Read full article
How to Avoid Having an Application for Student Loan Forgiveness Denied
99% of borrowers that applied for Public Service Loan Forgiveness have had their loan forgiveness denied. We explain how to ensure your PSLF is approved...Read full article
Are You on a Yo-Yo Diet of Debt Repayment?
Americans paid off $40.6 billion of debt in the first quarter but added $30 billion back in the next. Are you on a yo-yo diet of credit card debt repayment?..Read full article
Understanding the Effects of Missed Payments
If you have credit cards, the impact of missed payments can be massive. Here’s what you can expect for budget and credit if you miss a credit card payment...Read full article
Reducing the High Cost of Credit Card Debt
Consumers pay over $100 billion every year on credit card interest charges and fees. We explain how to minimize the high cost of credit card debt...Read full article
Which State Has the Highest Student Loan Debt?
A new study from WalletHub explores which state has the highest student loan debt and which borrowers have the biggest student debt burden...Read full article
Dealing with Debt Caused by Domestic and Economic Abuse
Domestic abuse survivors often amass debt getting out of a relationship or from economic abuse. Consolidated Credit helps victims pay off their debt...Read full article
