Category: Debt Advice
And these couples aren’t doing themselves any favors starting their life together saddled with debt. Each week, Consolidated Credit searches for financial research that can help you deal with your… Read full article
Americans have more credit card debt than ever, but four states outspend the others significantly. Learn which state has the most credit card debt and what you can do to pay your part of it off...
Read full article
Federal student loan interest rates are set to increase for the second year in a row on July 1 of this year. Learn what parents and grads can do to keep education borrowing costs low to avoid problems down the road with student loan debt...
Read full article
Is there are correlation between student loans and credit health? A new FICO study suggests that although student loan borrowers don’t always have bad credit scores, having student loans may make overcoming financial challenges much harder...
Read full article
Credit card debt problems are getting worse nationwide, 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
A new survey finds that American workers that hold non-mortgage debt, such as credit card debt, are much less likely to save for retirement. Consolidated Credit explains how to save and pay off debt...
Read full article
A new report finds long term auto loans are getting longer and longer, leading to more time in debt and higher costs due to added interest charges. Do borrowers really benefit from that commitment?..
Read full article
A Texas teacher lost his dream job as a teacher after he defaulted, and Texas isn’t the only state that does this. We detail what states can revoke professional licenses for defaulted student loans...
Read full article
Another interest rate hike by the Federal Reserve means that the cost of debt for consumers just got higher again. WalletHub has revised their map of cities with the most and least sustainable credit card balances. Can you still afford to pay off your debt in a cost-effective way or do you need debt relief?..
Read full article
If you took a trip to the emergency room after an accident, you might be surprised to learn you have a lien that gives the hospital a right to part of any claim you receive. It’s one way hospitals ensure they collect on your medical bills. We explain how to get out of medical debt collections...
Read full article
As tuition costs continue to rise and students graduate with over $35,000 in student loan debt, on average, Congress is currently debating several options that could provide student loan relief to borrowers. But will the measures pass and is it enough to bring down college costs?..
Read full article
The new Federal Reserve Chairman Jerome Powell admits that student loan debt problems hold Americans back and could slow down economic growth. Learn how outstanding student loans can hurt your credit and what solutions you can use to fix your financial situation...
Read full article
A new report finds that American consumers are breaking records with past due debt payments, while businesses are managing to keep up. If the economy is strong, then why are some many families facing collection accounts and credit damage?..
Read full article
There’s good news for student loan borrowers with a permanent disability. New permanent disability student loan forgiveness rules will waive federal income taxes on student loans that qualify for discharge if you are totally and permanently disabled...
Read full article
A new study finds residents in the South may be struggling the most to pay off their credit cards. Each week, Consolidated Credit searches for financial research that can help… Read full article
Americans have record high credit card balances that are often caused by covering daily expenses to make ends meet. We look at reasons for debt and offer helpful tips on how to achieve a balanced budget so you can avoid credit card debt...
Read full article
A new study finds that 2 out of 3 consumers believe they will never be debt free, but that’s not necessarily a bad thing when you consider the difference between good debt vs bad debt. We explain the difference so you can get the right financing for your needs...
Read full article
As we head into 2018, U.S. consumers have record high debt levels, but does it affect all states equally? We look at Experian’s 2017 state of credit report to understand average credit card debt by state and tell you what you can do to get out of debt...
Read full article
Consumer credit card use continues to climb, now beating pre-recession levels of spending. Credit card debt increased by 13% in November alone, leading to an all-time high of $1.023 trillion. Here’s what you can do to pay off your debt...
Read full article
Student loan debt problems don’t affect all demographics equally. Learn who is most likely to default on student loans and what you can do if you’ve defaulted on student debt yourself...
Read full article
If you’ve resolved to live debt free this year, Consolidated Credit has four essential tips for avoiding debt this year. You can also sign up for our Debt Free Living 2018 webinar..
Read full article
A new study by LendEDU finds that student loan payments may be the top gift of 2018. Borrowers would prefer help with student loan debt over Bitcoin and the iPhone X!..
Read full article
A new CFPB report reveals the risk of long term auto loans, showing higher rates of default. We explain the debt management challenges these loans present...
Read full article
Death, war, drowning due to sea level rise – all those fears are nothing compared credit card debt for Millennials. So why Millennials fear debt so much?..
Read full article
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.
