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.
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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?
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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.
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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.
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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.
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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.
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Do You Know Your Annual Interest Rates?
Half of credit card users that carry at least one credit card balance don’t know their annual interest rates, which means they’re probably overpaying.
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Are Gas Cards Still a Good Value in 2018?
As gas prices increase and interest rates on gas cards rise, is it still wise to use a co-branded gas credit card to fill up? Some experts say no.
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Are Store Credit Cards Bad?
A new trend in increased credit card delinquencies on store credit cards reveals two good reasons why you might want to think twice before opening a in-store credit card. Consolidated Credit explains how to decide if store credit cards are a bad idea for your finances.
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74% of Americans are Getting Married with Debt
Three out of four couples will use credit to finance their wedding, with an average price tag of $33,391. We explore why getting married with debt is a fast way to ruin your relationship and offer tips on how to enjoy a debt-free wedding.
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One More Good Reason You Don’t Need Credit
For more than two decades, attractive rewards programs have been a big reason that many consumers turn to credit cards at checkout. But as banks scale back credit card rewards and increase debit card rewards, this trend may be changing.
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Student Loan Interest Rates Set to Rise Again for 2018-2019
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.
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Is There a Tie between Student Loans and Credit Health?
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.
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When is the Right Time to Retire Old Credit Cards?
20 million people haven’t changed their primary credit card in 10 years, but are old credit cards effective or is it time for an update? Learn what to do with old accounts to avoid credit damage.
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Are Long Term Auto Loans the Best Commitment?
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?
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What States Can Revoke Professional Licenses for Defaulted Student Loans?
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.
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Can You Afford the Cost of Debt?
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?
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Don’t Loan Credit Cards!
If you thought lending money to family was a bad idea, consider that 36 million Americans admit they’ve run into trouble when they decided to loan credit cards to friends and family. Learn why it’s a bad idea and what you can do instead to help someone out.
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Dealing with Medical Debt Collections and Accident Liens
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.
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12% of Americans Had a Credit Card Declined Last Year
One in ten Americans had a credit card declined last year, but embarrassment is really the least of your worries if it happens to you. Learn why cardholders experienced a declined credit card last year and what you can do to avoid it.
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Are Student Loan Debt Problems Holding You Back?
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.
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Past Due Debt Payments at an All-Time High
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?
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Which Cities are Home to the Highest Credit Card Debt?
A study of 25 metropolitan areas in the U.S.Cities shows thoese with the highest credit card debt take longer to pay it off. Is your city on the list?
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Big Changes Coming to Credit Cards Offering 0 Interest on Balance Transfers
As consumer debt levels continue to break records, driven by credit card debt, many households may turn to balance transfer credit cards to consolidate. However, new changes in credit cards offering 0 interest on balance transfers could make this type of consolidation less beneficial.
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