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.
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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.
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5 Good Reasons to Call Your Credit Card Company
A credit card company wants your business, so they’re usually willing to give you certain money-saving perks for sticking with them. Learn how you can turn customer loyalty into more credit card rewards, cut annual fees and lower interest rates.
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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.
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Two Major Creditors Scale Back on Customer Credit Card Limits
Credit card companies set credit card limits based on your score, but your credit limit may also change for other reasons. Here’s what you need to know.
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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.
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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.
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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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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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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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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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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.
Read full article 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?
Read full article 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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