consumer debt

Revolver vs. Transactor: What Kind of Credit User are You?

Posted on December 11, 2024 by | Meghan Alard (3-minute read)

We compare the credit habits of revolver vs transactor cardholders so you can see the difference and choose the right credit management strategy for you.

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What is Inflation and How Can You Get Ahead of Rising Costs?

Posted on December 11, 2024 by | Meghan Alard (5-minute read)

Keeping up with rising prices on a tight budget is stressful. We explain the reason for rising costs and ways you can combat inflation.

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It’s Time for Your 2024 Fall Financial Checkup

Posted on September 7, 2024 by | Meghan Alard (8-minute read)

There are eight key areas of your finances that you need to check in your 2024 fall financial checkup. Get your finances right before the end of year.

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Understanding the Rate Hike Impact on Your Debt and Savings

Posted on May 4, 2022 by | Meghan Alard (8-minute read)

The Federal Reserve just raised interest rates again this year. We explain the rate hike impact on loans, credit cards, and saving products.

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U.S. Consumer Debt Breaks Records in the Pandemic Aftermath

Posted on November 23, 2021 by | April Lewis-Parks (6-minute read)

Consumer debt has risen to record levels, fueled by mortgages and credit cards. One of those is good debt, the other isn’t. Here’s what to do about it.

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Adjusting Your Budget as You Return to Work

Posted on August 12, 2021 by | April Lewis-Parks (6-minute read)

More employees are getting called back to the office. Maintain your budget and avoid debt by following these cost-saving measures as you return to work.

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Survey: Consolidated Credit Clients are Financially Surviving the Pandemic

Posted on December 31, 2020 by | April Lewis-Parks (3-minute read)

A survey finds that Consolidated Credit clients are more likely to be in a better financial position and more optimistic about 2021 money prospects.

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Americans May Face a Crisis with Past Due Debt

Posted on December 14, 2020 by | Meghan Alard (4-minute read)

Experts predict that credit card defaults and delinquencies will increase in 2021 once stimulus runs out. Here’s how to get ahead of past-due debt.

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Americans Adjust Their Credit Habits as a Result of the Pandemic

Posted on October 12, 2020 by | Meghan Alard (6-minute read)

Even as Americans focus on paying down revolving debt, millions are relying on credit cards to address income challenges during the pandemic.

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Bring America Back: Setting a Financial Recovery Plan

Posted on June 1, 2020 by | Meghan Alard (3-minute read)

Consolidated Credit is helping Bring America Back with free credit counseling. Customize a recovery plan to pay off debt with no initial account setup fees.

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What Happens After Forbearance or a Payment Deferral?

Posted on May 11, 2020 by | Meghan Alard (4-minute read)

Getting a payment deferral or forbearance can be a lifesaver, but there are some things you need to know to protect your credit and avoid financial issues.

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Experts Respond: How Should People Handle Debt after a Loss of Income?

Posted on May 11, 2020 by | April Lewis-Parks (25-minute read)

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.

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Consolidated Credit Establishes COVID-19 Financial Help Hotline

Posted on April 10, 2020 by | Meghan Alard (3-minute read)

Consolidated Credit has established a free COVID-19 debt hotline for consumers facing challenges during the shutdown. Call for 800-745-2513 for support.

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New FICO Credit Score Changes: Some Will Soar, Other Will Crash

Posted on February 11, 2020 by | April Lewis-Parks (3-minute read)

Learn how the latest credit score changes with FICO 10 will affect people who are working to pay off credit card debt, and those using consolidation loans.

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Is Your Debt-to-Income Ratio Telling You It’s Time to Get Debt Help?

Posted on July 8, 2019 by | April Lewis-Parks (4-minute read)

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.

Posted on March 19, 2019 by | Meghan Alard (6-minute read)

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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A Snapshot of Credit Card Debt by State in 2019

Posted on February 15, 2019 by | April Lewis-Parks (4-minute read)

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.

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Two Major Creditors Scale Back on Customer Credit Card Limits

Posted on November 12, 2018 by | Meghan Alard (9-minute read)

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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Millennials’ Biggest Source of Debt Might Surprise You

Posted on October 5, 2018 by | April Lewis-Parks (4-minute read)

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

Posted on September 28, 2018 by | Meghan Alard (5-minute read)

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?

Posted on September 14, 2018 by | Meghan Alard (3-minute read)

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

Posted on September 7, 2018 by | Meghan Alard (7-minute read)

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

Posted on August 6, 2018 by | Meghan Alard (6-minute read)

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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Do You Know Your Annual Interest Rates?

Posted on July 6, 2018 by | Meghan Alard (5-minute read)

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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