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.
Read full article
consumer debt(Page2)
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.
Read full article
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.
Read full article
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.
Read full article
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?
Read full article
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.
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?
Read full article
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.
Read full article
What Causes America’s High Credit Card Balances?
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
Check Your Paychecks This Month
The Republican tax bill won’t affect your filing this year, but you may see tax benefits as soon as February 2018. According to the U.S. Treasury, about 90% of people will see more take-home income this month as the reform reduces how much is taken out of your paycheck. Here’s what you need to know…
Read full article
Good Debt vs Bad Debt
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
Credit Card Use Continues to Climb
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
4 Essential Steps for Debt Free Living in 2018
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
Millennials Fear Debt More Than Dying
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
Don’t Play the Credit Card Balance Shuffle
Trying to game the credit system to achieve a higher score can seem like a great idea, but one wrong move could land you in a heap of credit card debt.
Read full article
What is Unpaid Credit Card Debt Costing You?
Nearly half of Americans carry unpaid credit card balances for more than two years. We calculate the cost of credit card interest charges over two years.
Read full article
How Many Credit Cards Do You Have?
In answering the question, “How many credit cards do you have?” the real question should be, “Do you have one card too many?” Find the answer here!
Read full article
Don’t be Fooled by Deferred Interest!
Deferred interest promotions offer great advantages when you buy, but people often get blindsided by higher costs once the promotion period ends.
Read full article
How Do You Decide Which Debt to Pay First?
A new study finds people will stop paying their mortgage before an auto loan or even personal loans. So, how should you decide which debt to pay first?
Read full article
Revolver vs. Transactor: What Kind of Credit User are You?
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.
Read full article
Statute of Limitations on Debt
Arizona increased the statute of limitation on debt collections for credit card debt. Learn about the debt clock and when it starts where you live.
Read full article
Feeling Debt Shy?
A new survey consumers are feeling debt shy and don’t intend to take on new debt this year as a result. Here’s what to do about the debt you already have.
Read full article
Good News in Personal Finance
In spite of approaching $1 trillion in credit card debt and being over $1 trillion in student loan debt, there’s some good news in personal finance, too.
Read full article
