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...Read full article
Tag: debt collections
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...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
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...Read full article
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...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
Delinquent Cars and Credit Cards
A new report shows an increase in the number of delinquent auto loans and credit cards. We explain what delinquent debt is and how you can overcome it...Read full article
United We Stand in Debt
A new infographic compares consumer debt levels in red and blue states, but the real conclusion is we all have too much debt, regardless of politics...Read full article
Not Out of the Woods with Student Loan Debt
The CFPB estimates that one in three rehabilitated student loan borrowers is at risk of re-defaulting on their student loan debt in the next 2 years...Read full article
HELOC Domino Effect
A study finds missed payments on a Home Equity Line of Credit (HELOC) often lead to other delinquencies with primary mortgages and credit card debt...Read full article
