U.S. Consumer Debt Breaks Records in the Pandemic Aftermath
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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debt problems
What’s the Best Debt Solution for You?
Sign up for a free webinar about choosing the best debt relief solution for you. Then discover a few different ways you can be debt-free.
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Experts Respond: How Should People Handle Debt after a Loss of Income?
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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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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Disaster Relief Hotline for Hurricane Victims
Consolidated Credit has a toll-free hotline to offer free disaster relief to victims of Hurricane Michael who face challenges debt after the storm.
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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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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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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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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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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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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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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.
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Who is Most Likely to Default on Student Loans?
Student loan debt problems don’t affect all demographics equally. Learn who is most likely to default on student loans and what you can do if you’ve defaulted on student debt yourself.
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Revealing the Risk of Long Term Auto Loans
A new CFPB report reveals the risk of long term auto loans, showing higher rates of default. We explain the debt management challenges these loans present.
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Don’t Get Caught by a Deficiency Judgment
You might think repossession and foreclosure are the end of the trouble once you default, but you don’t get caught unaware by a deficiency judgment.
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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?
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Student Loan Default Now Even Worse for Your Finances
The Department of Education just changed the rules on student loan late fees. Just one student loan default could cost you significantly more now.
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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.
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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.
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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.
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Seniors’ Student Debt Burden
A new report finds seniors’ student debt burden has more than doubled in the past decade. We explain what seniors can do to eliminate student debt.
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Feeling the Threat of Debt Collectors
A new report finds one in four consumers felt threatened during a collection call. Here’s what you can do to avoid the threat of debt collectors.
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