In this economy, many of us are in the same boat: tiny paychecks and big expenses. Unexpected emergencies – such as medical crises, broken appliances, home or car damage, etc. – can make this situation so much worse. As a result, many Americans find themselves living paycheck to paycheck with lots of debt and poor … Continue reading How to Get Out of Debt With No Money and Bad Credit
What is Credit Card Churning?
Credit card churning is basically cheating the credit system. Through this strategy, you can potentially get credit card rewards like miles, points, and cash back. In a perfect world, free money has absolutely no downsides. But unfortunately, we live in an imperfect world where things like credit card churning can get you into major financial … Continue reading What is Credit Card Churning?
How to Find Apartments That Accept Bankruptcies
Paying rent is, unfortunately, a part of life. Finding apartments that accept bankruptcies can be difficult, especially as you’re trying to rebuild your credit. This task is not impossible, but it may feel that way at times. This can feel like a daunting task for people who are unfamiliar with how bankruptcy affects credit and … Continue reading How to Find Apartments That Accept Bankruptcies
How Much Credit Card Debt is Too Much?
Credit cards are the most common example of revolving debt. As a child or teen, credit cards seem like a source of free money with absolutely no strings attached. This can’t be further from the truth. If you’re constantly living outside your means and charging your card, you’ll very quickly find yourself in a dire … Continue reading How Much Credit Card Debt is Too Much?
Chapter 7 and Social Security Income
If you’re drowning in credit card debt, debt from medical bills, or if you have any other unsecured debts, then filing bankruptcy can help relieve some of the stress. However, if you’re also living on a fixed income that’s funded from Social Security benefits, you may be thinking about Chapter 7 and social security income. … Continue reading Chapter 7 and Social Security Income
Mistakes That Can Lead to Bankruptcy
Financial management is a life skill that can’t be overstated. Poor financial management mixed with unexpected tragedies can leave you with a mountain of debt that keeps piling up. In this blog, we’ll talk about some common mistakes that can lead to bankruptcy and how to avoid them. We’ll also talk about how filing for … Continue reading Mistakes That Can Lead to Bankruptcy
Bankruptcy Dismissal vs. Discharge
Bankruptcy can be a reset button for many families, but the process isn’t as easy as pressing a button. Bankruptcy courts have strict rules and regulations that you have to follow when it comes to filing for bankruptcy. Following these rules can mean the bankruptcy court grants a discharge. If these rules are violated, the … Continue reading Bankruptcy Dismissal vs. Discharge
What Credit Score is Needed to Buy a Car?
Buying a car is a big decision to make. Reliable transportation can expand your education and employment opportunities. Transportation can also give you the freedom you need to pursue the life you want to live. The average cost of a vehicle at the end of 2021 was over $47,000. Used cars cost an average of … Continue reading What Credit Score is Needed to Buy a Car?
Credit Card Refinancing vs. Debt Consolidation
If you feel like you’re drowning in credit card debt, you’re certainly not alone. In the last quarter of 2020, Americans shared a grand total of $820 billion in credit card debt. Additionally, the average American has at least $5,000 in credit card debt. These are huge, scary numbers. The good news is that there … Continue reading Credit Card Refinancing vs. Debt Consolidation
Student Loan Forgiveness 2022
In August 2022, President Biden announced student loan forgiveness for millions of low and middle income borrowers who are facing significant financial hardship. Additionally, Biden announced a plan to address the widespread student debt crisis in the United States. Even still, many Americans don’t qualify for relief or will have thousands of dollars left in … Continue reading Student Loan Forgiveness 2022