All articles tagged Debt (page 2)

What is the Average Credit Card Debt in American Households?

What is the Average Credit Card Debt in American Households?

No matter what you received under the tree, the average American adult started the new year with the gift that keeps on giving: credit card debt. In fact, more than two-thirds of shoppers used credit cards to finance their holiday purchases in 2017, which means many of us started 2018 with more than $1,000 in extra credit card debt. And that's hardly all the credit card debt Americans are dealing with in 2018. Collectively, the total revolving debt in the US has topped $1.011... read more »

9 Best Ways to Pay Off Credit Card Debt from Debt Expert Beverly Harzog

9 Best Ways to Pay Off Credit Card Debt from Debt Expert Beverly Harzog

The convenience and rewards offered by credit cards have made them one of America's favorite ways to pay. But an important thing happens if you start to mistake that little piece of plastic for free money: you end up with a big ole heap of credit card debt. That's what happened to Beverly Harzog many years ago, when the first of her many cards was canceled and she had to face her debt reality. “That was my rock-bottom moment," Beverly described. "From that moment on, I vowed I... read more »

Credit Counselling Society: A Nonprofit Advocating on Behalf of Consumers to Address & Improve Canadian’s Financial Situations

Credit Counselling Society: A Nonprofit Advocating on Behalf of Consumers to Address & Improve Canadian’s Financial Situations

In a Nutshell: Since 1996, Canada’s largest network of credit counselors, the Credit Counselling Society, has helped hundreds of thousands of clients achieve financial literacy and climb out of debt with solutions tailored to their individual circumstances. Committed to providing educational resources and tools, CCS looks to solve financial problems at the root, which often tends to be due to a lack of financial literacy. As partners on the journey to financial wellness, CCS is in... read more »

LSS Financial Counseling: Expert Guidance Helps You Pay Off Credit Card Debt Through Individualized, Cost-Efficient Repayment Plans

LSS Financial Counseling: Expert Guidance Helps You Pay Off Credit Card Debt Through Individualized, Cost-Efficient Repayment Plans

In a Nutshell: Credit card debt is, unfortunately, about as American as apple pie, and in August of 2017, the Federal Reserve reported the highest collective debt in history. People often bear the burden of debt with shame and overwhelming confusion. That’s why organizations, like Minnesota-based LSS Financial Counseling, specialize in such crucial services. The nonprofit’s financial counselors help people wade the waters of student loans, foreclosure prevention, and credit scores,... read more »

How Consolidated Credit’s Debt Management Program Helps Lower Your Credit Card Interest and Pay Off Your Debts in 3 to 5 Years

How Consolidated Credit’s Debt Management Program Helps Lower Your Credit Card Interest and Pay Off Your Debts in 3 to 5 Years

In a Nutshell: Combined credit card debt in the US is now over $1 trillion, which means more than a few Americans could use some help in getting out of the red. Consolidated Credit is a nonprofit that steps in when people need it most. Although it provides people with other types of financial advice on topics like purchasing homes and building savings, Consolidated Credit is best known for working with people to pay off credit card debt and reduce the high interest rates that often... read more »

Get Out of Debt and Into Earnings: GreenPath™ Guides Your Financial Journey, Helping You Pay Off Loans and Reach Your Financial Goals

Get Out of Debt and Into Earnings: GreenPath™ Guides Your Financial Journey, Helping You Pay Off Loans and Reach Your Financial Goals

In a Nutshell: GreenPath was born as a budgeting and financial education service out of the Michigan Credit Union League in 1961. A decade later, it was already expanding into other states, and today, it has offices in 18 states, at 60 different locations, with more than 450 employees. Although founded to help people through financial crises, the nonprofit has expanded its focus to help people achieve their financial goals. Its team of experts in various areas of finance, including... read more »

StepChange — How the UK’s Leading Debt Charity Helps Britons Get Back on Track with Customized Phone and Online Advice

StepChange — How the UK’s Leading Debt Charity Helps Britons Get Back on Track with Customized Phone and Online Advice

In a Nutshell: While overspending can certainly be an issue, debt problems are often triggered by unforeseen circumstances, like sudden job loss or a medical emergency. According to StepChange Debt Charity, 2.9 million people in the UK are struggling with severe debt problems right now, and more than 9 million others are showing signs of financial distress. With a focus on helping Britons overcome these massive debt issues, StepChange offers advice and provides borrowers solutions... read more »

Bills.com: Educational Resources & Tools that Help Americans Understand Their Options for Getting Out of Debt & Improving Credit

Bills.com: Educational Resources & Tools that Help Americans Understand Their Options for Getting Out of Debt & Improving Credit

In a Nutshell: Consumer debt remains one of the biggest challenges many Americans face in their struggle for financial freedom. Consider that the average household with credit card debt pays nearly $1,300 per year in interest payments alone. Bills.com is a consumer finance portal that provides tips and advice designed to help consumers understand their options for handling debt, improving their credit score, and even finding the best mortgage. Using tools like Debt Navigator and Money... read more »

10 Best Credit Cards After Bankruptcy Discharge – (Rebuild Credit)

10 Best Credit Cards After Bankruptcy Discharge – (Rebuild Credit)

While no one likes to admit defeat, sometimes our debts simply get the better of us and bankruptcy may become the only option for a better financial future. Unfortunately, your credit will see lasting negative impacts from a bankruptcy, but you can repair your credit with some hard work -- and a lot of patience. One of the first steps you should take after your bankruptcy is complete is to check all three of your credit reports. Make sure all of the accounts that were affected by... read more »

Rescue Your Finances: Beverly Harzog’s “The Debt Escape Plan” Shows You How to Live Debt-Free

Rescue Your Finances: Beverly Harzog’s “The Debt Escape Plan” Shows You How to Live Debt-Free

In a Nutshell: Beverly Harzog wrote The Debt Escape Plan for people weighed down by credit card debt. If you've made some mistakes in the past or want to know how to prepare for the future, you can learn from Beverly's experience ridding herself of $20,000 of credit card debt. This former credit-card junkie now gives valuable advice on how to eliminate debt and raise credit scores. A Money Personality Quiz narrows down your particular approach to money so that Beverly can offer... read more »