When the COVID-19 pandemic reached America in March 2020, the longest economic expansion in U.S. history ended. Almost every part of the U.S. economy was affected as businesses were shut down or limited to operating at a quarter of what they had been before. Many Americans experienced unemployment or significant financial loss. This dramatic decrease … Continue reading COVID-19 and its Impact on Debt
What is the Debt-to-Income Ratio?
The most important indicators of overall financial health are a good credit score and a solid debt to income ratio. While your debt-to-income ratio does not affect your credit score, it can help determine how comfortable you should be with your current debt amount, and help you decide on how much credit is right for … Continue reading What is the Debt-to-Income Ratio?
What is a Good APR for a Credit Card?
APRs, or annual percentage rates, are important to consider when applying for a credit card. Essentially, an APR is indicative of how much you will have to pay if you miss payments on your card. Average APRs in the U.S. change, admittedly not by extreme margins, and so a ‘good’ APR can vary and depends … Continue reading What is a Good APR for a Credit Card?
How Many Credit Cards Should I Have?
Standard credit card usage can be difficult to determine, as it can vary from person to person. Some people swear off credit cards, while others have healthy or unhealthy relationships with them. Having a credit card has clear benefits but should not be abused. If you are wondering what is right for you when it … Continue reading How Many Credit Cards Should I Have?
What Lenders Don’t Tell You
In order to better understand what people believe to be true about creditor and consumer relationships, one of our partner companies recently published a survey to ask consumers four very simple questions. The results of the survey were truly shocking.
Tried and True Life Hacks (For A Smart Budget)
We consulted with dozens of our recent debt program graduates to ask for some tips and tricks for building a successful budget and keeping expenses in check. Here is their list of our favorite (tested) life hacks for maintaining a smart (and successful) budget:
Why Budgeting Apps Are Great
We get it. Budgeting requires great discipline. One of the hardest parts of managing your finances is building a budget (which our team of debt experts can help you with), but the harder part is following the budget that we help you create.
Prioritizing Our Clients
Focus on client service excellence has paid off big time for us! We were overwhelmed with positive feedback for our client service teams in June. Thank you for taking the time to make us smile! We're excited to be helping more people than ever before with our debt programs designed for a tight budget.
Using Covid-19 Stimulus Check to Pay Down Debt
More than 16 million people are out of a job (while millions more hang onto their jobs in this stressful and uncertain environment), worrying about how to pay bills, rent, debt and make it through the economic downturn, as a result of the coronavirus. Thankfully, Americans are responding to the COVID-19 crisis with wonderful acts … Continue reading Using Covid-19 Stimulus Check to Pay Down Debt
Buying a Car Based on Your Credit Score
So, you want to buy a new car? This can be an exciting or downright stressful experience. There’s dealing with pushy salespeople and shopping around for the perfect ride. However, if you have a good credit score, you may have a more pleasurable car buying experience. Why? Well, because obtaining an auto loan has a … Continue reading Buying a Car Based on Your Credit Score