Managing debts is the reality of life for most of us. Managing multiple debts with various due dates, interest rates, and payment amounts can be challenging, and expensive. If you miss just one payment, you can pay a hefty late fee and even get a ding on your credit. There are several popular personal debt … Read more
Are you feeling overwhelmed by debt? Whether you owe $10,000, $25,000, or more, there’s no question that too many debt payments can stress us out and leave nothing left to live. Many Americans with too much debt take advantage of debt consolidation to get their debts under control so they can start living again. It’s … Read more
When facing overwhelming debt, individuals may consider filing for bankruptcy as a solution to gain financial relief and a fresh start. Many consumers have taken out personal loans to consolidate credit card debt but for many reason are unable to make their payment. One common concern during this process is whether a personal loan can … Read more
Buying a home is a fulfilling dream for many American consumers, but it can be challenging to achieve when burdened with substantial debt. Debt consolidation is often viewed as a potential solution for those looking to buy a home, but it’s essential to understand how different debt consolidation methods could help you or hinder you … Read more
Home equity can be a valuable financial resource for homeowners looking to consolidate or eliminate debt. By leveraging the equity built in a property, individuals can access funds at relatively lower interest rates compared to credit cards or personal loans. Thousands of homeowners reduce their debt burdens by consolidating credit card debt with a simple … Read more
Many Americans want to buy a home, which involves getting a mortgage for most of us. A potential obstacle to being a homeowner, however, is having too much debt. When you have a lot of debt on credit cards, car loans, and student loans, it raises your debt-to-income (DTI) percentage, which can make it more … Read more
As of August 2025, total U.S. consumer debt has surpassed $17 trillion, with credit card balances alone exceeding $1.1 trillion, according to recent Federal Reserve data. In an era of economic uncertainty, where inflation persists and job markets fluctuate, many Americans find themselves grappling with overwhelming debt. For people drowning in unsecured debts like credit … Read more
If you are one of the people in the country who struggle with high-interest debt, you are not alone! Interest rates on credit cards in 2024 often top 20%, making it difficult for many people to afford more than minimum payments. But minimum payments may barely dent the principal, making it impossible to pay off … Read more
Navigating the financial complexities of owning and operating a business can be challenging, particularly when debts start to pile up. Small Business Administration (SBA) loans often provide essential support for business owners, offering favorable terms and helping them grow their enterprises. However, what happens when a business faces insurmountable financial difficulties? Can SBA loans be … Read more
Many Americans want to buy a home. But many Americans also carry credit card debt. You may wonder if you can have credit card debt and get a mortgage. In most cases, the answer is yes, but you should understand how consumer debt can affect your ability to get a mortgage. Borrowers want to know … Read more