How to Pay Off a Debt in Collections
Being in debt is stressful enough, but when the calls and letters begin arriving from debt collection agencies, the anxiety level can really get turned up. If you’ve fallen behind and perhaps even lost track of what you owe – and to whom – you may not even realize...
What Happens When Credit Card Deferments Run Out?
Approximately a year ago, the first round of government stimulus checks was about to hit millions of Americans’ bank accounts. Increased unemployment benefits were approved and lenders and creditors provided deferments on mortgage and credit card payments to hold off...
Understanding the 2021 Child Tax Credit Expansion
The Coronavirus pandemic ushered in a number of federal economic relief packages to Americans over the course of the last year. One of those is the Child Tax Credit Expansion, which will begin sending payments to approximately thirty-nine million American households...
Debt Settlement Explained
In the last year, the pandemic has caused all kinds of financial hardships for millions of Americans. Prior to COVID, 56% of Americans said that debt was negatively impacting their life, and since then, 51 million Americans have increased their credit card debt as a...
Manage Debt for Your Marriage’s Sake
Most couples enter relationships with some form of debt. Of these couples, 40% say that finances negatively affect their relationship. Worse, couples don’t always agree on who is responsible for what debt. These cases are perhaps most common in marriages, as married...
How to Deal With Debt Collectors When You Can’t Pay
According to a study by the Urban Institute, approximately 71 million Americans have some kind of debt in collections status. That’s over one-third of the U.S. population. What that indicates is that debt in America is big business, and debt collection agents are not...
Why People Stay in Debt
If you’re serious about getting your finances into great shape, you have to be serious about getting out of debt. For the vast majority of Americans, debt is a normal, accepted part of life. But it really shouldn’t be. Without a focused debt reduction plan, most...
What to Include in Your Estate Planning
The idea of sitting down to determine who will inherit your assets after you’re gone admittedly is not as exciting as planning a vacation, but estate planning is a critical component of responsible money management. At its core, estate planning is about protecting...
Creating a Financial Plan For Yourself
A new year brings new goals, dreams, and resolutions. If one of yours is to take control of your money and achieve your financial goals, then one of the first places to start is to have a financial plan. On the surface, financial planning sounds like a concept...
Best Resources For Managing Your Finances
Managing your money is the cornerstone to building long-term wealth, and the first step in doing so is to get organized. Many people have great intentions with their money, but still, feel intimidated about the topic. Managing your money doesn’t have to be difficult...