We're a nation that loves debt. According to CNBC, the average American has $26,000 in debt (not including their mortgage). High-interest debt can be suffocating and prevent you from reaching your financial goals. If you're underwater, financial freedom feels like it will take far too long to … [Read more...] about 9 Proven Ways to Pay off Debt Faster This Year
There are as many ways to pay off debt as there are to live, and everyone seems to have their favorite way to do it.
When you’re trying to become debt-free, knowing your options is as important as knowing which one will best fit your lifestyle and personal preferences. Instead of proclaiming one method as superior to the others, we share tips to pay off credit cards, eliminate student loans, and achieve financial freedom from multiple perspectives. Get started here.
33 Signs You’re Financially Stable
I remember the trip to Target like it was yesterday. My wife and I were trying to decide between dental floss and aluminum foil. As newlyweds who were still paying off my debt, we had no breathing room. We were not the picture of financial stability. Being financially stable means one thing – … [Read more...] about 33 Signs You’re Financially Stable
7 Best Unsecured Loans to Consolidate Debt
Unsecured loans can be useful when it comes to eliminating your debt. While the best unsecured personal loans vary, they all help you pay off debt faster. When you get out of debt fast, it helps you achieve financial freedom and live the life you want. You may not know where to go to find … [Read more...] about 7 Best Unsecured Loans to Consolidate Debt
Coronavirus Mortgage and Rent Relief: What Help is Available?
We’re about a month into our new normal with coronavirus. The pandemic is seemingly impacting most people in many ways, most notably financially. One area affecting many people right now is rent and/mortgage payments. Those bills are due and many people aren’t sure how to pay them right … [Read more...] about Coronavirus Mortgage and Rent Relief: What Help is Available?
What if I Can’t Pay My Bills This Month?
We are living in unprecedented times. Thanks to the fallout of the coronavirus pandemic, a significant number of people find themselves out of work, or working fewer hours at a minimum. This leaves many people asking themselves “What if I can’t pay my bills this month?” When you need help paying … [Read more...] about What if I Can’t Pay My Bills This Month?
Credible Review: Easily Refinance Student Loans
Being in debt makes it hard to pay your other bills. Refinancing your loans for a lower interest rate is an easy way to get out of debt sooner. Credible is one of the quickest ways to find the lowest rate and monthly payment by comparing multiple lenders. Lower interest rates can also mean a … [Read more...] about Credible Review: Easily Refinance Student Loans
25 Ways to Get Your Finances Back on Track Right Now
Before I began paying off my debt, I was constantly reminded of one thing – I was stuck in a vicious cycle. No sooner did breathing room appear than it would vanish into thin air. Payday came and went, and all my money was gone. If you feel the same way, it is possible to get your finances back on … [Read more...] about 25 Ways to Get Your Finances Back on Track Right Now
Why Did My Credit Score Drop Suddenly?
Have you ever paid off a credit card only to see your credit score go down? You’re not alone. Credit scores aren’t perfect but when we see our credit score go down for no reason, it causes stress for most people. After all, it's not usually good to see your credit score drop. Wanting to have a … [Read more...] about Why Did My Credit Score Drop Suddenly?
5 Ways to Lower Your Interest Rate and Kill Debt for Good
At the beginning of the year, many have the same goal – to pay off debt. One of the fastest ways to kill debt is to lower your interest rate on your credit card, or other consumer debt. Reducing your interest rate can slash years off your debt repayment journey, allowing you to reach freedom … [Read more...] about 5 Ways to Lower Your Interest Rate and Kill Debt for Good
8 Best Alternatives to Bankruptcy: Kill Debt for Good!
Sometimes we find ourselves in a financial pinch and we try to consider every way possible out of our current situation. If you have overwhelming debt, you might think bankruptcy is a good option. In the case of Chapter 7 bankruptcy, this may rid you of your debt for good. However, Chapter 13 … [Read more...] about 8 Best Alternatives to Bankruptcy: Kill Debt for Good!
How to Pay off Debt Fast on a Low Income: 6 Ways to Kill Debt for Good
It's not always easy to know how to pay off debt fast on a low income. At the beginning of my pay off debt journey, I was working a minimum wage job, and the $50,000+ number felt so staggering. I had no idea how to pay off debt quickly on a low income and felt like giving up before I even … [Read more...] about How to Pay off Debt Fast on a Low Income: 6 Ways to Kill Debt for Good
5 Best Credit Repair Companies to Fix Your Credit [2021 Update]
Bad credit makes life difficult since you might pay higher interest rates and insurance prices. You may even have a harder time getting a job. Luckily, credit repair companies can help fix your credit if you don't have time to do it yourself. These services can negotiate with debt collectors on … [Read more...] about 5 Best Credit Repair Companies to Fix Your Credit [2021 Update]
