If you are struggling with credit card debt, you are not alone; many Americans are burdened by it. According to a Federal Reserve Bank of New York report, credit card balances were 15% higher in the third quarter of 2022 than in the third quarter of 2021, the most significant year-over-year increase in over two …
Continue reading “How to Pay Off Credit Card Debt: Your Guide to Financial Freedom“
When you need financial help for something that came up rather abruptly – a medical emergency, a pet getting sick, or car trouble – and you don’t have the funds for it, payday loans and personal loans can help. Both do not require any collateral. However, they are different in a way that one of …
Continue reading “Payday Loans vs. Personal Loans: Why One Is Always a Better Option Than the Other“
Many Americans today face financial struggles, including affording food and medical care. In fact, a survey conducted by NPR in 2021 revealed that 40% of Americans face financial difficulties. In times like these, one might wonder how to get ahead financially. Is it even a possibility? What does it mean to get ahead financially, anyway? …
The global pandemic brought to light that several people in the US struggle to pay for unexpected expenses. For example, the Federal Reserve reported that in November 2020, one in three Americans would be unable to pay an unexpected expense amounting to $400. Unexpected events, especially the big ones, inevitably affect your finances. Below are …
On average, an American has a debt of $90,460. This includes all types of consumer debt — credit cards, personal loans, student debt, and mortgages. The average American millennial has $87,448 in debt, while the average Gen X person has $140,643. People from Generation X have the highest debt on average. Big ticket items like …
Continue reading “Smart Amortization Strategies You Should Know”
Your credit score is the central number that financial institutions check before they lend you money, and if you’re looking to get a mortgage or a personal loan, you’ll know that you can’t do this without a good credit score. But do you know how you can build a good credit score? And do you …
Do you need some extra money to finance some significant event in your life? Whether it’s for a big vacation or a home renovation, an unsecured personal loan can give you the relief you need. It is one of the most straightforward loan options that you can get to help in a time of need. …
Continue reading “Unsecured Personal Loans: What is it and How Does it Work”
When you apply for a personal loan, the usual process involves you receiving a loan offer that details everything within the contract. Personal loans are a great financial tool that you can use for almost anything you would need. This is why it’s essential to know what’s in the offer and get the most out …
Continue reading “6 Steps to Personal Loan Offer Evaluation”