This author has yet to write their bio.Meanwhile lets just say that we are proud Elyssa Carlos contributed a whooping 53 entries.
Your credit score can impact your entire financial future. It can determine where you live and what you drive. It can control your access to things like banking accounts, credit cards, loans, insurance, and sometimes even jobs. Having a decent credit score is a necessity in the U.S. but how is credit score calculated? What […]
Sometimes debt becomes so unmanageable that bankruptcy appears to be the only solution. While bankruptcy seems like a fresh start, you should know and understand the process and consequences before going through with it. What is Bankruptcy? There are two common types of bankruptcy – Chapter 7 and Chapter 13. Chapter 7 bankruptcy is the […]
Higher inflation rates have meant inflated interest rates on credit card debt, making it nearly impossible to make a dent in account balances. When credit card debt has become too much to manage, you might wonder what options are available without having to resort to extreme measures. One of the more popular options is using […]
When we face large sums of debt, we might be familiar with the term debt collection. Debt collection is when a third-party collection agency tries to collect past-due debt from borrowers. What you may not know is that in order for your debt to reach the collections step, it must first be charged off. Here’s […]
With higher interest rates, now is the time to get serious about your finances. At least some of your income should be going towards savings or debt, and both if your budget will allow it. Here are some financial resolutions you can make for 2023. Reevaluate (Or Create) Your Budget When was the last time […]
Student loan forgiveness is still up in the air with multiple lawsuits attempting to block the passage of Biden’s order to cancel up to $20,000 per borrower. Now it seems it might be best to consider alternative actions in case the courts continue to block loan forgiveness. One option is student loan consolidation, which essentially […]
With interest rates at their highest levels in over a decade, the question of renting versus buying a home has become a hot topic. Choosing which option works best for you will depend on different factors like your financial situation, lifestyle, and goals. Renting a Home Renting offers many benefits. It allows greater flexibility […]
One of the top financial questions asked is “Should I put my extra money toward paying off my debt or savings?” The answer can vary depending on your current financial situation and the current state of the economy. In any case, it is important to find a balance between the two. Priority #1: Build Up […]
Credit cards are usually the first step to establishing credit. Without this first step, it would be nearly impossible to qualify for larger purchases, like auto loans, mortgages, and more. While it’s true that credit cards have become almost a necessity in our financial growth or even survival, misuse of them can lead to a huge financial burden. […]
There is no one-size-fits-all debt elimination plan. There are several strategies that can be useful when trying to pay down debt under your current financial situation. Here is a brief overview of these strategies that can help you determine the best way to create your own debt elimination plan. Debt Snowball The debt snowball strategy […]
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