People experiencing financial distress often feel at a loss for how to beat the cycle of debt. If you have accumulated bills you cannot pay or are struggling under increasing debt, it may be a good idea to file for bankruptcy. However, filing for bankruptcy comes with...
Whether you’re starting a business or looking to grow one, you’re most likely going to need some form of credit. A business credit card is a popular tool for owners who need quick access to cash. On the other hand, a business line of credit could also be a good...
Paying off a credit card is a great feeling and frequently the first step to financial freedom. However, you may think to yourself: “What next?” Should you keep the card open or close it entirely? It may be tempting to leave it open as an emergency fund, but the...
As the COVID-19 pandemic continues to impact communities across the world, countless individuals are facing a reduction in income or complete job loss. As a result, many people are struggling to keep up with their student loans, mortgage payments, credit card bills,...
The COVID-19 pandemic has brought about a host of hardships and changes. Rapid declines in credit card debt are just one of the many effects of pandemic-caused financial insecurity. In response to widespread economic uncertainty, consumers are spending less and...
A recent concern within the credit card industry is the growing number of “charge-offs” that are occurring at small banks. A charge-off is where a creditor declares that an amount of debt is not likely to be collected. This occurs when a consumer becomes delinquent on...