Five years ago, economists predicted that American consumer debt would rise to $3 trillion before the end of the decade. As the year 2018 comes to a close, that debt is reaching $4 trillion. At the beginning of 2018, credit card debt was at an estimated $1 trillion. Other deficits, like student loans, added up…
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For many consumers, the invention of the credit card was a godsend. Whether the purchase was compulsory or necessary, consumers were able to use a simple plastic card to make that bargain with little hassle. In the modern era, that simplicity makes it easy to overspend, if you’re not thinking about it. Traditionally, banks present…
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After graduating college and acquiring a job, you start participating in the mad hustle of life. Paying for rent or a mortgage, your car, and your student loans is difficult. With any job, you’re likely barely keeping afloat, and when you lose that job, the situation suddenly begins to look very bleak. You’re unemployed. With…
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Dealerships often rely on credit scores and financial history to determine if a person is liable to make their car payments. After all, they don’t want to sell a car to someone who isn’t going to pay for it. You may have had a bit of financial difficulty in the past, or you may be…
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If you’re facing a series of credit card bills that you can’t pay back, then you may be looking for options to help you reduce the burden. One of those tempting alternatives may be credit card debt forgiveness. While the idea that there’s an agency that will magically remove your debt or even just a…
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Cosigning a credit card or loan allows the bank to pursue you for payments when the other person cannot. Unless the other person can demonstrate that they can handle it alone, banks typically won’t allow you to remove your name. If you’ve cosigned for a loved one, removing your name will be difficult, but it…
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The most famous travel destinations in the world are both unique and expensive. You must consider the cost of airfare, lodging, transportation, activities, and food. Many travelers rely on credit cards and personal loans to finance a trip, but before taking off to a new location, you should research all potential expenses and consider the…
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Nearly everyone in the US has a credit card and relies on a good credit score to be able to live a financially healthy life. With this in mind, many people believe that they’re better off financially because they stay totally debt free, and don’t have any obligations on their cards. While having debt may…
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Serious delinquency on a credit card payment is known as credit card default. This status will affect your relationship with the current card issuer and your ability to receive future credit offers. It also lowers your credit score, impacting your ability to rent apartments, secure loans, and may even keep you from buying a car.…
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Would you like to be fiscally fit? No matter how old you are, these five tips offer a basic concept of good financial habits that will set you up for success. While budgeting your money and being self-disciplined can be difficult, it is essential for financial prosperity. Automate Your Savings To ensure that you can…
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. Heather Weis | Benveniste Law Offices