Credit cards can lead to serious debt issues. When you carry a balance, unless you have a promotion, you will have interest added on when you fail to pay the balance in full on the due date. Interest adds to what you owe, and it can add up quickly. Good credit use...

Applying for credit can help you make major purchases, such as a new car or a home, but is sometimes a daunting task, especially when your credit score is not as high as you would like. According to CNBC, securing credit and loans are now more difficult to secure for...

Millions of Americans find themselves mired in credit card debt that can severely impact their credit scores and the opportunity to secure the ability to make major purchases, such as a vehicle or a home, in the future. The credit reporting company Experian notes that...

Having significant debt is a challenging situation, but can it actually affect mental health? In 2021, researchers conducted a study on the effects of financial difficulty on mental health. The National Library of Medicine published the results. How do financial...

Paying for the items you use every day has undoubtedly become a struggle in the past couple of years. After all, even though many Americans have received pay increases, inflation has wiped out any meaningful economic gains. Indeed, according to reporting from CNBC,...

Many people struggle with credit card debt, but options exist for them to regain control of their finances. According to CNBC.com, the average balance for credit card holders across the U.S. exceeds $6,100. Considering all the options available to them may help people...

If you struggle with credit card debt, you may feel a sense of dread when the debt collectors start calling. The U.S. News explains that about 40% of Americans deal with debt collectors once a year. While debt collectors can sue you if they represent a legitimate...

Credit card debt is notoriously difficult to pay off because of high-interest rates. With the Federal Reserve set to increase rates, it is about to get more difficult for many consumers. How are interest rate hikes likely to impact credit card debt? Federal Reserve...

Social media has exploded in popularity over the past few years. In fact, according to the University of Maine, roughly 4.48 billion people worldwide currently use social media to connect with friends, relatives and even strangers. In 2015, that number was slightly...

Credit card debt serves as one of the most common forms of debt in the country, with many people suffering from it at all ages and walks of life. Getting out of this debt can set your life in a better direction. However, the most important thing is knowing what to do...