Its no secret that many consumers have debt. Even if theyre up-to-date on payments, it may feel like its hard to get ahead of larger balances. Thats why some consumers consider debt relief services. Debt takes on a variety of forms, including credit cards, car loans, bank loans, mortgages or medical bills. Debt relief services…
Before writing for the Strategist, Jenna Milliner-Waddell covered home dcor for Forbes Finds. Now she finds the best-rated products you didnt know you needed, from placemats to puzzles. Photo: Touchstone Pictures If your debt is unmanageable youre drowning in multiple monthly payments, only paying on the interest, or just cant keep track of it all…
Selects editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. In an effort to help younger generations learn how to be debt-free and combat money taboo among the Latinx community,…
Debt consolidation is an umbrella term for combining various debts into a single one. This can be done through a loan, using a balance transfer credit card, or through a specialized agency, among other options. The goal is to make the new debt more manageable by having one lender, one monthly payment and one interest…
GRIFFIN, Ga. (CBS46) — A report by creditcard.com says more than half of America got itself deep into debt during last year’s pandemic. Abasi Kitt did his best to work out a payment plan. Kitt is a Marta Bus driver who accrued over 35,000 dollars in debt. He searched for a debt relief company that…
In March, President Joe Biden signed into law the American Rescue Plan. Included is the Emergency Relief for Farmers of Color Act. It provides $4 billion in debt forgiveness to socially disadvantaged farmers and ranchers whove taken out Farm Service Agency loans. Latresia Wilson is Vice President and Co-Founder of the Florida Chapter of the…
Up to 170 jobs are at risk at the debt advice charity StepChangebecause of reduced demand for its services. The charity has slightly more than 1,500 staff, according to its latest accounts, in offices around the UK. Unite the union said in a statement that the StepChange offices in Leeds and Newcastle upon Tyne would…
Black women were hit the hardest with income loss this year. Whether you lost a job or had to close down your business or downsize your clientele, collectively, the pandemic hit our pockets the hardest. According to U.S. News, Black women had a 6% drop in employment in 2020. That income loss affects how we…
Student federal loan repaymentsand interest on that debthave been paused during the pandemic, thanks to federal COVID-19 relief legislation. As of October 2021, however, some 44 million borrowers who owe an estimated $1.7 trillion will have to start repaying debt that has grown exponentially over the past decade and a half. Many are ill-prepared to…
Financial research website Moneyhub has compiled the 12 ‘Sacred Rules’ of credit cards every cardholder should follow, if they don’t want to fall victim to easy, and expensive, consumer debt. OPINION: Its funny when we mention debt or hear about it in the news, we automatically seem to think it is a bad thing. Dont…
