Keeping track of your bills is important for many reasons. Organizing your bills can help you avoid late fees and make sure you don’t unintentionally damage your credit score. One of the best ways to track your monthly bills is to make a home bill organizer which keeps all your bills in one place and …

It is increasingly likely that many Americans will enter retirement with some form of credit card debt. The average credit card debt among U.S. households in 2017 was $6,375, with the average credit card debt of those just entering retirement age at $7,550, according to Experian’s annual study on the state of credit and debt …

Using retirement funds to pay off your debt can sometimes be the most financially sound course of action, and sometimes it can lead to more problems down the road. When using money that you withdraw early from a 410(k), IRA or other retirement assets to pay down any debt you may have incurred, you need …

As parents, we try to prepare our children for the world. We pass on concepts like the importance of education and the power of charity work. When it comes to more taboo subjects, it can be challenging to get the conversation started. One such taboo talking point is money, especially debt and savings. It is …

If you have a full-time job, you’re spending 40 hours or more at your place of work every week. This is a substantial amount of your personal time. These hours can begin to feel wasted when you live paycheck to paycheck, making no progress towards paying off your debt or other financial goals. Many believe …

Bad credit can happen to anyone. Too many credit cards or late payments can send your credit score tumbling. Unfortunately, these costly mistakes make achieving larger life goals, like owning a home, difficult. If this is your situation, you have options. Purchasing a home with bad credit is challenging but not impossible. A potential homeowner …

When you apply for bankruptcy, the widespread effects on your life can be greater than you imagine. You may be aware of the negative impact on your credit score and credit report, but bankruptcy can also halt any loans payments received through a reverse mortgage. For many older homeowners, a reverse mortgage is a substantial …

There is never a good time to lose your job unexpectedly. When paychecks stop, regular payments that seemed manageable can quickly feel insurmountable. Those who suffer from the growing weight of credit card debt have an added anxiety. Each missed payment creates more debt and negatively impacts your credit score. You may become unsure of …

Purchasing a car unlocks the open road, and with that, a whole new world of possibilities. Your vehicle may give you a sense of freedom, but it can also trap you in debt. An automobile purchase is one of the largest investments in many consumers’ lives. It should be done carefully and with the proper …

Debt Settlement Does Not Apply to: Mortgages Auto Loans Student Loans The Dangers of Debt Settlement The Center for Responsible Lending offers that most people seeking debt settlement would need a minimum of four accounts to find any benefit from the process. Moreover, working with a debt settlement doesn’t offer any guarantees. Not all lenders …