Rebecca Stumpf

Rebecca Stumpf's first credit card had a $500 credit limit and came with a free t-shirt. Since then, she's traveled to 50+ countries using credit card points and miles. Before joining the staff at Credit Summit, she spent more than 20 years as an editor for The Dallas Morning News.

National Debt Relief Screwed Me: Next Steps and How to Protect Yourself

National Debt Relief is a well-known and accredited debt settlement company.  Its debt settlement program works like this — customers with about $10,000 or more in unpaid debts who sign a contract with NDR will be asked to stop making debt payments until a debt settlement agreement has been reached. Instead of making payments toward …

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Pros and Cons of Debt Consolidation: Is It Worth the Effort?

Personal loans have been rising in the U.S. over the past decade. According to TransUnion, the total outstanding personal loan debt in the United States is $143 billion. What’s the reason for the sudden increase? Debt consolidation. According to one recent study, 39.7% of loan applicants with high credit scores used their personal loans to …

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Payday Alternative Loans: Why PALs Are Better than Payday Loans

Today, there are about 23,000 payday lenders — twice the number of McDonald’s restaurants in the United States — across the country. These lenders prey on people who need money immediately and don’t have time to seek out better options. But there’s a better alternative. Before you hit “Apply Now” for that payday loan, consider …

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Debt Settlement Fees: You Don’t Pay Until Your Debts are Settled

If you’re struggling to keep up with credit card payments, medical bills, payday loans and other unsecured debts, you may feel like you’re drowning. Debt settlement could be the answer. But how much are the fees for debt settlement? And will you have to pay anything upfront? Let’s take a look. How Much Do Debt …

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8 Effective Ways to Consolidate Credit Card Debt

Millions of Americans carry balances on several credit cards, juggling payments and watching interest spiral out of control. That’s a problem. Consolidating your credit cards may be the solution.  But does it make sense for your financial situation? That will depend on how much you owe, your income, your credit score, your commitment to paying …

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Feeling Crushed by Debt? The Avalanche Method Could Help You Break Free

The formation of an avalanche is called the Starting Point.  They begin slowly and can quickly spiral out of control, making it difficult to escape – just like your personal debt. The hardest part of getting out of debt is finding your starting point. Debt avalanche could be the debt repayment method to keep you …

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8 Best Debt Relief Companies to Get the Help You Need

Americans racked up more than $180 billion in credit card debt in 2022. If you’re losing sleep over paying your credit card bills or the debt collectors are hounding you, it’s time to get relief.  Best Debt Relief Programs Credit Summit researched dozens of debt relief companies and their programs based on customer service, debt …

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