America has a debt problem. The average American has over $90,000 in debt, and many Americans are buried in high-interest credit card debt that seems to grow faster than they can pay it off. Many desperate people resort to payday loans or other high-interest loans and sink even deeper into the debt trap. Credit counseling […]
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It’s always alarming when you see an account you don’t recognize on your credit report — particularly when a balance is listed. Many panic when they see an entry for CBNA because they don’t know what it means. But it’s rarely cause for concern. Key Points CBNA on Your Credit Report Usually Means Citibank Credit
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If you’re struggling with debt, you’re likely also working to maintain a good credit score. Luckily, though building credit can be a slow process, it’s a relatively simple one that doesn’t require spending much money. How to Build Credit: 3 Ways to Use Credit Cards Building credit is a relatively simple process. Rebuilding credit after
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Everyone can use some spare cash, but if you’re hit with a sudden expense and you’re among the 22% of Americans with no emergency savings, having a few tricks up your sleeve may help you avoid an expensive payday loan. These won’t make you rich, but with regular use, you can easily make (or save)
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If your title loan payment is due and you can’t afford to make the payment, the risk of losing your car is high. But refinancing your original loan could offer a clean getaway. Here’s what you should know. How to Refinance a Title Loan Refinancing means replacing a current title loan debt with another to
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Title loans offer quick cash without a credit check. That can be tempting, but it can also be dangerous. Interest and fees are high and you could lose your car. These title loan loopholes could offer a way out. Four Title Loan Loopholes The federal government does not regulate title loans. Federal law only requires
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Title loans are dangerous, predatory loans that can result in borrowers defaulting on the debt and losing their vehicle. If you’ve found yourself the victim of one of these lenders, consider the steps listed below to get back to financial stability as soon as possible. Title loans are almost as bad as payday loans, so
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About 70 million Americans have at least one debt in collections, and depending on the state, they account for 20% to 51% of civil court filings. The debts are usually relatively small: According to the Consumer Financial Protection Bureau (CFPB), the average debt in collections is $382. But that doesn’t make the debts any easier
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Do you have severe debt problems? Are you underwater with credit card debt, have a mortgage you can’t manage, unpaid medical bills, outstanding personal loans, and other unsecured debt, or have your wages garnished? According to statistics from the Administrative Office of the U.S. Courts, the September 2021 annual bankruptcy filings totaled $434,540. Filing for
Types of Bankruptcies Explained: Which (If Any) Fits You? Read More »
Sometimes, your debt becomes so overwhelming that you simply cannot repay it. Bankruptcy offers a financial “do-over,” but it isn’t without serious consequences. What is Bankruptcy? Bankruptcy wipes out all or part of your debt. The cases are handled through the federal court system, using guidelines established by the U.S. Bankruptcy Code. Depending on the
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