Credit card debt, especially across multiple cards, can be one of the most debilitating forms of debt. Roughly 54% of Americans struggle with credit card debt, damaging their credit scores and leading to financial headaches. But with a solid plan, you can get that debt under control, sometimes without even paying it all. To learn […]
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Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make money from advertisements, or when you contact a company through our platform. If you’re struggling to make your payments each month and don’t have enough cash to make it to payday, debt consolidation could be a
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Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make money from advertisements, or when you contact a company through our platform. Credit card issuers are not likely to offer outright credit card debt forgiveness. They are in business to make money and don’t make money
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Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make money from advertisements, or when you contact a company through our platform. Being buried in a mountain of debt can lead to anxiety and depression, increasing headaches, affecting sleeping patterns, and impacting a person’s ability to
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Did you know that one of the main reasons people file for bankruptcy is because they are buried in medical bills? The 2020 SIPP survey suggests Americans’ collective medical debt totaled at least $195 billion in 2019. According to a Forbes report, half of Americans now carry medical debt, up from 46% in 2020. That
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Good credit plays an essential role in your financial life. It is necessary to qualify for a loan or get a credit card and for things like getting cellular telephone service, renting a car, and perhaps even getting a job. Your credit history and credit scores are your purchasing power. It’s not possible to stress
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Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make money from advertisements, or when you contact a company through our platform. Did you know that the average American family has $6000+ in credit card debt, and the total outstanding consumer debt is $4.2 trillion? Do
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In 2021, the credit repair industry in the United States was worth $3.4 billion. Around one-third of all American consumers have found at least one error on their credit report. The errors can range from simple misspellings to incorrectly reported bankruptcies. Some errors can bring your entire credit score down, thus making it difficult to
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You’ve just gotten home from work and sat down to dinner, and the phone rings. The caller says he can help you repair your bad credit and offers the promise of getting it back up to par. Do not fall for it. Before turning to a potential scammer posing as a credit repair organization for
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Having bad credit or no credit can complicate your financial life. Even with a reliable income but no credit history, you will be deemed a risk because you don’t yet have a track record. A lack of credit can result in trouble finding a place to live, inability to get a car loan, or paying
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