Key takeaways You could be facing a debt problem if over 15 percent of your monthly gross income goes towards paying your non-mortgage debts. Relying on credit to pay for everyday expenses, consistently only making minimum payments, not having savings and increasing balances are all warning signs of having too much debt. Credit counseling, debt…
Nobody should have to worry about being able to afford critical health care, Gov. Philip D. Murphy said in his sixth-annual State of the State address. Gov. Philip D. Murphy of New Jersey embraced proposals to make it easier to build affordable housing and cut out-of-pocket expenses for abortions in his annual State of the…
If you’re not sure whether it’s time to get professional debt help, there are clear indicators that you may want to consider it. Getty Images/iStockphoto When it comes to debt, it can be tempting to ignore the signs that you’re in over your head. After all, nobody sets out to rack up significant amounts of…
Debt consolidation is worth considering if you are drowning in debt and all the interest you’re paying isn’t helping. However, debt consolidation only works when you have a plan in place to ensure its success, and when you can avoid the common pitfalls that come with taking out another loan to pay off existing bills.…
Using credit cards responsibly can be one of the very best ways to earn good credit. The two most important factors in determining your credit score are your payment history and your credit utilization ratio, which measures how much of your available credit you have used. This means if you get a credit card, charge…
Tim Robberts/GettyImages; Illustration by Hunter Newton/Bankrate More credit cardholders are carrying card balances from month to month, a recent Bankrate credit card debt survey finds. In November 2023, 49 percent of cardholders fell into this credit card debt revolver category up from 39 percent in 2021 and 47 percent in July 2023. This finding comes…
(InvestigateTV) Isabel Patterson self-admittedly struggles with her finances. Ive not historically been great with financial matters, which is why I got into debt, Patterson said. In total, Patterson found herself with more than $25,000 in credit card debt. That, coupled with her mothers encouragement, is why after moving from Washington, D.C. to Richmond, VA, she…
Lee Bok-hyun, chief of the Financial Supervisory Service, speaks during a meeting with heads of financial holding companies to discuss financial affairs for the new year at the Federation of Banks in Seoul, Jan. 9. Yonhap The head of the country’s financial regulator insisted Tuesday that a debt workout program requires support for more than…
(InvestigateTV) Isabel Patterson self-admittedly struggles with her finances. Ive not historically been great with financial matters, which is why I got into debt, Patterson said. In total, Patterson found herself with more than $25,000 in credit card debt. That, coupled with her mothers encouragement, is why after moving from Washington, D.C. to Richmond, VA, she…
If you spent too much money during the holidays and are struggling with debt, there are ways to get on track with your finances. Getty Images The holidays can be an expensive time. There are obvious expenses that come with the season, like travel and buying gifts. There are other costs that you may not…