(BBB) If you are working on managing your money better and paying down your debts, a debt consolidation app can help you track and manage what you owe. However, each app takes a slightly different approach. Before investing time (and potentially money) in one, know how they work and which will best help you. Read…
Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause. Consumer protection advocates say that the Biden administrations student debt relief efforts, the subsequent halting of those policies by the courts, and the restart of student loan payments…
Young disabled people turn to debt advice charities image credit: shutterstock.com Almost one in three (29%) young disabled people have contacted debt advice charities over money worries. This is three times the average across the UK (10%). One in four (24%) of 1824-year-olds are relying on credit and loans to pay their bills. But this…
INCREASING numbers of people are falling into debt as the cost-of-living crisis persists, despite slight improvements in interest rates. The UK debt-help charity Christians Against Poverty (CAP) says that even some households customarily regarded as financially stable are now seeking assistance. Through a recent YouGov poll, whose results were released this month, CAP found that…
“It shows that people are doing so using a financial mechanism that will hopefully help them gain control of their finances once and for all.” Our Hodge inhouse data found that the number of people using funds from their 50+ mortgage for debt consolidation has doubled. Between January and July in 2023, 14% of customers…
A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want to do your best to avoid it. CNBC Select breaks down what happens when you default on various types of…
Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts. Jade Canney didnt expect to move back into her parents home after renting her own apartment for about a year, but the 22-year-old felt that she had no choice after drowning in debt that…
Everything is more expensive these days. That – along with higher student loans and credit card debt has more people turning to debt relief services. But often people who get help are left financially worse off. Question: Do debt relief services work? Are they even legit? Debt relief or credit repair companies promise to negotiate…
COLORADO SPRINGS For people living paycheck to paycheck, hiring a financial advisor may not be an option. Free help is available- it’s as simple as dialing 2-1-1. A Pikes Peak United Way staff member will direct you to the right services for free. David Prudhomme said more people are calling 211 for debt relief and…
If youve found yourself in credit card debt, youre not alone. According to TransUnion, the average American has $5,474 in credit card debtand the number of people in debt continues to climb. Brian Atkins, D.C. Community Manager from Chase, discusses the importance of debt management, including key steps to take and how to rid yourself…