Debt consolidation is one of many debt relief options that can improve your financial situation. It is often mentioned in the same breath as debt management and debt settlement and in many ways serves as the middle ground between these twoânot as drastic and potentially damaging as debt settlement, but a little more so than […]
Effects of Debt Consolidation on Credit is a post from Pocket Your Dollars.
This is a post written by me on behalf of Discover Personal Loans. All opinions are my own. Itâs my job to help clients make financially prudent decisions. Not only do I help people maximize their investments for retirement, but I can help them plan out many aspects of their financial lives. I might tell one […]
The post 8 Questions to Answer Before You Take Out a Personal Loan appeared first on Good Financial Cents®.
Applying for a Personal Loan Whether you simply need to cover living expenses while unemployed or pay off debt, a personal loan is a viable option. When you need money fast, you may not ask too many questions when a lender approves your loan application, but you don’t want to make a mistake that will […]
The post What to Consider When Choosing a Personal Loan Lender appeared first on Credit Absolute.
It seems logical that buying a used car would be generally more affordable than buying a new one, but that cost gap has grown recently, making used cars increasingly appealing to budget-minded consumers. The difference between the average monthly payment for a new car and that for a used car was $122 in the second quarter of… Read More
The post The Average New Car Payment Is Inching Closer to $500 a Month appeared first on Credit.com.
The debt snowball and debt avalanche methods can help you pay your debts quickly and with minimum fuss. They are relatively simple strategies that all debtors can employ and they work for multiple types of debt, including credit card debt, student loan debt, and personal loans. But how do these methods differ from one enough, […]
Comparing the Debt Snowball and the Debt Avalanche Methods is a post from Pocket Your Dollars.
Many people opt to lease their car instead of buy it because of some of the conveniences that can come with this option. And a new program from Ford could be taking this a step further with its car share program. Ford Credit Link, which is running its pilot program in Austin, Texas, makes it possible… Read More
The post Would You Share a Car With Friends? A New Ford Program Thinks So appeared first on Credit.com.
Your Debt to Income Ratio (DTI) is a basic calculation used to express affordability. You can use a DTI calculator to find your own ratio. How to Calculate Your Debt to Income Ratio Your DTI is calculated by combining all of your debt repayments and subtracting them from your total income, before expressing the calculation […]
Debt to Income Ratio Calculator is a post from Pocket Your Dollars.
Credit scores are calculated using an advanced algorithm. The exact calculations have not been provided by Fair Isaac, the company behind the FICO Score, but they have provided a breakdown of the key areas and thatâs what weâll look at in this guide. Your credit score is weighted as follows: 35% – Payment History 30% […]
Understanding Credit Scores: How are they Calculated? is a post from Pocket Your Dollars.
One of the most common reasons to file for bankruptcy is to discharge your overwhelming debt and start your finances over on a clean slate. But just because you file for bankruptcy doesnât mean that…
The post What Debts Qualify for Chapter 7 & 13 Bankruptcy Discharge? appeared first on Crediful.
Average credit card debt in the US changes depending on who you ask and where they get their information. In 2019, Experian estimated this to be $6,194, while a leading credit site produced a figure closer to $8,000. At the same time, data pooled from the US Census and Federal Reserve calculated a more modest […]
The Difference Between Credit Card Refinancing and Debt Consolidation is a post from Pocket Your Dollars.