More Consumers Made Financial Resolutions for 2016

There has been a substantial increase in the number of Americans making financial resolutions for 2016, according to the latest survey from American Consumer Credit Counseling. More than 75% of consumers have made financial resolutions for this year, a significant … Continue reading

Understanding the Snowball Method of Debt Relief

There are many ways to get rid of credit card debt or personal debt. One of the most used practices is the Snowball Method. With the Snowball Method for debt relief, you pay off your smallest debts first before getting … Continue reading

Alarming Statistics about Delinquent Debt in America

A new study from the Urban Institute and the Consumer Credit Research Institute reveals that 35% of adults with credit files have debt in collections. This amounts to an astounding 77 million people. The average debt is $5,178 per person. … Continue reading

Debt Linked to Health Concerns in Young Adults

Heavy debt loads could be causing higher blood pressure in young people according to a new Northwestern Medicine study. The study found that high financial debt is connected with higher diastolic blood pressure and could affect physical and mental health … Continue reading

Consumers Scrap Vacation Plans Due to Stress from Debt

According to a recent poll , 35% of Americans delayed their vacations this past year because of stress related to debt. Over 1,000 people in a study conducted by Princeton Survey Research Associates International revealed that family vacations are taking a back seat … Continue reading

CFPB Says Payday Loans Can Be Debt Traps

The Consumer Financial Protection Bureau has turned its attention to payday and deposit advance loans. It issued a new report that finds these products lead to a cycle of indebtedness. Not surprising, it found that loose lending standards, high costs … Continue reading

Five Credit Card Tips For Teenagers

As our children grow, they are exposed to many different learning experiences. However, many children are never taught anything about financial literacy or the use of a credit card. Teachers rarely talk about credit cards or credit card debt, so it is critical for parents … Continue reading