Better Credit Blog

APRIL 11, 2022

Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In other cases, such as credit card debt, it’s seen as a hardship and can have a negative impact.

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Credit Corp

JANUARY 7, 2021

Unfortunately, holiday credit card debt lingers far longer than leftover turkey. If you don’t—or can’t—repay holiday debt promptly, it’ll accumulate over time. . >> Try these debt management apps. Go for Debt Consolidation. Go for a loan with a low interest. Check Your Credit Score.

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Credit Corp

MAY 1, 2021

Many people also struggle to build their credit, and they must be careful about which personal finance decisions impact credit scores. The average American builds credit by opening a credit card account, acquiring student loan debt, or making car payments. Get Your Free Credit Report Card.

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Credit Corp

APRIL 1, 2021

The average US household debt is $137,063 , including mortgage debt, credit card debt, and other forms of debt. It’s no wonder that many families feel they’re drowning in credit card debt and debt in general. Remember your list of debt and the interest?

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Credit Corp

MAY 4, 2021

For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Calculate Your Credit Card Payoff. Becoming debt-free is a big goal that will likely take a long time to accomplish. Apply for a 0% Balance Transfer Card. Set Micro-Goals.

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Credit Corp

JULY 9, 2021

As of the end of 2020, the level of American consumer debt hit $14.56 This incredibly high number is mostly composed of financial situations relating to peoples’ homes, vehicles, and loans taken out to pursue higher education. The average American home owes around $6,270 in credit card debt.

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Credit Corp

APRIL 23, 2021

Credit cards typically carry the highest interest rates and so should be focused on first. Next, shift your focus to other higher-interest debt, such as student loans. Finally, focus on debts for depreciating assets such as auto loans. Reimbursements. But what happens when you’ve paid one of them off?

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Credit Corp

MARCH 3, 2021

Here’s an example of what someone’s debt load might look like: Amount Owing Interest Rate Monthly Payment Credit Card A $10,000.00 Credit Card B $4,000.00 Credit Card C $5,000.00 Car Loan $17,000.00 True, but the mortgage is good debt, as it’s secured, or tied to an asset.

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