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US ‘buy now, pay later’ splurges raise holiday debt hangover risk

Collection Industry News

Demand for debt counseling services is up significantly from last year, defying the seasonal slowdown experienced during the holidays, said Bruce McClary, spokesman for the ​​​​​​​National Foundation for Credit Counseling. The increased use of buy now, pay later loans from providers like Klarna, Affirm (AFRM.O), PayPal (PYPL.O)

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5 Best Budgeting Methods for Short and Long-Term Goals

Credit Corp

Proportional Budgets for Would-Be Homeowners If you plan to buy a home, your monthly debt payments should not exceed 43% of gross (pretax) monthly income. In calculating this debt-to-income ratio, you include car loans, student loans, credit card debt, and the anticipated monthly mortgage payment in debt.