Debt Guru

MARCH 6, 2020

It’s called your debt-to-income ratio, and it’s your total monthly debt payments divided by your gross monthly income. The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan.

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Collection Industry News

JUNE 1, 2023

Expanding Debt Markets: Debt markets have witnessed significant expansion in recent years, both in developed and emerging economies. The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts.

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Credit Corp

JUNE 15, 2020

Paying down your debt is one of the best ways to position yourself to be more independent financially. If you’re paying $200 minimum in credit card debt every month, that’s $200 you can’t use to pay for rent. TD Cash Credit Card. Card Details. Credit Needed: Excellent-Good.

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Better Credit Blog

MAY 20, 2022

Whereas other loans like business or student loans are created for a specific use, you can decide how to use a personal loan. While the reasons to get a personal loan could extend beyond this list, here are a few of the most common reasons people take out personal loans. Consolidating Debt.

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Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

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Credit Corp

MAY 1, 2021

The consumer system is set up so that most purchases depend on applicant creditworthiness and a focus on being in debt responsibly. A high credit score will get you lower interest rates on major purchases, and a low credit score is a cause for worry because of higher interest rates. Get Your Free Credit Report Card.

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Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Lending Club.

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