Managing your debt effectively is crucial for maintaining financial health and achieving your long-term goals. In 2024, with economic uncertainties and changing financial landscapes, it’s more important than ever to adopt strategies that help you control and reduce your debt. This article outlines practical tips for assessing your debts, creating
Understanding the differences between secured and unsecured credit cards is crucial when navigating the world of credit. With a multitude of options available, it’s easy to feel overwhelmed. However, by grasping the nuances of these two types of cards, you can make an informed decision that aligns with your financial goals and
By FTC If your credit, ATM, or debit card is lost or stolen, federal law limits your liability for charges made without your permission, but your protection depends on the type of card — and when you report the loss. Report Loss Or Theft Immediately If your credit, ATM, or debit
By Elizabeth Gravier, CNBC Consumers of all ages carry credit cards, but some generations have larger outstanding balances than others. Members of Generation X have the highest average credit card debt at $7,155, followed by baby boomers and millennials, according to credit bureau Experian’s latest consumer findings. With an average
By Jessica Dickler, CNBC In times of financial distress, credit cards are one of the easiest ways to access cash. During the coronavirus crisis, more than half, or 51%, of adults with credit card debt — roughly 51 million people — added to their balances, according to a report by
By Adam S. Minsky, Esq., Forbes Democratic Senators unveiled a sweeping bankruptcy bill this week that would dramatically reform the United States bankruptcy system, and make it easier for struggling Americans to discharge student loans and medical debt through bankruptcy. The Medical Bankruptcy Fairness Act of 2021, proposed in response
By Chris Arnold, NPR With their savings running out, many Americans are being forced to use credit cards to pay for bills they can’t afford — even their rent. Housing experts and economists say this is a blinking-red warning light that without more relief from Congress, the economy is headed for even
