The US Federal Reserve recently increased its benchmark interest rate by 0.75 percentage points, reaching a range of 2.25-2.5%. This is the second rate rise in a short period, and experts expect more of the same in these challenging economic times. Consumers have to make various concessions to save money, and one of the most …
How to Pay Down Debt During Periods of High Interest Rates Read More »
Debt consolidation is a viable option for those who have multiple credit cards and other types of debt who want to combine their payments into one, monthly payment that typically has a lower interest rate. By combining two or more debt payments into a single debt payment, consumers can reduce their financial burden through lower …
The Positives and Negatives of Debt Consolidation Read More »
Credit card debt that has ballooned out of control can be extremely frustrating, particularly if you have debt across multiple credit cards. If you do carry credit card debt, you’re not alone: Experian reports that almost all (95%) of adults have a credit card open and there is over $756 billion in outstanding credit card …
Everything You Need to Know About Personal Loans to Pay Off Credit Card Debt Read More »
