What Is Debt-to-Income Ratio and Why You Should Care

A little debt isn’t necessarily a bad thing. In fact, many rites of passage in life involve taking out loans — financing your first car, going to college, or purchasing your first home. But there’s a fine line between an “acceptable” amount of debt and too much debt. And once you cross that line, it might be hard to step back into safe financial territory. Paying too much each month

couple debt consolidation

It’s easy to think of debt as a single thing. Like a lump sum of money you need to pay back rather than the collection of student loans, credit cards, car loans, mortgages, personal loans and even payday loans you’ve amassed – all with different payment dates, all with different payment amounts. For most of us, our debt is a collection of messy numbers. You have bills due all month

6 Ways to Dig Yourself Out Of Debt

If you’re struggling with debt, it can often feel like you’ve got nowhere to turn and you have nothing you can do. The truth is, though, that there are lots of ways that you can pull yourself out of excessive debt. While some of these are going to require some hard work and dedication, it’ll be worth it in the end to be debt-free and financially healthy once more. Here

7 Things to Know Before Consolidating Bad Debt

Before talking to anyone about debt consolidation, be prepared with these 7 important facts. From cookies to cars, everything you buy has the potential to become debt. Most things in life can be had with the quick swipe of a credit card or, in the case of your car, an easy loan. While that’s definitely a convenient perk of living in the 21st century, it can also be a dangerous

student debt

Thinking about higher education can be stressful, especially if you’re not sure how you’re going to pay for it. Student loans are an excellent option for many people. If you’re worried about going into debt or if you have other questions about how financing your education will affect your future, we’re here to help. We want to give you all of the information we have to help you make an

How Bad Credit Can Affect Your Relationships

Good relationships aren’t easy, as the 40 million Americans using online dating services will attest. There’s a minefield of things you can do wrong, including game playing, talking about your ex, and ignoring important red flags. But there’s one relationship wrecker that most couples aren’t even aware of: the bad credit score. Having bad credit impacts your life in a myriad of negative ways like making it hard to borrow

3 Steps to Deal with Your Credit Card Debt

The debt spiral is very real. You want to enjoy life or you run into a financial emergency and you use your credit card to help. You probably have every intention of paying it off, but you can’t because your paycheck is already going to cover other things. So you create a balance on your credit card. And then that card is full. You still have things you need to

Common Money Mistakes that Lead to Legal Problems

Nobody likes to be in trouble. And certainly nobody likes to be in trouble when the legal system is involved. That’s why it’s important to know the best ways to manage your bank account and bills to avoid falling into legal trouble. Unfortunately, some people find out too late that there are money mistakes that lead to legal woes. Stop Paying Student Loans Bills are piling up and the student

No Credit Check Loan

Imagine you’re in the market for a home. You probably want to get pre-approved for a loan so you know how much a lender is willing to offer you and at what rate before your start searching for the property of your dreams. With pre-approval in place, you know what your spending limit is and when you make an offer on that perfect home, you know it won’t fall through

7 Times When a Personal Loan is a Bad Idea For You

Using personal loans is a great option for many people looking to consolidate credit card debt or make a large, one-time purchase. However, depending on a person’s financial profile, it could also result in years of crushing payments or defaulting on the loan altogether. A personal loan uses installments. A bank, credit union, or online lender issues the loan at a fixed rate and amortization period. The time frame can range