Debt

Should You Tell Your Partner About Your Debt?

Not picking up the check at dinner, having bad breath or being late may be excusable on a first date, but one thing isn’t — having too much credit card debt, according to a survey. The average amount of credit card debt that’s considered

Does It Matter Which Debts You Pay off First? It Depends.

Having too many debts can be overwhelming. Which do you pay first? Does it matter? Should you pay the creditor that screams the loudest first? Not necessarily. Some debts should take precedence over others because they can have worse consequences than others. Here are

The Complete Guide on How Debt Impacts Your Credit Score

The average indebted household that doesn’t pay credit cards in full each month carries $8,683 in credit card debt. Eventually, that debt affects the card members’ credit scores. A credit score impacts the ability to borrow money, leading to higher interest rates, bigger down

Pros and Cons of the Debt Snowball

When trying to pay off debt, it can help to have a plan. Instead of paying credit cards, car loans, medical bills and other debts in random amounts each month or splitting your total payment evenly toward them, a plan such as a “debt

5 Things You Should Never Reveal to a Debt Collector

I’ve been preaching about the dangers of debt collectors for years on this blog but I still get emails from readers who end up getting in trouble with collectors. If you want to get an idea of how bad these people can be, check

Why You Shouldn’t Believe The “Good Debt” Myth

Debt is a controversial subject so let’s get into it. When people talk about “good debt” they usually mean debt that creates value. In other words, it’s debt that will hopefully create wealth sometime in the future. An example that’s often used is a