Debt

July 22, 2020
What’s the Best Way to Pay Off Debt?

There are a couple of ways to get out of debt and back on track with your finances. Let’s walk through some straightforward steps together! Start with Budgeting Basics To start with, make a budget. Total up all your monthly take home pay. Next, start to subtract all of your expenses. You will want to…

June 17, 2020
Are there debt consolidation companies for poor credit scores?

Submitted by Sara K. A Debt Management Plan (DMP) that is offered by a non-profit credit counseling agency can be an excellent tool for getting out of debt. Anyone can use these plans, whether they have poor credit or great credit. Credit cards, collections, and medical debt are eligible for these programs. How a Debt…

June 05, 2020
Tips for Managing Your Debt in Case of a Recession

It is important to consider any financial goal, including eliminating debt, in the context of your overall financial well-being. What are your priorities? What is your financial picture now and in the future? With a recession comes more uncertainty. What you choose to do will depend on your circumstances. Generally, the foundation for financial health…

April 20, 2020
Should I defer payments on my bills?

The pros and cons of deferring payments during the COVID-19 crisis As you look for help to make ends meet, you may be looking at the increasing amount of creditors offering the ability to delay payments. It’s great companies are taking quick ...

June 08, 2020
Can I trade in my new truck for a cheaper car?

I have a truck that I just bought for $35,000. It’s now worth about $31,000. Can I trade my truck in for a $20,000 car? What happens with my negative equity on the truck and my sedan that I just paid for with the trade–in value? Submitt...