Why Didn’t My Credit Score Go Up After Removing/Paying Collections
While it is commonly assumed that paying off debt will always result in a positive impact on one's credit score, this is not always the case. In fact, sometimes paying off a…
How to Deal with Collections and Negotiate Settlements for Credit Restoration
Having a good credit score is essential for financial stability and access to favorable loan terms. However, when debts go unpaid, they can end up in collections, damaging your credit profile. The…
How Does Debt Settlement Work? Pros & Cons
Debt settlement, which is also referred to as debt negotiation or debt arbitration, is a process whereby a creditor agrees to reduce the total amount of debt owed and in return, the…
Tips to Help You Get Out of Debt Quickly
In the U.S., household debt reached nearly $17 Trillion by the end of 2022 and, with inflation rising, it's bound to continue going up. It's more important now than ever to put…
2022 Debt & Credit Card Use Statistics in the U.S
In the year 2020, most Americans were getting financial support from the government. Their spending was also low due to restricted movement. This was as a result of the lockdowns, travel, and…
Examples of Good Debt vs Bad Debt
Good debt and bad debt are terms used to describe different types of debt and their effects on your financial health. Good debt is debt that improves your income or net worth,…
