Search Results for: financial stress

Bankruptcy vs. Debt Consolidation: Which Path is Right for Your Debt?

Bankruptcy vs. Debt Consolidation: Which Path is Right for Your Debt?

Looking down the barrel of bankruptcy can be distressing. But is it your only option?  For many Americans, bankruptcy can feel like a mark against you — and in some ways, it is. Bankruptcy can severely change your standard of living and restructure your financial life. But bankruptcy, like debt consolidation, is a good thing:…

Making Minimum Payments? Here’s Why You Should Reconsider Your Debt Payoff Approach

Making Minimum Payments? Here’s Why You Should Reconsider Your Debt Payoff Approach

Making minimum payments on debt is incredibly common, but is it a smart way to get debt-free?  Many Americans lean on credit cards when the going gets rough, and minimum payments can feel like a safe place to land until some level of personal financial stability returns. However, consistently paying only the minimum can lead…

Why Debt has Transformed the American Middle Class

Why Debt has Transformed the American Middle Class

Although the Great Recession of 2008 feels like a lifetime ago, its economic ripple effect continues to impact the lives of most Americans. This is especially true of the American middle classes: As housing, education, food and medical costs have skyrocketed, so too has the reliance on credit cards and personal loans.  If your experience…