Tips to Settle Credit Card Debt

By Melinda Opperman Settling debts is not easy. Many individuals ask us for tips to settle credit card debt. Settling your debts may be possible when a verifiable hardship exists, such as medical problems, unemployment, underemployment, divorce, or death of a family member. Recent credit card debt is more difficult to settle than other kinds […]



 How to Get Out of Debt

By Lauralynn Schueckler The recent recession affected the financial lives of people all over the country. The recession led to much higher rates of unemployment and underemployment. Because of this, many people needed to rely on credit cards to meet all of their financial obligations and pay for emergencies that arose. While this may have been […]



 Elderly Mom Destitute With Credit Card Debt

By Erica Sandberg Erica, My mom is 77 years old. She lives in a one-bedroom apartment and has no assets (no car in her name, no IRA, no stocks, no retirement income, absolutely nothing). She lives entirely off her Social Security check each month. However, she managed to rack up about $15,000 on a credit […]



 Debt Consolidation vs. Debt Settlement vs. Debt Management Program

By Lauralynn Schueckler Debt consolidation typically involves taking out a lower interest loan to pay off multiple high interest secured, or unsecured debts such as credit cards. The lowest interest rate consolidation loan is generally secured against the borrower’s assets such as a home or a car. Because credit card debts have such high interest […]



 Destroy Your Debt

By Mark Foster It’s more fun racking up debt than it is paying it back. But, to have some measure of financial freedom in your life you need to focus on destroying your debt.  The 2012 NFCC Financial Literacy Survey showed that 39% of adults carry card credit card debt over from month-to-month. Don’t be […]



 How To Mess Up Your Financial Life

By Matt Bell I thought I knew a thing or two about making financial mistakes.  After all, I’m the guy who once received a $60,000 inheritance and turned it into $20,000 of credit card debt.  And it only took me two years! I messed up with money the old fashioned way.  I didn’t pay attention […]



 Tips For Managing Medical Debt

Most people prefer to leave the hospital feeling better than when they entered. However, with today’s cost of health care, and an increasing amount of that cost being passed along to the consumer, the discharged patient may exit with a financial migraine coming on. A Harvard study found that the number one reason (62%) of […]



 Questions To Ask When Considering A Debt Settlement

Consumers in financial distress are often focused on one thing— relief.  After all, the mailbox is full of collection letters, and the answering machine is filled with calls from those you owe.  Money is tight and it seems as though there’s no way out.  When you are at your lowest, you hear a commercial that […]



 Take the First Step to Living a Debt-Free Lifestyle

Intrigued? Well, here are some tips to getting started: • Know where you stand. Start by getting your credit report free of charge at www.annualcreditreport.com. Review it for accuracy, and dispute any errors. • Order your credit score. It’ll be fun to watch it go up as your debt goes down. • Set your debt-free […]



 Thousands Of Consumers Take The Debt-Free Pledge

NFCC Hosts Campaign Bringing Awareness to Benefits of Debt-free Lifestyle During April, Financial Literacy Month, NFCC Member Agencies collected more than 5,800 pledges from consumers to become debt free. The Take the Debt Free Pledge campaign allowed consumers to make this voluntary commitment as their first step toward embracing a new financial lifestyle. Consumers who […]