All Blogs on: Financial Trouble

You Can’t Afford to Believe These Personal Loan Misconceptions Personal loans are a popular financial tool for individuals seeking to consolidate debt, cover unexpected expenses, or finance significant life events. As of the first quarter of 2023, U.S. personal loan balances reached $225 billion, up 26% from the same time in 2022, according to a […]

Should You Take Out a Personal Loan to Help a Family Member? Emergencies and unexpected expenses happen. When a family member needs financial help, it can be challenging to determine what to do. While wanting to support our loved ones during tough times is natural, it’s also important to weigh the options and consider the […]

Get back on track and out of your upside down car loan. Many Americans use car loans to purchase a new or used car since very few of us have enough in savings to cover the vehicle cost upfront. Around 31% of American adults say they rely on car loans to pay for a car […]

Home equity loan or cash-out refinance? Which is the better choice? When you need funds for a major expense, you might be considering a home equity loan or cash-out refinance. As a homeowner, you have the unique benefit of being able to tap into the equity you build over time. Home equity is the value […]

Rising Car Debt is a Problem Car prices have surged since the pandemic. As a result, many consumers are paying car payments that are more than $1,000 a month. In addition to higher car prices, the Federal Reserve has been raising interest rates in an attempt to calm inflation, driving up auto loan balances. These […]

Tips for choosing a personal loan term length. As a consumer, you have many choices when it comes to borrowing money if you have good credit. A personal loan is one of the most flexible options for borrowing. Unlike credit cards, personal loans have fixed interest rates. With auto loans or mortgages, you can only […]

Learn more about credit card loans and how they differ from cash advances Unexpected expenses can wreak havoc on your finances and your mental health, but they’re unfortunately very common. Whether it’s a flat tire or emergency medical bill, these types of expenses happen to everyone. When you need money in a hurry, you could […]

Look for these signs if you suspect you have a budget problem. Creating and managing a budget helps you identify where your money is going, areas where you overspend, and saving opportunities. An effective budget can help you reach a financial goal like buying a new car, putting a down payment on a home, building […]

Being in debt is common, but that doesn’t make it any less stressful. If your debt is becoming overwhelming, you might be asking yourself, “Is debt consolidation for me?” When you consolidate debt, you use one loan to pay off your other debts. For example, if you have multiple credit cards, you can pay them […]

While 2022 is in the rear-view mirror, one thing that isn’t is high inflation. While the U.S. economy slowed in the 4th quarter, it still grew at a 2.9% rate despite high interest rates and widespread fear of a recession. While that might seem like good news, it also means that inflation has remained higher […]

Learn what the average funeral costs so you don’t get caught unprepared. A funeral is probably the last thing you want to financially plan for.  However, a lack of planning could leave your loved ones in a poor financial situation as funerals can cost thousands of dollars. Knowing how much the average funeral costs and […]

Here’s what to do if your apartment floods. Your apartment floods, and it’s a nightmare. What you do next can impact how well you recover both emotionally and financially. Floods are the most common and costly natural disaster in the United States, according to The Federal Emergency Management Agency (FEMA). Flooding has cost Americans more […]