Tag: credit

Should You Make Payments During Coronavirus Student Loan Deferment?

As Americans grappled with the financial consequences of the pandemic in March of this year, the federal government took several actions to help cash-strapped consumers. For starters, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in late March of 2020, which included a temporary suspension of payments and interest for government-owned student […]

The post Should You Make Payments During Coronavirus Student Loan Deferment? appeared first on Good Financial Cents®.

What It Feels Like to Be In Debt (And How to Get Out From Beneath It)

The post What It Feels Like to Be In Debt (And How to Get Out From Beneath It) appeared first on Penny Pinchin' Mom.

This is a sponsored post on behalf of Mr. Cooper.  All opinions are my own and were not influenced by any parties. Consumer debt has just hit an all-time high.  It now tops more than $3.8 trillion.  Not million. Not billion.  Trillion. Being in debt can make you feel as if you are completely alone. … Read More about What It Feels Like to Be In Debt (And How to Get Out From Beneath It)

The post What It Feels Like to Be In Debt (And How to Get Out From Beneath It) appeared first on Penny Pinchin' Mom.

Late Payments, Credit Scores and Credit Reports

A missed credit card or loan payment can have a seriously detrimental effect on your credit report. The golden rule of using a credit card is to make your payments on time every time, building a respectable payment history, avoiding debt, and keeping your creditor happy. But what happens when you fall behind with your […]

Late Payments, Credit Scores and Credit Reports is a post from Pocket Your Dollars.

By: Cherise Romero

In reply to <a href="https://www.credit.com/blog/ways-a-debt-collector-may-be-breaking-the-law-18624/#comment-122027">Jeanine Skowronski</a>. The debt was already sold to collections before I could make any kind of payment. Ive been getting calls left and right on it. It went from a few hundred dollars to 2 grande due to all the. Collections ridiculous interests.

What is Credit Card Churning? Dangers and Benefits

Credit card issuers have consumers right where they want them, lending money at high-interest rates and earning money from many different fees. Even reward cards benefit the issuers, because all the additional perks and rewards they provide are covered by the increased merchant fees, which essentially means the credit card company offers you extra money to incentivize you to spend, and […]

What is Credit Card Churning? Dangers and Benefits is a post from Pocket Your Dollars.