6 Damaging Side Effects of Having a Bad Credit Score

As you make another large purchase against your credit card, inching closer towards maxing out, you might not realize the negative ramifications this activity will have on your credit score. The same goes for making the odd late payment on…

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From Bankruptcy to Paying $22,000 Cash for a Car

The post From Bankruptcy to Paying $22,000 Cash for a Car appeared first on Penny Pinchin' Mom.

I was recently a guest on the Masters of Money podcast.  One of the statements Phil made was “Wait a minute.  How does one go from declaring bankruptcy to paying $22,000 cash for a car?” I had never really looked at my journey in that way.  But, when I thought about it, I realized – … Read More about From Bankruptcy to Paying $22,000 Cash for a Car

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How to Deal with an Underwater Car Loan When You Can’t Sell

According to experts at the automotive website Edmunds, a new car loses up to $7,419 of its value during the first year on the road. Over the next three years, new cars lose an average of $5,976 in value, mostly due to age and wear and tear. This shows just how quickly a fancy new… Read More

The post How to Deal with an Underwater Car Loan When You Can’t Sell appeared first on Credit.com.

A Debt Consolidation Loan Will Not Fix Your Bad Money Habits

This page may include affiliate links. Please see the disclosure page for more information. If you have a lot of debt or different types of debt, then a debt consolidation loan might sound like a good idea. However, if you have low credit, you may not have many options. The good news is, you can still get…

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A Debt Consolidation Loan Will Not Fix Your Bad Money Habits was first posted on August 4, 2020 at 12:16 pm.
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Understanding Debt Settlement Letters

If you’re unable to pay back a large amount of debt, you might be interested in learning more about debt settlement. Debt settlement works to negotiate with your creditors to forgive all or part of your debt. Throughout this process,…

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Debt Relief & Credit: What You Need to Know

There’s no single way to get out of debt that’s best for everyone. Each individual case is as unique as you are. It’s important to consider your situation when deciding which debt relief plan is the best option for you. To help you weigh those options, we have provided an overview of some of the… Read More

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1099-C: What You Need to Know about the Cancellation of Debt Tax Form

From early January to mid-February, you might receive a number of tax documents in the mail. They can range from expected W-2s from your employer to forms about mortgage interest you paid. One form that many people don’t expect is the 1099-C. Discover why you would receive such a form and what the IRS expects… Read More

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