Credit Associates: Top Features Credit Associates is an established and reputable debt relief company. It is a member of the American Fair Credit Council, whose members promise to follow a code of conduct in the industry. They negotiate a wide variety of unsecured debt, including credit card debt, medical debt, and business debt. Established company: … Read more
When customers make purchases on credit, you expect them to pay you. If they don’t, it can be frustrating and hurt your business. You need to know how to write off bad debt when this happens. What is bad debt? Bad debt is when someone owes you money, but the debt becomes worthless (amounts to … Read more
In their simplest form, debt consolidation loans are a one-stop solution for individuals to pay off their debts, mainly high-interest debts, and other types of unsecured personal loans. Even though it is not a solution for individuals to get rid of their financial obligations, it is a single loan sanctioned to pay multiple debts over … Read more
While credit cards are useful for building good credit history and convenient for making everyday purchases, they can be a slippery slope to unwanted debt if not managed carefully. There isn’t a recommended maximum limit for credit card debt cardholders can live by—the key to maintaining a good credit score is keeping credit utilization below … Read more
Debt consolidation is a debt management strategy that allows you to combine multiple debts into a single account. One of the most common ways to consolidate debt is to through a debt consolidation loan — a personal loan used to pay off multiple creditors. Debt consolidation loans can make it easier for you to get … Read more
The Debt Consolidation Calculator can determine whether it is financially rewarding to consolidate debts by comparing the APR (Annual Percentage Rate) of the combined debts with that of the consolidation loan. APR is the fee-adjusted financial cost of a loan, providing a more accurate basis for loan comparisons. The calculated results will also display comparisons … Read more
Debt consolidation through a refinanced mortgage is an attractive and beneficial way to pay off loans and eliminate high-interest debt. The prime factor for qualifying for debt consolidation refinancing is based on the equity in your home – which is the appraised value of your home less what you owe on the mortgage. A debt … Read more
At Liberty, we know that life doesn’t always go according to plan. If you have lost your job, your income has reduced, you’ve suffered an illness or injury, or you’ve been affected by a natural disaster like a bushfire, flood or COVID-19, support is available. The financial wellbeing of our customers is our top priority. … Read more
Americans are drowning in credit card debt, with an average credit card balance of $5,315, according to findings from Experian. The average credit utilization (the percentage of credit a consumer uses of the total credit available to them) was 25.3% in 2020, the lowest level in a decade. If you rely on credit cards to … Read more
If you have not made payments on a loan or credit card balance for more than 180 days, the lender may decide to “write-off” the charge. The lender then marks this on your credit report as “Written off.” This is only an accounting process and does not let you off the hook from repaying the … Read more