Credit & Debt

Why I Gave up on My Debt-Free Dream

Why I Gave up on My Debt-Free Dream

At 22, I was drowning in debt from college expenses, a new baby, and a house my husband and I weren't ready to buy. Our son spent the first week of his life in the hospital, and large hospital bills accrued. The mortgage loomed. Emergencies here and there, like our computer crashing or the car air conditioner breaking, were paid for on credit cards. We were staring down $140,000 in debt, and I felt completely hopeless.
The Total Amount of Credit Scores You Have Part 2

The Total Amount of Credit Scores You Have Part 2

Earlier this week, we published part one of You Have 30 or More Official Credit Scores, which included several options for fee-based services that provide credit scores. In part two, we explore the free options that are available for…

The Total Amount of Credit Scores You Have

The Total Amount of Credit Scores You Have

Most people think they have just one credit score, and that all lenders use this single score to measure your creditworthiness. But not only do you have over 30 credit scores, a quick web search will also reveal seemingly endless…

The 9 Worst Credit Card Mistakes You Can Make

The 9 Worst Credit Card Mistakes You Can Make

Credit cards can be a convenient, safe way to make purchases and build your credit scores. Or they can be an expensive nightmare that could put you in bankruptcy court.

The difference isn't so much in the cards…

Helping My Dad Put Me in Debt

Helping My Dad Put Me in Debt

When I was 27, my Dad went into the hospital with pneumonia, signed over power of attorney, and confessed that he had taken out a 2 million dollar hard money loan to develop the land that had been in our…

How to Get Out of Medical Debt

How to Get Out of Medical Debt

The good news first. More than 16 million previously uninsured Americans are now covered by Obamacare. The bad news: It sure doesn’t cover medical debt. And 70 percent of us are still struggling to get rid of it, according…

My Mom Racked Up Debt in My Name

My Mom Racked Up Debt in My Name

I had a very challenging upbringing. My parents got married very young, and they have been divorced since I was six months old. My mother has not been a source of stability, and she has a very tumultuous financial life…

Bad Credit Isn’t a Moral Failing

Bad Credit Isn’t a Moral Failing

I wasn’t careless with my money. I just couldn’t have foreseen my life taking the path that it has — or have planned for it.

I have awful credit, and I'm not the only…

What You Need To Know About Debt Consolidation

What You Need To Know About Debt Consolidation

If you’re struggling with debt, you are not alone — the average American carries about $15,355 on their credit card, according to NerdWallet. There are two words you hear repeatedly as a possible solution: debt consolidation. Even…

How to Get Through the Holidays in Debt

How to Get Through the Holidays in Debt

Finding it hard to feel festive when all you can think about is that fat credit card bill or those student loans you’re (still) paying off? Unfortunately, you’re not alone: three in four American households are currently saddled…

How to Use Credit to Your Advantage

How to Use Credit to Your Advantage

We’re getting smarter about our credit cards: According to new Gallup research, more Americans are relying less on them. In fact, credit card ownership is at an all-time low, with 64 percent of those surveyed paying off their…

How to Close a Credit Card

How to Close a Credit Card

If you’re no longer using a particular credit card, there are financial benefits to keeping it open — as long as it’s free. But if it’s costing you unnecessary fees (or tempting you to…