The LIRR Strike Could Cost You More Than Your Commute — Call Your Creditors Before You Miss a Payment
The LIRR strike is stranding 300,000 commuters. Call your creditors today — before you miss a payment. Here’s the 5-step hardship playbook.
debt management
AI Financial Advice Has a Problem: The Myths Baked Into Its Training Data
A Lloyds study found 56% of UK adults use AI for financial advice — including 26% for debt guidance. The problem: AI learned its beliefs about bankruptcy, credit counseling, and debt repayment from cultural myths, not evidence. Here’s what I’ve documented.
Credit Cards: The Complete Guide (How They Work, What They Cost, and When to Get Out)
Credit cards aren’t evil — but most people don’t understand the math. This complete guide covers how credit cards actually work, what the minimum payment trap really costs you, how credit cards affect your credit score, and every option available when the debt gets out of hand.
Is CBS MoneyWatch Bankruptcy Content Actually CBS News Journalism? Their Disclosures Say Otherwise
A CBS bankruptcy article appears on cbsnews.com under the CBS News brand — but carries an affiliate commission disclaimer and is produced by CBS Interactive, not the CBS News journalism division. Here is what their disclosures actually say.
Debt Shame: When It Helps and When It Hurts
Quick Answer: Debt shame helps motivate change initially but becomes destructive when it prevents people from seeking help or exploring available options. The post emphasizes that debt is “math wrapped in emotion” and that the 4 AM anxiety stems from fear and isolation rather than just financial numbers.It’s 4:03 AM.You’re staring at the ceiling, your …
Free Government Debt Relief: Myth vs Reality
Quick Answer: Free government debt erasure programs advertised online are scams, but legitimate government assistance like SNAP, housing aid, and utility assistance can free up money to pay down debt faster. Resources like the 211 helpline connect people to local financial assistance programs that most borrowers don’t know exist.You’ve probably seen the ads: “Get free …
Debt and Credit Scores: What It Means for You
Quick Answer: Debt significantly impacts credit scores through payment history (35% of FICO score) and amounts owed (30% of score). Poor credit scores can cost thousands in higher insurance premiums, limit job opportunities, and restrict housing options, making debt management crucial for financial health.Debt plays a crucial role in determining your credit score, influencing various …
How to Get Out of Debt on a Low Income
Quick Answer: To get out of debt on a low income, one should first save at least $500 for emergencies before making extra debt payments, as having no cushion leads to more debt when unexpected expenses arise. The approach involves pausing non-essential debt payments, calling utility companies about hardship programs, and prioritizing survival over aggressive …
Credit Card Debt: What It Means and What to Do
Steve Rhode explains how to use credit cards to get free travel and perks without paying interest. He debunks the ‘credit cards are evil’ myth and shares…
What Is Consumer Debt? (And the 7 Sneaky Debts You Might Not Think About)
Quick Answer: Consumer debt includes any money borrowed for personal use rather than investment purposes, encompassing credit cards, auto loans, personal loans, student loans, and buy-now-pay-later plans. Beyond these obvious debts, many sneaky financial obligations can damage budgets without consumers realizing they qualify as debt.Ever feel like your paycheck disappears faster than you can say …
