I had a client once who tried to pay their electric bill with a credit card while eating instant noodles for the fourth meal in a row. But he was really curious if debt relief can help with personal loans. Good question. Not because they loved sodium bricks in soup form (although, let’s be honest, …
Did you know the average American household carries over $6,000 in credit card debt? (Source) Between credit cards, loans, and mortgages. (Want to know What is Consumer Debt?) Figuring out which debts help and which debts hurt can feel overwhelming. Some debt helps you build wealth, while others are designed to trap you in an …
Did you know that 35% of mortgage applications are denied due to a high debt-to-income ratio—even for people with great credit? Ever wonder why that happens? Even for applicants with great credit scores? Understanding the balance between your debt-to-income (DTI) ratio and your credit score can make or break major financial decisions, like buying a …
Ever looked at an apple and thought, “That’s red,” only to realize that color is just your brain interpreting light waves? Wild, right? Well, your perception of debt works the same way. What you think is happening with your money isn’t always what’s actually happening—and that disconnect can cost you big time. The Reality Filter: …