Resource Center - Debt

Choose from the resource categories below to discover and learn more about personal finance across the topics of budgeting, debt, income, insurance, investing, and retirement.

8 Things College Graduates Should Know About Credit

After you've earned the credits you need to earn your college degree, a new kind of credit becomes important. This kind of credit will affect you for the rest of your life; it will influence your ability to get certain goods and services before paying for them with the expectation that you'll make payment in the future.... Read More >>>

7 Benefits of Creating an Online Credit Card Account

Most credit card issuers allow you to create an online account to manage your credit card account. If you’ve haven’t signed up for an online account with any of your credit cards, you’re missing out on a bunch of great benefits and conveniences.... Read More >>>

7 Benefits of Creating an Online Credit Card Account

Most credit card issuers allow you to create an online account to manage your credit card account. If you’ve haven’t signed up for an online account with any of your credit cards, you’re missing out on a bunch of great benefits and conveniences.... Read More >>>

Credit Card Statement Balance vs. Current Balance

If you check your credit card balance by phone or online, you may be presented with two different balances: a statement balance and a current balance. These balances may be different and can be confusing, especially if you want to pay your balance in full to avoid paying finance charges. Which balance is accurate? Which one are you supposed to pay?... Read More >>>

Seven Ways to Get Your Credit Report for Free

Your credit report contains information that many businesses use to make a decision about you. This includes banks, insurance companies, landlords, mortgage lenders, and even employers. It's important that you know what's on your credit report. You can pay for your credit report through the credit bureaus, or, in certain situations, you can order your credit report for free. The federal government passed a law that you can receive a credit report free once a year from each of the three credit bu... Read More >>>

Milestone Gold MasterCard Review: Is it Legit?

The Milestone Gold MasterCard is a credit card aimed at applicants with poor credit. The card is issued by Mid America Bank & Trust Company a FDIC-insured bank located in Dixon, Missouri. (Note that FDIC insurance doesn’t really help you as a credit customer, but does speak to the legitimacy of the bank.)... Read More >>>

Is It Ok To Get Two Credit Cards From the Same Bank?

Most major credit card issuers have multiple credit cards, often with different types of perks. A single credit card issuer may have low interest rate credit cards, balance transfer credit cards, credit cards with miles rewards, credit cards with cash rewards or credit cards that reward with points. You may want to get a new credit card from a bank that you already have a credit card with them. But will your card issuer approve your application for another credit card even though you already hav... Read More >>>

How to Respond to a Settlement Offer From a Creditor or Collector

Getting a settlement offer on a debt you couldn’t afford to pay in full is one of the best things that can happen. You don’t have to open up the discussion and convince the creditor to settle the debt with you because they’ve already made that decision.... Read More >>>

How to Remove a Charge-Off From Your Credit Report

A charge-off is one of the worst types of credit report entries. It's the result of not making your credit card payment for several months - usually six months in a row. The creditor writes off the debt as a loss (in their own accounting books), cancels your account, and demands the past due balance in full.... Read More >>>

What to Do When Your Credit Cards Are Maxed Out and You're Broke

When you don’t make enough money to support your lifestyle, you may make up the difference by using your credit cards. But, you can only do this for so long before all your available credit runs out. It doesn’t take long to max out all your credit cards, even those with high limits.... Read More >>>