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Minimum Credit Card Payments Don’t Work — Here’s Why


Credit cards aren’t necessarily bad for your financial health. As long as you spend responsibly and pay your balance in full every month, a credit card can be a convenient and useful tool. But some consumers bite off more than they can chew. In other words, they’ll accumulate credit card debt faster than they can pay it off. Consequently, they’ll carry a balance from month...

Unsecured debt & bankruptcy in the United States


Unsecured debt has a direct correlation to bankruptcy in the United States. Just this year alone the total amount of unsecured debt has increased to 1 trillion collectively. According to HuffingtonPost, some of the most common factors that cause bankruptcy are medical bills, job loss, student loans and divorce. With the amount of debt increasing, consumers should start considering budgeting expenses and freeing up cash...