Financial Cents: Posts About Debt

Wage Garnishment: What Is It?

If a creditor takes you to court over an unpaid debt, you could end up having funds removed directly from your paycheck.

Posted on: May 22, 2019


What Is Your Debt-to-Income Ratio?

If you're applying for a mortgage loan, an auto loan, or even just a regular personal loan, lenders will be looking at your DTI to see whether or not you can afford it.

Posted on: May 03, 2019


So You’ve Maxed out Your Credit Cards … Now What?

First things first: don't panic! Next, consider using the debt snowball or the debt avalanche methods to dig yourself out of debt.

Posted on: April 02, 2019


So You’re Stuck in a Cycle of Debt … Now What?

In order to stop running on a hamster wheel of debt, you'll need to split your focus between two major financial priorities: Paying down debt and building up your savings.

Posted on: March 07, 2019


Building Savings or Paying off Debt: Which Should You Prioritize?

Building up savings and paying down high-interest consumer debt are both critical financial cornerstones, but which one you should you put first?

Posted on: February 28, 2019


The Debt Avalanche Will Help You Pay off Debt for Less

When you use the Debt Avalanche to pay off your debt, you'll need a little bit more patience, but you'll be rewarded with big savings on interest.

Posted on: January 17, 2019


The Debt Snowball Method Can Help You Get out of Debt

With the Debt Snowball method, early victories will help you maintain crucial momentum on your journey to becoming debt-free.

Posted on: January 17, 2019


Want to Pay Off Your Debt? Try Building a Better Budget!

If you try and pay down your debt without a strict budget, you'll have a really hard time coming up with the extra money—even if you're working a second job.

Posted on: January 11, 2019


The Broke Person’s Guide to Credit Cards

Stop using your credit card to rack up high-interest consumer debt and start using it to boost your credit score instead!

Posted on: January 07, 2019


Your Guide to Escaping a Debt Trap

Being deep in debt can feel like you're sinking in quicksand. But hope is not lost! Here are some tips to help you plan your debt trap escape.

Posted on: November 08, 2018