Financial Cents: Posts About Debt

Can Medical Debt Affect Your Credit?

Unpaid medical bills can end up on your credit report.

Posted on: August 08, 2019


5 Signs You’re Stuck in a Cycle of Debt

Feeling like you can’t get ahead on your bills? Living paycheck to paycheck and making minimum payments may confirm you need a new system.

Posted on: July 19, 2019


Tips for Negotiating Medical Bills

Staring down a mountain of medical debt can be scary, but there are steps you can take to try and reduce those bills!

Posted on: July 12, 2019


The Debt Spiral: What It Is and How to Escape It

If you end up having to take out new debt to cover costs incurred by all the payments you have to make on your old debt ... you just might be in a debt spiral!  

Posted on: July 10, 2019


Are You Haunted by Phantom Debts?

Some phantom debts are just old, uncollected debts that you forgot about. But other phantom debts are just straight-up lies told by scammers!

Posted on: July 02, 2019


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