Getting into credit card debt is easy. Paying it off is another story. If you find yourself carrying more debt than you should, you aren’t alone. Dealing with monthly bills and life’s unexpected expenses make getting out of credit card debt seem like an impossible task. If you’re trying to reduce your U.S. credit card …
According to reports, the average American has up to four credit cards. Juggling multiple cards can easily cause one to max out one’s limits. Which is why it’s not surprising that the average card balance has now hit $6,200. Do these numbers sound all too familiar? Are you struggling to pay off multiple cards at once? If so, it can …
Consumer debt as of the end of 2019 was $14 trillion. That was before coronavirus and the current growing number of people filing for unemployment. Currently, people are amassing even more credit card debt as unemployed people are using credit cards to pay rent, utilities, and a host of other things during the COVID-19 stay-at-home mandate. …
According to statistics, over 60% of American households hold credit cards, with the average debt being $6,194. While not ideal, credit card debt of $6,194 might not be unmanageable if you aren’t burdened with a lot of other debt. However, what if your credit card debt is more than this? What if you have multiple lines of …
Are you struggling each month to pay credit card bills that carry outrageous interest rates? It can feel as if you’ll never pay off your balance. Is there anything legal that an honest, hardworking person can do to get a lower credit card interest rate? Fortunately, there is. In fact, there are a number of …
The American people are falling deeper into debt. The United States total credit card debt now exceeds $1 trillion. While credit card debt ranks below mortgages, auto, and student loans, lenders view credit card debt as the worst of the group. You cannot build equity with a credit card like a home or vehicle. Student loans …
Credit cards offer great financial opportunities and rewards given they’re used as intended. Unfortunately, sometimes relying on credit cards become your only financial option. This, then, creates the cycle of credit card debt. The average American carries 4 credit cards. They also tend to carry close to $6k in credit card debt, too. Some can manage but for …
Feeling overwhelmed and consumed by debt? If so, debt and credit consolidation programs can help. These combine all of your individual loans into one new loan (often with a lower interest rate), making your monthly obligations that much more manageable. While resourceful tools, these programs can actually loosen your financial footing if you don’t handle them the right way. …
Research from 2019 revealed that 70% of people with credit card debt couldn’t pay it off by the end of the year. While credit cards can be great resources, they can also lead to overwhelming debt if you’re unable to keep up with the mounting expenses. That’s why it’s smart to be informed before you even sign …
Credit card debt in the US has been soaring, reaching over $1 trillion in 2019. The average household is estimated to carry approximately $8,398 in card debt. If you are shouldering a growing debt on your credit card, it’s time to get out from under it. But where to start? One of the ways is to consolidate …
*Debthunch offers some of the smartest debt consolidation solutions available through our national network of licensed consumer finance partners that provide a diverse array of specialized financial products and services. Licensed consumer finance partners we match you with may not be able to extend credit if after your application they determine you do not meet the criteria required to be approved for a debt consolidation loan. Financing approval may be subject to a variety of factors including, but not limited to, age, credit history, credit score, acceptable income, debt-to-income ratio and collateral. Interest rates, Annual Percentage Rate (APR) and payment terms may be determined based on the above factors. Debt consolidation loans may not be offered in all states. Debt consolidation loan interest rates may range from 5.25%-29.99% APR and loan terms may range from 12-84 months. Debthunch may match prospective borrowers with financial products and services offered by its network of licensed consumer finance partners. Debthunch does not charge fees to borrowers for its service and does not broker, make or service loans. Minimum loan amount from $15,000. Debt consolidation loans, interest rates and terms may vary by state. Read and understand all agreements and documentation prior to contracting with Debthunch partners for said products and services.
