According to statistics from the Chamber of Commerce, personal loans are becoming more popular than ever before, growing by 19.2% in the first quarter of 2019 alone. One of the reasons for this climb in popularity of the personal loan is that thanks to Fintech solutions, personal loans are now easier than ever to apply for. …
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 …
American households have a record $14 million dollars in debt. This includes debt from credit cards, mortgages, student loans, and other sources. This number keeps going up. Living with debt doesn’t have to be your reality. Many Americans have successfully eliminated their debts and now have zero debts. Are you burdened with uncontrollable debt? Are you sick …
For many Americans, high debt is becoming the new normal. The average American holds more than $137,000 in debt. This includes all forms of debt including mortgages, auto, and student loans. The current COVID-19 pandemic is placing more financial pressure on millions of American households. Those affected by the health crisis are turning to credit cards to …
Credit cards have their place in American life, but on an individual basis, it’s easy to let debt get out of control. If you are questioning whether you’ve taken on too much debt, the answer is probably yes. Maxed out credit cards become a burden, rather than a convenience. Too much debt leaves you unable …
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. …
According to reports, 32% of Americans hold medical debts, and more than half have defaulted on it. This is not all too surprising, considering that Americans pay roughly double the amount for health care services than Europeans. Medical debt can come out of nowhere and hit hard, even if you have health insurance. What’s more, medical events can often also …
55% of Americans with credit cards have debt. With the cost of credit, it can seem nearly impossible to get out of debt. Juggling multiple monthly debt payments can be seriously discouraging. Maybe you’ve tried to make extra payments on your debts but just aren’t seeing any movement. When it comes to getting out of debt, …
Another year passes and student tuition is still on the rise. In the period from 2008 to 2020, tuition increased by nearly 65%. Unfortunately, 40% of American students are turning their down their first choice for college due to the rising costs. A growing number of Americans are turning to student loans to help pay for …
*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.
