The Latest Debt & Finance Blog
As the COVID-19 crisis drags on and unemployment spikes to unprecedented levels in the U.S., individual debt burdens can feel more overwhelming than ever. On top of it, as many…
With a stunning 36.5 million and counting Americans out of work because of the COVID-19 pandemic, there are a lot of people scrambling to pay their bills until they have…
While Governors in several states are trying to crack open the door on the shuttered U.S. economy, the news from two key elements of a would-be revival – employment and…
Americans suddenly out of work because of COVID-19 are filing for unemployment in unprecedented numbers, but a bright spot on the employment front is that some businesses are hiring, both…
Truth, they say, is the first casualty of war. And on March 13, President Donald Trump put America on a war footing. We’re coming for you, coronavirus. Speaking from the…
Surveys show most Americans will make a resolution to get out of debt in 2020. Surveys also show most Americans will fail miserably. If you want to get out of…
The announcement that FICO will put two new credit scoring models – FICO 10 and FICO 10T – into play this summer is the ultimate good news/bad news situation for…
Tempted to spend lavishly and spontaneously this holiday season? Looking for someone to blame? Leave the three wise men out of it. Yes, they launched the tradition of bestowing expensive…
Typically, a decrease in the federal funds rate means your credit card APR should fall as well, but that’s not what is happening lately in the U.S. economy. Banks have…
For most Americans, going carless is unthinkable. You need one to buy groceries, take kids to school, visit a doctor’s office and see friends and family from time to time.…
Sources:
- N.A. (2020, May 10) Credit Card Debt During Coronavirus: Relief Options and Tips. Retrieved from https://www.consumerfinance.gov/about-us/blog/credit-card-debt-during-coronavirus-relief-options-tips/
- Adams, D. (2020, April 3) Master List of Credit Card Issuer COVID-19 Policies. Retrieved from https://www.forbes.com/sites/advisor/2020/04/03/master-list-of-credit-card-issuer-covid-19-policies/#5127ca237603
- Markowitz, A. (2020, May 5) AARP Answers: Your Credit Cards and the Coronavirus. Retrieved from https://www.aarp.org/money/credit-loans-debt/info-2020/credit-cards-coronavirus-faq.html
- Miller, J. (2020, May 18) Financial Services COVID-19 Pulse Survey May 15-17 Update, retrieved from https://discover.jdpa.com/jdpower-covid19-research