People lose their jobs for many reasons. They may not be good at their job. The company may want to go in another direction, or their business may have to let some workers go because on impending bankruptcy.  Businesses that file bankruptcy do so to receive protection from the federal government. When declaring bankruptcy, two popular options … Read more
According to a new CreditCards.com survey, 21 percent of Americans with debt said they expect to die still owing debt, an increase from 18 percent last year and 9 percent in 2013. Roughly half of the respondent still expect to be paying off their debts when they are in their sixties. The average U.S. household … Read more
According to a recent report from the Corporation for Enterprise Development (CFED), 56 percent of consumers have subprime credit scores. Having bad credit means they are unable to take advantage of the best interest rates if they need or want to borrow money. The very best rates and terms are reserved for people who have … Read more
According to a report posted on the FICO blog, the national average FICO score has reached its highest level of the past decade. This means that people are getting better at managing their finances and limiting damage to their credit score. If your credit score is lower than you’d like it to be, there are … Read more