Often, consumers are advised to make weekly or multiple payments throughout their credit card billing cycle. However, there’s not much context given with this advice. This could leave consumers tying up their funds unnecessarily. Let’s consider…
The CFPB (Consumer Financial Protection Bureau) now allows debt collectors to contact you on social media. Why this is bad for consumers Unethical debt collectors It’s now unknown how debt collectors can contact you on social media. It’s unknown…
Opportunity cost is the potential gain that you could achieve by doing one thing over another. Let’s consider the following about a $50,000 automobile that you plan on purchasing: You have $50,000 in cash that you won’t need access to…
Using your credit card to pay your federal or private student loan can earn you credit card rewards or sign-up bonuses. You can also extend your payment time by utilizing your credit card’s grace period. But, there are things to…
Until May 1, 2022, student loan borrowers are not required to make payments on their loans. Interest will not be accrued during this time period. In addition, during this repayment suspension, collections attempts cannot be made. Who qualifies for student…