Jump to main content
Financially Fit

Debt Management

Managing debt is something almost everyone will have to do throughout the course of their life.  Whether it's student loans, mortgages, auto loans, or credit cards the bottom line is debt effects everyone.  While debt can be entirely overwhelming, there are strategies you can implement to combat debt and gain traction in paying it off and this section of the blog will show you ways to do just that.

Building Better Credit Habits

0 comments

U.S. consumers are once again increasing their collective credit card debt, which now exceeds $1 trillion.

The Credit Card Accountability, Responsibility and Disclosure (CARD) Act protections, which went into effect in February 2009, require card issuers to disclose rates and other information more clearly. This should make it easier for consumers to monitor what they owe. But, regulations can't prevent people from making poor debt management habits.

Here's some advice for controlling credit card use:

Read More

Getting Out of Debt as a Couple

0 comments

Debt your partner has can be a cause for concern. When it comes to love and money, of course you and your significant other love each other. It’s also critically important to know where the other person stands financially. Debts brought into the relationship could affect your financial well-being and ability to reach milestone goals in your life together. Here are some tips on getting out of debt as a couple:

Read More

Balancing Debt and Saving

0 comments

When you want to pay off debt fast, that impulse often means depleting your savings. So how do you pay off debt AND save money?

Read More

Six Rules for Managing Credit Card Debt

0 comments

If you want to be the master of your credit card debt load, follow these key rules:

Read More

What You Should Know About Bankruptcy

0 comments

Nationally, 794,960 people filed for bankruptcy in 2016. Those filings cost financial institutions millions of dollars. Those losses require affected credit unions to charge more for loans and pay less on savings for other members. And money isn't bankruptcy's only casualty.

Read More

Defaulting on Your Student Loans is Terrible Advice

0 comments

A nascent movement encouraging young people to default on their student loans is starting to gain media exposure, and if it gains traction, it could spell doom for thousands of borrowers’ finances.

Read More

Don't Let Money Worries Rob You of Sleep

0 comments

Money worries are rampant among Americans.  If you find that money worries are keeping you up at night, here are some steps you can take:

Read More

Pros and Cons of Consolidating Student Loans

0 comments

Graduating college and earning a degree is certainly something worth celebrating.  Unfortunately, it isn’t always easy to celebrate right away when 70% of college graduates have substantial debt hanging over their heads.  The average college graduate takes on $40,000 of debt and 43% of graduated students in debt are either behind on their payments or simply not making them.  However, this debt usually is not coming from one loan and is rather coming from several loans that can vary in interest rate and payments.

Read More