Credit and Debt Archives - Page 4 of 10 - The Outlier Model

4 Reasons Why You Can’t Get Out of Debt

get out of debt tips, debt freedom advice, paying off debt

Chonce Maddox / December 14th, 2016 / 1 Comment

Have you been wanting to get out of debt for some time, but can’t seem to make any progress? It’s no secret that paying off debt is definitely not a walk in the park. It’s much easier to get into debt than it is to get out. If you feel like you’ve reached a lull lately when it comes to paying off your debt, there may be quite a few reasons why you can’t seem to reach your goals. Here are...

What You Should Do Instead of Taking Out a Payday Loan

payday loan alternatives, other options to get a loan, loan options

Chonce Maddox / September 21st, 2016 / No Comments

Payday loans can be a real blessing and a curse. On one end, they provide quick cash that can help you get out of a financial bind when you have very little options. On the other hand, interest rates tend to be high and they can really set you back financially when you have to start paying back the loan. Payday loans are generally reserved for people with bad credit and therefore can’t qualify...

Posted in: Credit and Debt Tagged with: debt, payday loan, payday loan alternatives

Expensive Credit Card Needs Your Attention

James Hendrickson / September 7th, 2016 / No Comments

The average credit card debt per household carrying card balances in the USA exceeds $15,000. Credit card companies are delighted because they make their money from charging a high rate of interest on that debt at the end of each month. Where would they be if everyone paid off their balances in full each month and used their credit cards purely out of convenience? The probable answer is that they would...

Posted in: Credit and Debt

How to Reduce Your Debt and Save Thousands of Dollars

Chonce Maddox / June 2nd, 2016 / 1 Comment

When I first started getting serious about improving the way I manage my finances, I started consistently putting hundreds of dollars toward my debt each month. My minimum payment for the car loan I had at the time was $233 and my student loan payment was only $140 per month. Yet and still, I was committed to putting anywhere from $600-900 toward my debt each month. I remember getting when one of my...

Posted in: Credit and Debt Tagged with: debt payments, debt reduction, debt tips, extra debt payments, loan consolidation, pay off debt, reduce your debt, refinancing