3 Tips for Getting Out of Debt

Being in debt is a terrible feeling that most Americans have gone through at one point, or are currently experiencing. Consumer debt can cause enormous stress and can prevent you from achieving certain goals such as retiring or purchasing your first home. Unfortunately, most people in debt are not able to get out of debt

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Slow Wage Growth May Create a Consumer Debt Crisis

Despite over 200,000 jobs being created in May alone, the United States has experienced an annual wage growth of just 2.7 percent. Due to this minuscule wage growth, recent data suggests that many American households have piled on additional debt with the expectation of higher wage growth – leaving them with no way to get

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Americans Are Gaining Debt Faster than the Economy is Growing

According to the Federal Reserve, total consumer credit, including credit card debt, auto loans, and student loans, rose by an astounding 5.1% during the first quarter compared to last year. In other words, consumer debt has risen from $184 billion to $3.8 trillion. While this is not necessarily a record high increase, it does indicate

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Is There Any Fast Way Out of Debt?… American Consumer Debt to Reach $4 Trillion by Year’s End

Just this month, LendingTree, an online platform that compares loans, released its Consumer Debt Outlook report for 2018. In their report, LendingTree considers consumer debt as non-mortgage related debts, including student loans, credit cards, auto loans, and personal loans. With this data, LendingTree found that, in 2018, Americans owe upwards of 26 percent of their

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