Self-Help Articles Archives - Page 2 of 13 - American Credit Foundation

Self-Help Articles

Do I Need Credit Counseling?

Let’s face it: Debt has a way of creeping up. Small charges that add up over time or unexpected expenses can often lead to a mound of debt. This is particularly true during times of reduced income or unexpected job loss. Before we know it,...

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Reestablish Your Emergency Fund in 4 Steps

Was it an emergency appendectomy that landed you in the hospital? Or burst water pipes that flooded your basement? Or a fender-bender that resulted in some costly repairs? Whatever the reason, you tapped into your emergency fund to pay the bills. And now your precious...

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Do You Understand Your Credit Card Statement?

If you have a credit card, you surely know that you receive a monthly billing statement with all the information you need to know about the current status of your credit card account. Whether it comes hard-copy in the mail or electronically via email, you’ll...

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How to Save for Big Ticket Items

Too often, when faced with the need to make a major purchase, we find ourselves having to turn to consumer debt to fully pay for it. Due to lack of planning or unexpected timing, these one-time big expenses often end up costing big money for...

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How Debt Management Plans Affect Your Credit

When it comes to paying off a lot of debt, few methods are as efficient and effective as a debt management plan. While it’s one of the more extreme measures, in many ways, it can also be a direct path to debt freedom. A debt management...

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What To Do When the Mortgage Struggle Is Real

Let’s face it, life can throw some real curve balls. That perfect house you bought a few years ago may have started out looking like a dream come true, but now it’s turned into a debt nightmare. If paying the mortgage is keeping you up...

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What to Know When a Debt Collector Calls

Debt collectors are third-party businesses hired by creditors to collect unpaid debts. Some companies buy past-due debts from creditors or other businesses and then try to collect them. Say you have a past-due balance with ABCredit; they may hire PQRecovery to collect the debt you...

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2 Types of Personal Bankruptcy

Bankruptcy. It’s not a fun topic of conversation, but if personal bankruptcy is something that could be in your future, it’s important to understand what you’re facing. The first thing to understand is that bankruptcy, as scary as it sounds, won’t leave you penniless. On the...

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The Hidden Dangers of Credit Card Debt

Credit cards are such a convenience. Don’t like to carry wads of cash? Forgot your checkbook at home? Need quick access to funds? No problem! That little piece of plastic in your wallet solves all those problems. But such convenience has a price. And across the...

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