Self-Help Articles Archives - Page 3 of 13 - American Credit Foundation

Self-Help Articles

How Debt-to-Income Ratio Is Calculated

Debt-to-income ratio (DTI) is one of those financial terms that probably sounds vaguely familiar to you. You know you’ve heard it somewhere before, but you can’t quite remember what it is – or why you should care. The truth is, unless you have applied for...

Read More

Need to Reduce Your Debt? DON’T DO THIS

We talk a lot about debt – particularly getting out of debt. And while we cover a lot of strategies that help many people dig out of a financial hole, it’s time for a frank discussion about a few schemes that don’t work for a...

Read More

Store Credit Cards – The Good and the Bad

Does this sound familiar? Every time you check out, the cashier at your favorite department store asks if you’d like to save 10% on today’s purchase by signing up for the store’s credit card. You perpetually turn down the offer because you don’t want to go...

Read More

Student Loan Default Explained

When you took out your student loan, you signed a promissory note and entered into a legally binding contract promising that you’d repay your lender when the time came. Well, the time has come. Now, what do you do to make sure you’re holding up...

Read More

Should I Consider Debt Consolidation?

Debt consolidation as a financial tool has been around in one form or another for years. While it may sound like a complicated industry term used by experts, it is actually a fairly simple concept for rolling multiple unsecured debts into one single loan for...

Read More

Debt Payment Options for Every Budget

Debt. We all have it. Debt in itself is not always bad. It can be a helpful tool in, say, covering bills during employment gaps or paying for a college education. But excess debt can be a financial burden – one that limits your ability...

Read More

How Long Do I Keep My Credit Card Statements?

In this digital age, many of us have ditched the mailed copies of our credit card statements. Instead, we do all our mobile banking on our computers or phones. But there are still holdouts, for a variety of reasons, who prefer the piece of paper...

Read More

Debt Consolidation: Which Type Is Right for You?

What’s more stressful than a pile of high-interest credit card debt? A pile of high-interest credit card debt that’s spread out over several cards, each with their own balances, minimum payments, interest rates, and due dates.  If you’re struggling with multiple credit cards with high balances,...

Read More

Should You Refinance Your Student Loan?

Many people take advantage of student loans to help finance their college education. These loans are typically owned by the federal government and offer specific benefits not available through private lenders. Proof of credit, a source of income, and even co-signers are unnecessary in most...

Read More