Latest blog posts about Debt

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  DebtDifferent ways to consolidate debt

  Debt consolidation can help roll several high-interest debts into a single, lower interest payment and may even help you pay off debt faster. There are several ways to consolidate debt, but which is the right one?

  

  Hannah Friedman, Sr. Content Manager  article author

  January 31, 2024
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  DebtWhat Credit Score Do You Need to Get a Loan?

  It is critical to understand credit score requirements when considering a loan for any purpose. Nearly all loan types carry some credit score requirement including a mortgage, home equity line of credit (HELOC), personal loan, and others.

  

  Hannah Friedman, Sr. Content Manager  article author

  April 6, 2023
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  DebtUnderstanding the different types of interest rates

  When you're borrowing money, the interest rate is part of what determines how much that loan will cost you over time. But you shouldn't always just choose the lowest rate offered.

  

  Hannah Friedman, Sr. Content Manager  article author

  February 1, 2023
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  DebtShould you invest only if you’re debt free?

  One of the biggest financial conundrums is whether to invest the extra cash you have at the end of the month into your savings or use it to pay off outstanding debts. The latter can be tempting as unpaid debt accumulates interest charges that only add to the total balance you need to pay off.

  

  Barron Ernst, Head of Product  article author

  January 25, 2023
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  DebtWhat are the types of bad loans?

  So what are bad debts? Any debt that you cannot repay is considered bad debt. Bad debts are also ones that do not contribute to your net worth or depreciate in value over time.

  

  Barron Ernst, Head of Product  article author

  January 11, 2023
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  DebtHow to Manage Debt in an Economic Downturn

  The money you pay in interest can’t be reclaimed. Thankfully, you don’t need to pay it in the first place if you play your cards right.

  

  Alysse Guitar, Director of Growth  article author

  May 1, 2022
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  Debt3 Reasons to Sell Your Home and 3 Reasons to Stay Put

  With low mortgage rates and the capacity for remote work, many families are considering moving. Here are some reasons why you might want to sell now, or why you might want to stay put.

  

  Barron Ernst, Head of Product  article author

  March 17, 2021