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According to a ValuePenguin study, credit card companies generate approximately $213 from each active credit card account per year. That translates to billions of dollars annually.

If you are struggling with a heavy credit card burden, you owe it to yourself and your family to explore all your debt relief options. The sooner you do so, the sooner you can find your way to true financial freedom.

“If you don’t take good care of your credit, then your credit won’t take good care of you.” – Tyler Gregory.

According to Experian, 72 percent of consumers believe that having a good credit score is important or very important. They're right. From the perspective of the financial industry, your credit score is one of the most important indicators of your financial health.

"The number one problem in today’s generation and economy is lack of financial literacy." - Alan Greenspan, former Chair of the Federal Reserve of the United States

Warren Buffett, the world-renowned billionaire and financial expert, advises:

“Don’t save what is left after spending; spend what is left after saving.”

The economic impact of the COVID-19 pandemic has affected the personal finances of many. Under such exceptional circumstances, how do you sort out your bills? Housing should be a top priority...

Debt has become ingrained in American culture. Today, few of us can imagine a car without payments, a house without a mortgage, or a college student without a loan. In addition to these debts, Americans are also carrying a significant amount of credit card debt.

The financial implications of the coronavirus global lockdown have rippled across the country, affecting businesses and their employees. About 16.8 million Americans filed for unemployment in the past three weeks as COVID-19 adversely affected every industry nationwide.

Congress approved a significant stimulus package on March 27 to assist Americans struggling with the COVID-19 emergency. Most people will receive an additional $1,200 from this plan. If you have children under the age of 18, you’ll also be provided $500 for each child.

Financial difficulties can be challenging. If you suddenly find yourself in a situation where you have a bevy of bills to pay, a lack of funds, and you aren’t sure how you can pay these monthly bills, then you understand financial hardship. Financial hardships occur when you lack the money to pay for your necessary expenses, and taking on debt or missing payments might seem like your only solution. Many Americans are currently experiencing these types of issues, so know that if you are in this position, you are not alone, and you don’t need to feel embarrassed. Instead, there are some steps you can take to help yourself out with this type of situation.