If you fail to make payments, creditors will attempt to recoup the funds owed. If approved, creditors can freeze your bank account and withdraw funds directly. With a bank account levy in place, your options are limited.

Tracking the activity in your checking and savings accounts is a great money management strategy. In addition, your monthly bank statement is an excellent resource provided by your financial institution to assist you in staying on top of your finances.

A goodwill letter usually asks creditors to overlook the past due bill and accept your payment as if it had been received on time. The end result is left up to the creditor to decide whether or not to erase any negative marks on your credit report.

To attract new customers, credit card companies frequently advertise generous welcome bonuses. These welcome bonuses can quickly add up to many miles, points, and cash-back offers. Some people try to maximize their rewards by applying for multiple cards simultaneously. This process is known as credit card churning.

Payday loans have been around since the early 1930s. However, payday loans have become increasingly popular, especially among Generation Z. But despite their popularity, it’s important to note that payday loans have high-interest rates that could lead borrowers into debt.

The Buy Now, Pay Later (BNPL) service is a new payment method that has become increasingly popular. Despite BNPL becoming more widespread amongst the younger generation, this program carries significant financial risks if the money isn’t paid back on time.

We all need a place to call home. But rent prices, like most everything, seem to be rising ever higher. Here's how to know if your rent is not just high, but too high for you.

Debt collection agencies are infamous for how terribly they treat people. With some little-known facts, you can get through collections quickly and be much better off.

There are pros and cons to both debit and credit cards. It’s important to understand how to use both cards so that you can have great financial health.

Credit cards, debit cards and prepaid debit cards can all be used to make purchases.  The best best choice for you depends on your spending goals and what you want to get out of the card.