Author: National Debt Relief
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What Variable APR Means for Credit Cards
A variable APR is an annual percentage rate that can change over time based on a benchmark interest rate. According to the Consumer Financial Protection Bureau, a variable-rate APR changes with the index interest rate, while a fixed APR does not fluctu…
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Which Is Better: Subsidized or Unsubsidized Student Loans?
Both subsidized and unsubsidized student loans are federal Direct Loans, carry the same interest rate for undergraduate borrowers, and come with the same repayment options and borrower protections. The single biggest difference is what happens to inter…
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Why Your Mortgage Payment Went Up
Most monthly mortgage payments are divided into four components, often abbreviated as PITI: principal, interest, taxes, and insurance. On a fixed-rate loan, the principal and interest portion is locked in at closing and never changes. But taxes and ins…
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IRS Statute of Limitations on Taxes Explained
Even after you file your taxes, the IRS may determine that you owe additional money. However, it only has a limited window of time to assess or collect what you owe. This time limit is known as the IRS statute of limitations. So how far back can the IR…
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20 Common Financial Errors of Older Adults and How to Avoid Them
Key Takeaways At no other time in life are finances more challenging than age 60+. Many retirees have fixed incomes that do not keep up with inflation. In addition, there are critical decisions such as the timing of Social Security benefits, choice of …
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Does the IRS Call You About Tax Debt? How to Tell What’s Real and What’s a Scam
If you’ve ever picked up the phone and heard someone claim you owe back taxes, your stomach probably dropped. But wait a minute. Does the IRS call you about tax debt? In most cases, the IRS won’t call you. They usually get in touch by sending letters, …
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Debt Consolidation vs. Credit Counseling: How These Repayment Options Compare
When debt payments are hard to keep up with, debt consolidation and credit counseling are two repayment options people often compare. Both may make debt easier to organize, but they work in different ways. Debt consolidation usually moves several…
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Pros and Cons of Paying Off Your Mortgage Early
It can be tough to pull off, but plenty of people consider paying off their mortgage early. But just because you can doesn’t always mean you should. There are pros and cons of paying off your mortgage early, especially if money is tight right now. …
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What’s The True Cost of Sports Fandom?
Nearly Half Sports Spenders Have Gone Into Debt Sports fandom has always come with a price tag. But today, the cost of jerseys, streaming subscriptions, game-day tickets and fantasy league buy-ins is climbing, making it more expensive to participate in…
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How Do Medical School Loans Work? Tips for Future Physicians
Medical school is a huge investment, and that often means borrowing money to pay for school. But how do medical school loans work, anyway? Weighing your financial options can feel overwhelming, especially when you’re already juggling paying for l…