Is another unknown number calling you? Or are collection letters filling up your mailbox? It’s tempting to ignore debt collectors and hope they’ll forget about you. But even so, you’re probably wondering: What happens if you don’t pay a debt collector?…
Category: Financial Wellness
Paying for car insurance is a regular part of owning a vehicle. But between rent, groceries, gas, and everything else pulling at your paycheck, the last thing you need is an insurance bill eating up what’s left. Understanding how to lower car ins…
When most people take out loans, they don’t think they’ll have trouble repaying them later. Unfortunately, circumstances can change. And when they do, they sometimes cause major financial problems. Forbearance may help you get back on your feet. But wh…
Knowing what happens to your 401(k) when you die can spare your family extra confusion. In many cases, the answer starts with one small document: the beneficiary form on file with the plan. That is why this question matters so much. Families usually wa…
You miss a bill. Then another. Then suddenly you’re getting emails, calls, maybe even a letter from a company you’ve never heard of. If you’re wondering what happens when a bill goes to collections, here’s the real answer: it’s not one dramatic moment—…
Have you ever wondered what happens if you go over your credit card limit? One extra charge, one hotel hold or one payment that has not fully cleared can leave a card looking maxed out at exactly the wrong moment. The result of going over your limit ca…
If money is tight, what happens to your 401k when you quit your job can feel urgent. A lost paycheck has a way of making retirement money look closer and easier to reach than it really is, especially if you are already thinking about using your 401(k) …
Credit card companies usually make money from interest, merchant fees and some cardholder fees. Even when cards offer grace periods, rewards and 0% offers, the business can still make money. Let’s take a closer look at how it all works. Interest …
Most auto lenders don’t accept credit cards for monthly payments. That’s the short answer. The longer answer is that workarounds exist, each with its own fees and tradeoffs. Why Most Lenders Won’t Accept Credit Cards The reason comes down to proc…
A high-yield savings account is a smart way to grow your money while keeping it accessible. High-yield savings accounts have interest rates that are significantly higher than those of traditional savings accounts. For that reason, these accounts …