Understanding the Psychology Behind Your Debt
Hey Hey, Prosperity Partners! Is your rising debt taking up space in your head? Did you know that your mindset about your debt could set the tone for how you handle your finances AND how you grow your debt? Studies estimate that American households are carrying more than $17.29 trillion in various forms of debt, […]
6 Proven Steps to Start Reducing Your Debt in 2024
Ready to tackle your debt in 2024? Our guide outlines effective and achievable steps for debt reduction, budgeting, and achieving financial stability.
The Ultimate Guide to the Statute of Limitations on Debt
Did you know that not all debt is created equal? It’s true! In this article, we’re going to dive into the world of debt and the statute of limitations surrounding it. We’ll also explore why this information is important and how it can impact your financial situation. What is the Statute of Limitations on Debt? […]
The State of Student Loan Forgiveness 2022
The student loan landscape has seen a flurry of changes throughout 2022. Some folks have seen the gifts of forgiveness. Many others have more questions than answers. Where does student loan forgiveness stand as we draw closer to the end of 2022? Here’s where we were about this time last year. Now, let’s look at […]
Is Navient Student Loan Forgiveness the First Domino to Fall?
It was a celebration heard across the country: Navient, one of the largest student loan lenders, is set to forgive more than $1.7 billion in subprime loans per court orders. For more than 66,000 borrowers, the ruling provides financial burden relief they’ve been anxiously hoping for. So, what comes next? There are still a lot […]
The Right Way to Use Balance Transfers to Pay Off Debt
Balance transfers are beautiful things. They’re one of the most popular debt consolidation methods that help you get rid of high-interest payments so you can pay off your debt faster. But should you use balance transfers to pay off debt? And if so, how do you go about it the right way? Here’s what you […]
The Difference Between Debt Verification and Debt Validation
The collection agency called. What you do next could have a significant impact on your finances and your credit score. If you’ve ever been the target of collections calls and letters, chances are you’ve heard the terms debt verification and debt validation somewhere in the mix. The two sound similar and are often used interchangeably. […]
Student Loan Forgiveness 2021: Where Do We Stand?
It’s been nearly nine months since President Biden took office, and millions of students and their families are still holding their breath waiting for student loan forgiveness. This was a key pillar of Biden’s campaign, as the $1.57 trillion in outstanding student loan debt is being pegged as one of the top sources of modern […]
How to Create a Debt Payoff Strategy
Life gets expensive. Sometimes, going into debt is part of life: for example, you need money to buy a car to go to work (so you have money to pay off your car!). For some people, debt becomes comfortable. It lets us finance the things we need or want. For others, debt is their only […]
Handling Debts When a Loved One Dies: What are Your Obligations?
No one wants to think about money when a loved one passes away; it seems like such a superficial and unimportant topic when your world has been shaken. Still, the fact is that deaths occur every day. You need to understand your role in handling a loved one’s debts when they pass. What Happens to […]