Is a Credit Card Cash Advance Better Than a Payday Loan? – creditcards.com

From creditcards.com, Jeffrey Arevalo, financial expert at GreenPath Financial Wellness, provides details about the pros and cons of short term loans such as credit card advances and payday loans. In a time of financial challenge, many people look to get cash into their budgets as fast as possible.  For those that don't...

Pros and Cons of Paying Off Loans Early – U.S. News & World Report

From U.S. News & World Report, Jeffrey Arevalo, financial expert at GreenPath Financial Wellness, provides insight about the pros and cons of paying off loans early.   A common question many people ask is if paying off loans early is a good option for borrowers. It is possible that paying off loans early...

Should You Get a Divorce Loan? – U.S. News & World Report

From U.S. News & World Report, Jeffrey Arevalo, financial expert at GreenPath Financial Wellness, provides insight about taking on debt during a divorce. Going through a challenge such as a divorce can impact personal finances, notes this article about the pros and cons of taking on a divorce loan posted by U.S. News...

Managing Debt in the Time of COVID

  • July 8, 2020
  • By: Greenpath Financial Wellness
  • Category: Coronavirus, Debt

In the early weeks of the pandemic, understanding the economic impact of the crisis was on the minds of most of us.  A specific concern was managing debt in the time of COVID.  The roll-out of forbearance programs as part of the CARES Act gave relief to millions of households and gave Congress time to bolster...

Credit Card Hardship Programs: How they Work, How to Qualify – Creditcards.com

From creditcards.com, Jeffrey Arevalo, financial expert at GreenPath Financial Wellness, provides details about credit card hardship programs. Credit card hardship programs are designed to help consumers through a tough financial time, with protections for anyone who might otherwise default. To figure out what steps...

The Ins and Outs of a Credit Card Charge-Off – Creditcards.com

From creditcards.com, Jeffrey Arevalo, financial expert at GreenPath Financial Wellness, shares what a credit card charge-off means to borrowers. In today’s economic climate, more people find themselves unable to make monthly credit card payments. If payments are missed for a few months, creditors might decide that...

Tax Return Not What You Expected?  Here’s What You Need to Know

Are you hoping to get a refund from your 2019 tax return? Many people intend to use their refund as a “forced savings plan” (essentially withholding extra taxes on purpose so that they get a larger refund at the end of the year, instead of being tempted to spend it during the year).  However, 42% of taxpayers who file...

Five Tips to Get Out of Debt in the New Decade

Featuring Jeremy Lark, Senior Manager of Client Services If you made a New Year’s Resolution to get out of debt, today’s a big day. By mid-January, most resolutions have fizzled. But -- YOU can say, NOT TODAY. If you feel yourself slipping, take a minute for a pep talk, remind yourself that you can do this, and check...

Pay Off Your Debt

  • January 5, 2020
  • By: Greenpath Financial Wellness
  • Category: Budgeting, Debt

If you are dealing with debt, you aren't alone. The average American household has an average balance of about $6,600 in credit card debt,  and that's not taking into account home, auto, and student loans. Paying off your debt isn't always easy, but having a plan can go a long way in achieving your financial goals. Two...

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