The Coronavirus pandemic has caused irrefutable risk to the health and safety of hundreds of millions of people around the world, but the economic devastation is just getting started.
With stay-at-home orders pausing most travel and foot traffic, mass layoffs and an astronomical jump in unemployment, and small businesses going under left and right, the impact may be felt the ... Continue Reading →
Most of us have at least one credit card, debit card, or some sort of charge card in our wallet or purse (or, a lot more than one!). These days, we reach for them without a second thought for many of our purchases, as charging-it-on-plastic has become a way of life. But little do we know, the credit card ... Continue Reading →
- Credit card debt is at an all-time high – and still on the rise.
At the end of Q4 of 2018, the Federal Reserve Bank of New York announced that U.S. personal credit card debt hit the $870 billion mark. Not only do they expect that number to hit $900 billion in 2019, but it also marks the highest level ... Continue Reading →
Are you making mistakes when it comes to your credit score? A lot of consumers may think they have a good idea of how to manage their credit, but keep making these same errors, over and over. Avoid these credit mistakes your FICO score will be on the rise!
The 8 most common credit mistakes:
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- Worrying too much about having your ...
Let’s face it: we’re all trying to save a buck.
In fact, the Average American has some sort of money-saving on their annual list of resolutions or goals. It’s also more of a necessity than ever, as more families are living paycheck-to-paycheck than ever before in the U.S., with an average of only about ... Continue Reading →
We’ve all seen a movie and then looked forward to the sequel. Usually, the second film isn’t as good as the first, and we leave the theater somewhat disappointed. But, sometimes, part II is even better than the original, and we walk out thoroughly entertained.
So, when we talk about the horror film of credit card debt in the United States, American consumers ... Continue Reading →
We regularly hear about financial statistics like national debt, unemployment rates, and even homeownership levels in the U.S. Whether it’s on the TV news, in the newspaper, or via news reports online, it seems like we can’t escape data about our economy – and the individual consumers in it. However, there is ... Continue Reading →
I came across a statistic the other day that gave me pause and made me reflect upon what so many people are doing wrong when it comes to their finances.
According to recent surveys, about 50% of Americans die completely broke.
Even worse, most people pass away not only with a net worth of zero but addled with significant debt. In many cases, that ... Continue Reading →
At Blue Water Credit, we focus on educating our clients so they’re empowered to make good financial decisions that save them a lot of money. Today, we thought we’d bring you some valuable information in a different form – covering credit, debt and financial facts from 1 all the way to $15 trillion!
1 You may lose your one and only chance ... Continue Reading →
Amid our current rosy good news of stock market surges and economic growth, there sits an extremely prickly thorn: high credit card debt. In fact, the levels of U.S. consumer credit cards and other personal debt have reached levels not seen since the debt parade stopped in 2008 with the U.S. financial collapse.
In fact, as of 2016, our collective consumer credit card ... Continue Reading →