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Consumer Debt Skyrockets: Inflation and Credit Cards at Record Highs
The Federal Reserve Bank of New York recently released a sobering report: US consumer debt has reached a staggering $17 trillion, a new all-time high. This alarming figure is fueled in part by a surge in credit card debt, which has now surpassed $1.3 trillion. But what factors are contributing to this debt explosion, and what are the potential consequences?
Kuber Joins Forces with Operation Help A Hero to Support Military Families During the Holidays
In the spirit of giving and gratitude, Kuber Financial is proud to announce its continued partnership with Operation Help A Hero for the fifth consecutive year. Operation Help A Hero, a 501(c)(3) public charity dedicated to the well-being and care of American military members, has been making a significant impact on the lives of military units and their families. This collaboration reflects Kuber Financial's commitment to supporting those who have dedicated their lives to serving our country.
Credit Card Debt vs. Personal Loans: Which is Better for Consolidation?
Debt consolidation is a lifeline for many drowning in a sea of financial obligations. It simplifies the repayment process and can lead to significant cost savings. Two common methods for consolidating debt are credit card balance transfers and personal loans. In this blog post, we'll explore the merits and drawbacks of each to help you determine which is the better choice for consolidating your debts.
Debt Snowball vs. Debt Avalanche: Which Debt Repayment Strategy is Right for You?
When it comes to paying off debt, there's no one-size-fits-all solution. Different strategies work for different people, depending on their financial goals, personalities, and circumstances. Two popular debt repayment methods are the "Debt Snowball" and the "Debt Avalanche." In this blog, we'll break down these two strategies, highlighting their key differences and helping you determine which one might be the best fit for your unique situation.