You can try to do a calculation for child support on your own. You will need information regarding income, child care costs, and health insurance costs. Here is the link:
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More Than 40 Percent of US Adults Struggling
In 2017, the Consumer Financial Protection Bureau released the results of a survey which showed that more than 40 percent of US adults are struggling to make ends meet. Those who are struggling are running out of food, cannot afford a place to live, or don’t have money to get medical treatment. People who are 65 and older are doing better financially. Younger adults, those 34 and younger, are not doing as well.
Have you Thought of This to Check Your Credit Score?
Many credit card companies, as well as some banks and credit unions, will give you your credit score each month. They can list your credit score each month on your monthly statement. Or you can log on to your account each month to check your credit score.
CareCredit
CareCredit is a credit card you can use for health-related expenses. Do you have health care costs that are not covered by your health insurance? You may be able to use CareCredit to pay for those expenses. CareCredit is better than a regular credit card because you may be able to pay no interest or deferred interest. Here is their website:
Buying a Used Car
You should know what the fair market price of a used car is before you buy the car. The fair market price is based on several factors, including mileage, options and the condition of the car. To find out a car’s fair market price, try these websites:
Getting Rid of Debt From Your Credit Report
You can try to dispute items on your credit report. The dispute process can be time consuming, and you may not get any results even after months of trying. Sometimes the only way to get rid of debt is to file a bankruptcy. For many people, filing bankruptcy is the fastest and cheapest way to clean up their credit report.
Want to Buy a House? Starting Point
If you want to buy a condominium or a house, one of the first steps is to look at your credit report and your credit score. These are two different things. Your credit report is an actual report that is a few pages long. Your credit score is a number, usually a 3 digit number. It is a good idea to check your credit every 4 months. Checking your credit report does not hurt your credit score.
Student Loan Payments
One of your best chances for getting affordable payments on your federal student loans is to apply for an income based repayment plan. Your monthly payment could be as low as $0 per month if your income is low enough. Remember: this only applies to federal student loans, not private student loans. Go to this website for more information:
https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven
Payday Loans
Payday loans are usually given in amounts from $100 to $1,000. You may pay $30 to borrow $100. With interest rates and finance charges, you may be paying 300% to 750% in annual interest. The loan will typically be due on your next payday. If the payday loan is loaded onto a debit card, there could be more fees.
Debt Settlement Companies
Beware of debt settlement companies that do any of the following:
- They say there is a “new government program” to wipe out debts
- They guarantee your debts will go away
- They tell you they can stop all lawsuits
