Consumer Finance Blog

Advice, tips, and insights for the average consumer
How long does it take to recover from repossession. BankruptcyCollectionsConsumer CreditFinancial AdviceFinancial TipsGet Out of DebtPersonal Finance

How long does it take credit to recover from a vehicle repossession?

Seriously, how long will it take for my credit to recover from a repossession? Repossession of a vehicle is a legal process where a bank or other lender can regain possession of your vehicle. Vehicle repo laws differ state by state, but your vehicle purchase contract should include all the…
Consumer First Financial
January 1, 2024
What is the average credit card debt? Consumer CreditCredit CardsCredit ScoreDebt Relief ProgramsFinancial AdviceFinancial TipsPersonal Finance

How do you stack up to the average credit card debt?

What is credit card debt? Americans have several different types of debt, beyond credit card debt, which includes mortgages, auto loans, and student loans. All are totaling up to an average debt per household of $132,529. Besides standard credit card debt, like an everyday credit card, consumer finance accounts also…
Consumer First Financial
August 24, 2020
Americans have credit card debt. Consumer CreditCredit CardsCredit ScoreDebt Relief ProgramsFinancial AdviceFinancial TipsPersonal FinanceUnsecured Debt

Americans Have Credit Card Debt. A Lot of It.

American’s Average Credit Card Debt: How Do You Measure Up?  Despite minor growth in household income levels over the past few years, Americans are still largely burdened by consumer debt. This is by and large due to student loans, mortgage and of course, credit card debt.  According to the Wall…
Consumer First Financial
April 24, 2020
Minimum credit card payments. Credit CardsCredit ScoreDebt Relief ProgramsDebt SettlementFinancial TipsGet Out of DebtPersonal FinanceUnsecured Debt

Making minimum payments on your credit card is like treading water.

The Real Cost of Making Minimum Payments on Your Credit Cards Like any rational consumer, minimizing loss and maximizing gains is the ultimate goal for your finances. A credit card can easily give you a false sense of security, emboldening you to spend when you should be saving. A creditor…
Consumer First Financial
March 10, 2020
Mange your money with these 10 simple tips. BudgetFinancial AdviceFinancial TipsGet Out of DebtMoney ManagementPersonal FinanceSaving Money

Manage Your Money With These 10 Simple Tips.

Manage your money, before your money manages you. For many, the thought of mastering money management invokes fears of math, organization, and responsibility. When we’re children, there’s no concern about how to manage our money. But as our lives grow, so do our responsibilities. With each new year comes new…
Consumer First Financial
September 16, 2019