Credit Card Delinquencies

Philadelphia Fed: Credit Card Delinquencies Highest Since 2012

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!Credit card delinquencies reached the highest levels in a long time, according to the Philadephia Federal Reserve. Consumers are feeling it as … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

401k Hardship Withdrawals Reach Record High

401(k) Hardship Withdrawals Reach Record High

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!All is not well in the economy right now. Credit card balances and 401(k) hardship withdrawals have all recently reached records highs. … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Total credit card debt in the US has increased to record levels.

Total Credit Card Debt in The US Reaches a Stunning $1.13 Trillion

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!Total credit card debt in the US reached new records at the end of 2023 as many Americans continue to struggle with … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Credit card interest rates at record highs.

Credit Card Interest Rates Hit Record High

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!Credit card interest rates have reached new highs over the last few months. Credit card borrowers are paying more interest than they … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

How to Get Equity Out of Your Home Without Selling

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!Home equity is a form of savings built up over many years of making mortgage payments, paying property taxes and insurance, and … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

How Credit Card Debt Ruins Credit Scores

How Credit Card Debt Ruins Credit Scores Even If You Pay On Time

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!Many credit card holders are surprised to learn that credit card debt can wreck your credit scores even if you make your … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

APY vs APR Image

APY vs APR: What’s the Difference?

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!The acronyms APY and APR sound similar, but they’re quite different. We’ll break down the differences between APY vs APR and explain … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Daily vs Monthly Compounding Interest

Credit Card Daily vs Monthly Compounding: Does It Make a Difference In How Much Interest You Pay?

Our content may contain affiliate links. If you click a link and apply, we may receive compensation at no added cost to you. We work hard to provide great information and appreciate your support!Credit card companies typically use daily or monthly compounding when calculating the interest bill on a credit card balance. Does it make … Read more

Mike Roberts
About Mike Roberts

Mike Roberts is the founder of HEAZone.com, a published author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.