by Penn Credit Corporation | May 20, 2025 | Blog, Finance, Penn Credit Corporation
Debt often gets a bad reputation—but not all debt is inherently harmful. In fact, certain types of debt can be strategic tools for building wealth and improving your long-term financial position. The key lies in understanding the difference between “good debt” and...
by Penn Credit Corporation | Apr 15, 2025 | Blog, Finance, Penn Credit Corporation
Lifestyle creep, also known as lifestyle inflation, occurs when an increase in income leads to a proportional increase in spending. While wanting to improve your quality of life is natural, unchecked lifestyle creep can prevent you from achieving long-term financial...
by Penn Credit Corporation | Jan 27, 2025 | Blog, Finance, Penn Credit Corporation
Choosing the right strategy can make all the difference when paying off debt. The Debt Snowball and the Debt Avalanche are two of the most popular methods. While both approaches aim to help you achieve financial freedom, they differ in how debts are prioritized....
by Penn Credit Corporation | Dec 19, 2024 | Blog, Finance, Penn Credit Corporation
High-interest debt can feel overwhelming, but with the right strategies, it’s possible to regain control of your finances and work toward a debt-free future. Whether you’re dealing with credit card balances, personal loans, or payday loans, addressing...
by Penn Credit Corporation | Dec 2, 2024 | Blog, Finance, Penn Credit Corporation
Managing credit card debt can be a financial challenge, especially when interest rates compound on outstanding balances. A balance transfer is a popular and strategic method to manage and reduce credit card debt. When used wisely, balance transfers offer cardholders a...
