by Penn Credit Corporation | Apr 15, 2025 | Accounts Receivable Management, Blog, Penn Credit Corporation
Credit card rewards programs promise enticing perks—cashback, travel points, and exclusive discounts—but are they truly helping you save money? While rewards can be beneficial when used strategically, they often come with hidden costs that may outweigh their benefits....
by Penn Credit Corporation | Mar 19, 2025 | Accounts Receivable Management, Blog, Penn Credit Corporation
One of the most common financial dilemmas people face is whether to prioritize paying off debt or investing for the future. Both options have their advantages, and the right approach depends on factors like interest rates, financial goals, and risk tolerance. By...
by Penn Credit Corporation | Mar 19, 2025 | Accounts Receivable Management, Blog, Penn Credit Corporation
Making only the minimum payment on your debts may seem like a manageable way to stay afloat financially, but it comes with a hidden cost—one that can keep you trapped in debt for years, even decades. Understanding the real impact of minimum payments and adopting...
by Penn Credit Corporation | Feb 18, 2025 | Accounts Receivable Management, Blog, Penn Credit Corporation
Debt isn’t just a financial burden; it can also take a significant emotional toll. The stress, anxiety, and feelings of shame that often accompany debt can affect every aspect of your life, from your relationships to your mental health. Recognizing the emotional...
by Penn Credit Corporation | Jan 27, 2025 | Accounts Receivable Management, Blog, Penn Credit Corporation
In recent years, Buy Now, Pay Later (BNPL) services have surged in popularity, offering consumers an enticing alternative to traditional credit. Companies like Klarna, Afterpay, and Affirm promise instant gratification with the flexibility of spreading payments over...
by Penn Credit Corporation | Dec 19, 2024 | Accounts Receivable Management, Blog, Penn Credit Corporation
Debt consolidation is a popular strategy for managing multiple debts. It involves combining several debts into one loan, ideally with a lower interest rate or more manageable payment terms. While this approach can simplify your financial life, it’s not a...
