Paying down debt isn’t easy. In fact, Business Insider reports the average American has $59,580 in debt, which includes mortgages, auto loans, student loans, and credit card debt. And most of us know all too well that paying it off isn’t the easiest task. However, this is where financial educator and Much Founder Carmen Perez comes in. According to her company’s website, she was swimming in a pool of $57,000 in debt, but today she is debt-free. Plus, she accomplished the feat in less than three years. Here are some of her tips.
Jun 28, 2023
With the help of financial innovations, the road to financial freedom is becoming more accessible for Black people and communities of color, and Qoins is a fintech startup helping to lead the way in continuing the streak of progress. Since its launch, Qoins’ mission has focused on helping their users pay off their debt and put money into their savings. Qoins’ strides in the financial wellness space have seen continued success and the app recently reached its latest milestone of paying over $20 million in consumer debt, according to a press release provided to AfroTech. “People of color, we tend to get the short end of the stick when it comes to interest rates,” co-founder Nate Washington tells AfroTech. “I can go into a whole spiel about how the credit score system is against us. For us, being able to see that impact and continue to get those testimonials where people tell us, ‘Hey, you really helped me pay off my student loans or my credit card and now I can actually do something...
Oct 4, 2021