Matt Schulz | Source | Chief Consumer Finance Analyst at LendingTree

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Matt Schulz

Chief Consumer Finance Analyst at LendingTree
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Matt Schulz is Chief Consumer Finance Analyst at LendingTree, which provides tools, and educational resources that help people do everything from making credit card comparisons to managing their credit health. Matt's book ASK QUESTIONS, SAVE MONEY, MAKE MORE: HOW TO TAKE CONTROL OF YOUR FINANCIAL LIFE comes out in March 2024. Asking credit card companies, banks, hospitals, schools, and other businesses for better rates and discounts works. Here’s how to do it…

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  • Debt Relief Programs: Pros, Cons, and Alternatives
    Matt notes that while debt relief programs can settle debts for less, they may harm credit scores and incur fees. He suggests alternatives like debt consolidation or nonprofit credit counseling. Matt emphasizes self-empowerment, advising individuals to communicate with creditors about hardships for potential relief options, such as reduced interest rates or deferred payments.
  • Credit Card Rates: No Immediate Relief, But Savers Can Benefit
    Matt says, "Credit card rates have slightly decreased, but significant drops are unlikely soon." He advises exploring high-yield savings accounts and 0% balance transfer cards to manage debt. Matt emphasizes negotiating with lenders for better rates, noting many have successfully reduced their rates by doing so.
  • Maximize Your Rewards: Expert Tips for Choosing the Right Credit Card
    Matt explains the two main types of rewards cards: cash back and points/miles. He advises choosing based on personal goals and spending habits. To maximize value, select a card that aligns with your lifestyle. Avoid overspending for rewards, as interest can negate benefits. Understand sign-up bonuses require meeting spending thresholds, which can lead to financial strain.
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