Choncé Maddox

Choncé Maddox

About the Author

Choncé is a Certified Financial Education Instructor (CFEI) and a nationally recognized personal finance and budgeting expert. She's paid off $50,000+ of personal debt and her debt story has been highlighted in Essence Magazine and on "Good Morning America" as part of its 2020 Debt-Free Decade series. Her work has been featured on sites, including Business Insider, LendingTree, Credit Sesame, Barclaycard, and The New York Post. Choncé was named one of the top financial experts to follow on Instagram by Black Enterprise.

Latest Posts

15 posts written/edited to date

Guide

24,548 views

11 min read

What is Secured Debt? When Lenders and Credit Card Issuers Require Collateral

What is Secured Debt? How Financing Collateral Works

Let’s be real — debt isn’t exactly the kind of thing you want to shout about from the rooftops. But secured debt can be a great tool for... read more »

By: Choncé Maddox • 12/18/24

Guide

43,738 views

9 min read

What it Means When You Have No Credit History

What it Means When You Have No Credit History

If you’ve ever tried to get a credit card or loan only to be met with a “Sorry, we have nothing to go on,” it means you have no credit history.... read more »

By: Choncé Maddox • 11/20/24

Guide

29,792 views

7 min read

What is an Interest Rate? How Your Credit Rating Can Determine the Cost of Financing

How Interest Rates Work in Loans and Credit Cards

When you hear the term “interest rate,” does your brain start to spin with numbers and jargon? Borrowing money from a lender is hardly ever free.... read more »

By: Choncé Maddox • 11/19/24

Guide

39,202 views

7 min read

What are Installments? A Closer Look at Fixed Loan Repayments

What are Installments? A Look at Loan Repayment Structures

If you’ve ever taken out a loan or shopped for something big, like a car, furniture, a new smartphone, or even a dream vacation (yes, we see you... read more »

By: Choncé Maddox • 10/1/24

Guide

49,602 views

9 min read

What is Foreclosure? How Homeowners Can Avoid the Painful Process

What is Foreclosure? How Homeowners Can Avoid the Painful Process

If you’ve ever missed a bill payment (or come close), you know the sinking feeling that can come with it. When that happens with your mortgage,... read more »

By: Choncé Maddox • 9/16/24

Guide

98,714 views

9 min read

Best Small Payday Loans Online in 2025

7 Best Small Payday Loans Online

Has an expected expense caught you off guard and left little money until your next paycheck? Payday loans are short-term loans that are designed... read more »

By: Choncé Maddox • 11/6/23

Guide

76,274 views

13 min read

$6,000 Loans for Bad Credit in 2025

5 Best $6,000 Loans For Bad Credit

If you need to borrow thousands of dollars for an unexpected or urgent expense, a personal loan can be a great option to quickly get the money... read more »

By: Choncé Maddox • 10/23/23

Guide

100,000+ views

11 min read

Instant Approval Credit Cards with Instant Use in 2025

How to Get an Instant Approval and Use Credit Card

The process of getting accepted for a credit card and quickly activating it is becoming more streamlined and easier to do. Instant approval... read more »

By: Choncé Maddox • 9/13/23

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