Debt Relief Articles
Benefits and Drawbacks to Home Equity Loans: Is it Right for You?
Updated Mar 14, 2023By Melissa Cook
A home equity loan is a type of loan that allows homeowners to borrow against the equity they have built up in their homes. The loan is secured by the home, which means that...
Read MoreCredit Counseling
Updated Mar 14, 2023By Minh Tong
Credit counseling is a service offered to individuals who are struggling with debt management or are looking to improve their financial situation. It is a process that involves working...
Read MoreCharge-Off
Updated Mar 14, 2023By Melissa Cook
A Charge-Off is a financial term used to describe a situation where a creditor writes off an outstanding debt as uncollectible. In simpler terms, it means that the creditor has given up on...
Read MoreConsumer Finance Protection Bureau (CFPB)
Updated Mar 14, 2023By Aaron Sarentino
The Consumer Financial Protection Bureau (CFPB) is a federal agency in the United States that was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act...
Read MoreCapital Gains
Updated Mar 10, 2023By Melissa Cook
Capital gain refers to the profit that an individual or entity realizes when they sell an asset for a price that is higher than the price they initially paid for it. In other words, it...
Read MoreCash Flow
Updated Mar 10, 2023By Melissa Cook
Cash flow is the movement of money in and out of a business or individual's accounts over a given period. It measures the amount of money that flows into and out of a business, indicating...
Read MorePrincipal
Updated Mar 10, 2023By Melissa Cook
In financial terms, the principal refers to the initial amount of money that is borrowed or invested, upon which interest is calculated or earned. It is the original amount of money involved in a...
Read MoreWhat Is Amortization?
Updated Mar 10, 2023By Melissa Cook
Amortization refers to the process of spreading out the cost of an asset over its useful life. In financial terms, it is the gradual reduction of a loan or debt through regular payments of...
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