Debt Relief Articles

Inflation Updated Mar 03, 2023 By Melissa Cook
Inflation Inflation is a sustained rise in the general level of prices for goods and services. It is measured as an... Read More
Interest Updated Mar 03, 2023 By Minh Tong
Interest In financial terms, interest is the cost of borrowing money. It is usually expressed as a percentage rate that must... Read More
Federal Funds Rate Updated Feb 14, 2023 By Melissa Cook
Federal Funds Rate The Federal Funds Rate is the interest rate at which banks and other depository institutions lend or borrow money to... Read More
Extinguishment of Debt Updated Feb 14, 2023 By Melissa Cook
Extinguishment of Debt Extinguishment of debt refers to the termination or cancellation of a debt obligation. This means that the borrower is no longer... Read More
Demand Note Updated Feb 14, 2023 By Minh Tong
Demand Note A demand note is a type of financial instrument that represents a debt owed by one party to another. It... Read More
Closed-End Credit Updated Feb 14, 2023 By Aaron Sarentino
Closed-End Credit Closed-end credit refers to a type of loan or credit in which the amount borrowed is set in advance and... Read More
Secured Debt Updated Feb 14, 2023 By Melissa Cook
Secured Debt Secured debt refers to a type of debt that is backed by collateral, which serves as security for the loan. This... Read More
Unsecured Debt Updated Feb 14, 2023 By Melissa Cook
Unsecured Debt Unsecured debt refers to a loan or debt that is not backed by collateral. Unlike secured debt, where the borrower provides... Read More
Prepayment Penalty Updated Feb 14, 2023 By Aaron Sarentino
Prepayment Penalty A prepayment penalty is a fee imposed on a borrower who pays off their loan earlier than the agreed upon... Read More
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