Promissory Note
Updated Jan 05, 2023By Minh Tong
A promissory note is a written promise to pay a specific amount of money at a specified date. Promissory notes are typically issued by borrowers and used as evidence of debt owed...
Read MoreFederal Trade Commission
Updated Jan 05, 2023By Minh Tong
The Federal Trade Commission (FTC) is a US government agency that works to protect consumers and promote competition in the marketplace. The FTC was established by Congress in 1914, and it has been responsible...
Read MoreDisbursement
Updated Dec 19, 2022By Minh Tong
Disbursement refers to the distribution of funds, usually by a group or organization. For example, a government may disburse grants or loans to individuals or businesses in need of support. Disbursement can also refer...
Read MoreHow to Refinance your Mortgage: Step by Step
Updated Dec 19, 2022By Minh Tong
A mortgage refinance is a type of home loan that allows you to pay off your existing mortgage with a new one. This can be beneficial if you want to lower your monthly payments,...
Read MoreWhat does default mean?
Updated Dec 12, 2022By Minh Tong
Default is the failure to repay a debt. When you default on a debt, it means you’re unable to fulfill your obligations under that loan agreement.
Read MoreHow To Pay Off Holiday Debt
Updated Dec 12, 2022By Minh Tong
Holiday debt has become a significant problem in the US, with many Americans falling into debt due to their holiday spending.
Read MoreForeclosure
Updated Nov 30, 2022By Minh Tong
Foreclosure is the legal process by which a lender repossesses a property from its owner when the borrower does not make payments on their loan.
Read MoreWhat is Debt?
Updated Nov 30, 2022By Minh Tong
Debt is money that you owe to another person or company. It usually comes in the form of a loan, where you borrow money and then have to pay it back with interest.
Read MoreDebt Ceiling
Updated Nov 30, 2022By Minh Tong
Debt ceiling is a term that refers to the maximum amount of money that can be legally borrowed by the US government.
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