Debt Relief Articles
Fair Market Value (FMV)
Updated Jan 30, 2023
By Minh Tong
Fair market value (FMV) is the price at which an asset would change hands between a willing buyer and a...
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Refinancing: Is It The Right Choice?
Updated Jan 30, 2023
By Aaron Sarentino
Refinancing is the process of obtaining a new loan to replace an existing one. The most common reasons to refinance...
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Insolvency (And What You Can Do About It)
Updated Jan 30, 2023
By Melissa Cook
Insolvency refers to the state of being unable to pay debts as they come due. It is a financial term...
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Grace Period: What To Know
Updated Jan 30, 2023
By Minh Tong
A grace period is a specified period of time after the due date of a payment during which a borrower...
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Debtor
Updated Jan 23, 2023
By Aaron Sarentino
A debtor is an individual or entity that owes money to another individual or entity. In the context of financial...
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What Is A Debt Collector?
Updated Jan 17, 2023
By Melissa Cook
A debt collector is an entity that tracks down and collects payments on overdue debts. A debt collector may be...
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What Is A Creditor
Updated Jan 17, 2023
By Minh Tong
A creditor is any person or organization to whom money is owed. This can include banks, individuals, businesses and government...
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What Is A 401(k)?
Updated Jan 17, 2023
By Minh Tong
A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of...
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The Truth In Lending Act
Updated Jan 17, 2023
By Melissa Cook
The Truth in Lending Act (also known as the TILA) is designed to promote the informed use of consumer credit....
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