What is Debt Resolution?

Updated Dec 06, 2022
By Aaron Sarentino
What is Debt Resolution?

This article will explain what is debt resolution and how it can save debtors from financial ruin and help you determine if it's the right course of action for you.

Read More

What is Delinquent Debt?

Updated Dec 05, 2022
By Melissa Cook
What is Delinquent Debt?

Delinquent debt is a term used to describe debt that has not been paid on time, or even at all.

Read More

What is Forbearance?

Updated Dec 05, 2022
By Melissa Cook
What is Forbearance?

Forbearance is when a creditworthy borrower faces temporary hardship and is unable to meet their obligations, the lender may decide to refrain from collecting on the debt. Forbearance allows the borrower additional time to...

Read More

Credit Card Debt Is Making a Comeback

Updated Dec 05, 2022
By Aaron Sarentino
Credit Card Debt Is Making a Comeback

US consumers continue to feel the impact of the current economic climate, leaning again on credit cards—as many did in the early days of the pandemic—to help cover daily expenses like food, gas, and...

Read More

Foreclosure

Updated Nov 30, 2022
By Minh Tong
Foreclosure

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 More

Dependent

Updated Nov 30, 2022
By Melissa Cook
Dependent

A dependent is someone who relies on another individual for the financial support they need to meet their basic expenses. An individual can be a dependent of different people throughout their life, such as...

Read More

What is Debt?

Updated Nov 30, 2022
By Minh Tong
What is Debt?

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 More

Liquidation

Updated Nov 30, 2022
By Melissa Cook
Liquidation

Liquidation is a process in which assets of a company are sold off to settle its debts.

Read More

What is an Interest Rate?

Updated Nov 30, 2022
By Melissa Cook
What is an Interest Rate?

Interest rates are the cost of borrowing money. The amount charged for this loan is commonly referred to as the interest rate. Interest rates can vary based on several factors, including the amount borrowed...

Read More
1 16 17 18 19 20 33