Taking Responsibility for Debt While Avoiding Bankruptcy

Updated Nov 18, 2022
By Aaron Sarentino
Taking Responsibility for Debt While Avoiding Bankruptcy

Are your finances teetering on a cliff edge? Do you owe debt collectors far more than you can possibly repay? When you face financial hardship and seem unable to recover, you’ll probably see bankruptcy...

Read More

Liability

Updated Nov 16, 2022
By Melissa Cook
Liability

In finance, liability refers to an obligation or debt that an individual or company is responsible for repaying. This can include items such as loans, credit card debt, and unpaid taxes. Liabilities must be...

Read More

What is Escrow?

Updated Nov 16, 2022
By Melissa Cook
What is Escrow?

Escrow is a financial arrangement where a neutral third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps to ensure that both parties fulfill...

Read More

What is a FICO Score?

Updated Nov 16, 2022
By Melissa Cook
What is a FICO Score?

A FICO (Fair Isaac Corporation) Score is a measure of creditworthiness, calculated using information from the consumer's credit report.

Read More

What is Bankruptcy?

Updated Nov 16, 2022
By Minh Tong
What is Bankruptcy?

Bankruptcy is a legal process where an individual or business unable to pay their debts can get a fresh start. It allows them to either restructure or eliminate their debt obligations and protect their...

Read More

Average Student Loan Debt in the US: Statistics & Facts

Updated Nov 14, 2022
By Melissa Cook
Average Student Loan Debt in the US: Statistics & Facts

Over the last decade, the price tag of a college education has continued to climb higher and higher. So much so that it has become a hot topic in recent years, with politicians and...

Read More

Home Equity Loans

Updated Nov 14, 2022
By Minh Tong
Home Equity Loans

A home equity loan is a type of loan in which the borrower uses their home as collateral. The loan amount is determined by the equity in the home, or the difference between the...

Read More

Understanding Bankruptcy: Chapter 7 vs. Chapter 13

Updated Nov 11, 2022
By Aaron Sarentino
Understanding Bankruptcy: Chapter 7 vs. Chapter 13

If you are running out of options to pay off your debts, this article will explain the differences between chapter 7 and chapter 13 bankruptcy and provide an alternative that may be better for...

Read More

What is a Mortgage?

Updated Nov 07, 2022
By Melissa Cook
What is a Mortgage?

A mortgage is a loan used to purchase a property. The borrower makes monthly payments toward the loan, which go towards paying off the principal amount borrowed as well as interest on the loan.

Read More
1 19 20 21 22 23 34