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

Forbearance is when a creditworthy borrower faces temporary hardship and is unable to meet their obligations, the lender may decide... Read More

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

US consumers continue to feel the impact of the current economic climate, leaning again on credit cards—as many did in... Read More

Foreclosure: What It Is And How It Works Updated Nov 30, 2022 By Minh Tong

Foreclosure is the legal process by which a lender repossesses a property from its owner when the borrower does not... Read More

Dependent: How One Is Defined Updated Nov 30, 2022 By Melissa Cook

A dependent is someone who relies on another individual for the financial support they need to meet their basic expenses.... Read More

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

Debt is money that you owe to another person or company. It usually comes in the form of a loan,... Read More

Liquidation: What It Is And How It Works Updated Nov 30, 2022 By Melissa Cook

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

Interest rates are the cost of borrowing money. The amount charged for this loan is commonly referred to as the... Read More

The Debt Ceiling (What It Is And Its Impact On You) Updated Nov 30, 2022 By Minh Tong

Debt ceiling is a term that refers to the maximum amount of money that can be legally borrowed by the... Read More

What Is A Guarantor? Updated Nov 21, 2022 By Minh Tong

A Guarantor is the person who promises that a borrower will pay back his or her debts. Read More

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