Debt Relief Articles
Recession: And What One Means For You
Updated Mar 03, 2023
By Melissa Cook
A recession is a period of economic decline measured by a decrease in the Gross Domestic Product (GDP) for two...
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A recession is a period of economic decline measured by a decrease in the Gross Domestic Product (GDP) for two...
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Inflation
Updated Mar 03, 2023
By Melissa Cook
Inflation is a sustained rise in the general level of prices for goods and services. It is measured as an...
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Inflation is a sustained rise in the general level of prices for goods and services. It is measured as an...
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Interest
Updated Mar 03, 2023
By Minh Tong
In financial terms, interest is the cost of borrowing money. It is usually expressed as a percentage rate that must...
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In financial terms, interest is the cost of borrowing money. It is usually expressed as a percentage rate that must...
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Federal Funds Rate
Updated Feb 14, 2023
By Melissa Cook
The Federal Funds Rate is the interest rate at which banks and other depository institutions lend or borrow money to...
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The Federal Funds Rate is the interest rate at which banks and other depository institutions lend or borrow money to...
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Extinguishment Of Debt (And What It Can Mean For You)
Updated Feb 14, 2023
By Melissa Cook
Extinguishment of debt refers to the termination or cancellation of a debt obligation. This means that the borrower is no longer...
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Extinguishment of debt refers to the termination or cancellation of a debt obligation. This means that the borrower is no longer...
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What Is A Demand Note?
Updated Feb 14, 2023
By Minh Tong
A demand note is a type of financial instrument that represents a debt owed by one party to another. It...
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A demand note is a type of financial instrument that represents a debt owed by one party to another. It...
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Closed-End Credit
Updated Feb 14, 2023
By Aaron Sarentino
Closed-end credit refers to a type of loan or credit in which the amount borrowed is set in advance and...
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Closed-end credit refers to a type of loan or credit in which the amount borrowed is set in advance and...
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Secured Debt
Updated Feb 14, 2023
By Melissa Cook
Secured debt refers to a type of debt that is backed by collateral, which serves as security for the loan. This...
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Secured debt refers to a type of debt that is backed by collateral, which serves as security for the loan. This...
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Unsecured Debt
Updated Feb 14, 2023
By Melissa Cook
Unsecured debt refers to a loan or debt that is not backed by collateral. Unlike secured debt, where the borrower provides...
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Unsecured debt refers to a loan or debt that is not backed by collateral. Unlike secured debt, where the borrower provides...
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