Debt Relief Articles
Promissory Note: What One Is And How It Works
Updated Jan 05, 2023
By Minh Tong
A promissory note is a written promise to pay a specific amount of money at a specified date. Promissory notes...
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A promissory note is a written promise to pay a specific amount of money at a specified date. Promissory notes...
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The Federal Trade Commission (FTC) And How It Protects Consumers
Updated Jan 05, 2023
By Minh Tong
The Federal Trade Commission (FTC) is a US government agency that works to protect consumers and promote competition in the...
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The Federal Trade Commission (FTC) is a US government agency that works to protect consumers and promote competition in the...
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Disbursement: What It Is And How It Works
Updated Dec 19, 2022
By Minh Tong
Disbursement refers to the distribution of funds, usually by a group or organization. For example, a government may disburse grants...
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Disbursement refers to the distribution of funds, usually by a group or organization. For example, a government may disburse grants...
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What Does It Mean To Default On A Loan Or Credit Card?
Updated Dec 12, 2022
By Minh Tong
Default is the failure to repay a debt. When you default on a debt, it means you’re unable to fulfill...
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Default is the failure to repay a debt. When you default on a debt, it means you’re unable to fulfill...
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Loan Forgiveness: Do You Qualify?
Updated Dec 12, 2022
By Aaron Sarentino
Loan forgiveness is a type of debt relief program that allows you to have some or all of your student...
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Loan forgiveness is a type of debt relief program that allows you to have some or all of your student...
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What Is A Lien?
Updated Dec 12, 2022
By Melissa Cook
A lien is a legal claim that gives a lender or creditor the right to take and sell your property....
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A lien is a legal claim that gives a lender or creditor the right to take and sell your property....
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What Is Delinquent Debt?
Updated Dec 05, 2022
By Melissa Cook
Delinquent debt is a term used to describe debt that has not been paid on time, or even at all.
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Delinquent debt is a term used to describe debt that has not been paid on time, or even at all.
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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...
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Forbearance is when a creditworthy borrower faces temporary hardship and is unable to meet their obligations, the lender may decide...
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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...
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Foreclosure is the legal process by which a lender repossesses a property from its owner when the borrower does not...
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