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Holiday debt has become a significant problem in the US, with many Americans falling into debt due to their holiday spending.
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 experts proposing various solutions to address the problem. Proposed solutions range from forgiving all student loan debt to implementing income-based repayment plans. However, finding a fair and effective solution continues to be a challenge.
Family loans can be an effective way to lend or borrow money in a pinch. Learn all about family loans and what you need to know before you agree to one.
Achieving financial stability requires sacrifice and persistence. The beginning of a new year is always an ideal time to reflect on your financial goals and make resolutions to improve your financial future.
It’s no secret that healthcare costs in the U.S. have become staggeringly high over the last decade, making it difficult for the average person to afford and pay off medical debt.
Being debt-free does not mean that you are finished with your financial journey. People do many things after going debt-free, but not everyone thinks about them beforehand. This article will discuss ways to put the resources you once dedicated to debt repayment to good use.
More and more Americans are racking up credit card debt as the recent inflation pushes up the cost of living nationwide. Read this article to understand the correlation between inflation and credit card debt.
Paying down your debt seems pretty straight forward. However, it involves much more than merely making monthly minimums or avoiding interest. Avoiding these 5 mistakes will save you money and help you pay down your debt faster and more safely.
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.
Debt to income ratio is a financial term used to describe the percentage of an individual’s monthly income that goes towards paying debts. This figure provides creditors with an indication of an individual’s ability to make debt repayments, and is therefore an important factor in credit decisions.
Lenders use your credit score to determine your creditworthiness. It is essentially a grade that tells them how likely you are to pay them back in full and on time. This grade will influence whether you can get approved for mortgages, auto loans, credit cards, rental apartments, and even may affect your employment. Needless to say, it’s vital to keep up to date with your credit score, but how often can you check it?
Improving your credit score after finishing a debt relief program can be intimidating, but the process becomes easier when you break it down into smaller steps. Read on for 5 ways to increase your credit score after finishing a debt relief program.
The Fair Debt Collection Practices Act (FDCPA) is a federal law that regulates the behavior of debt collectors and provides consumers with protection from abusive, deceptive, and unfair debt collection practices.
The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from unfair and abusive debt collection practices.
You can’t completely rule out the possibility of you being a victim of credit card and identity theft, but with some maintenance, vigilance, and additional layers of security, you can protect your credit card and your online shopping experience.
An unsecured loan is a loan that is not backed by collateral. This means that the lender does not have a claim to any specific assets of the borrower in the event of default.
Fair market value (FMV) is the price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Refinancing is the process of obtaining a new loan to replace an existing one. The most common reasons to refinance include reducing the interest rate, shortening the loan term, or changing the type of loan.
