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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.
No matter what your reason for refinancing is, our guide will help you understand how to refinance a car with step-by-step directions.
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 as the only way out.
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 you in the long run.
Mastering your finances might sound like a daunting journey. However, every day you wait, debt and poor spending decisions compound and make the path to mastery all the more difficult. Fortunately, wise financial choices made sooner also compound, ensuring a bright financial future. Here are 4 tips to help you manage your money.
A debt service coverage ratio (DSCR) is a financial metric used to assess a borrower’s ability to pay back debt obligations. This ratio applies primarily to businesses or individuals taking on debt, such as through a loan or bond issuance.
The debt-to-equity ratio is a metric that measures a company’s financial leverage. Debt to equity is important for assessing a company’s ability to pay back its debts and meet its financial obligations.
Here’s everything you need to know if you’re thinking about consolidating your credit card or other debt.
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 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.
Major security breaches have become too common of a story, with retailers and websites hacked with alarming frequency. It has become so common that it can often take a fairly egregious breach – think SONY in 2014, or Target in 2013 – for something to become a high-profile news story. Stealing and selling personal information […]
A dependent is someone who relies on another individual for the financial support they need to meet their basic expenses. An individual can be a dependent of different people throughout their life, such as parents, spouses, partners, or even employers.
Debt is money that you owe to another person or company. It usually comes in the form of a loan, where you borrow money and then have to pay it back with interest.
