Just about every business has some type of debt. There are a few businesses among us that have managed to exist in a debt free way. Unfortunately, that is not the majority. While many companies have debt, they do not truly understand how that debt impacts their business and financial situation. To get a better idea of how debt impacts your business, continue reading this article to learn about examples of the cost of debt.
Read MoreAre you planning to purchase a property? Knowing your debt-to-income ratio will help you determine if you are in a good position to borrow. It is a calculation performed by financial institutions to assess your level of debt.
Read MoreThe main advantage of the debt snowball method is personal motivation. The concept is easy to understand. Make the minimum monthly payments of all debt and then pay off the smallest debts before moving on to others.
Read MoreThere are many categories of debt that are not discharged in a personal bankruptcy with tax debt being on the top of the list with the highest priority of needing to be paid. This means whatever assets you have left are sold, if any, after a bankruptcy, are used for the tax debts.
Read MoreTotal debt by state has increased over the years. In general, state debt increases due to spending habits or a decrease can come from income sources, such as taxes. Keep reading to find out in detail what’s the debt situation in all 50 states today.
Read MoreGood debt is considered debt that has the potential to increase your net worth. Good debt can allow you to manage your finances effectively, help you leverage your wealth, and buy things you need to handle some unforeseen emergencies. Good debt can be seen as an investment, just like a bond or stock.
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