The chance of you needing to borrow money at some point in your life is pretty great. However, not every type of debt is going to be bad for you. For example, it can be pretty hard to buy a home without taking on some kind of debt. There are two types of debt. When you need to borrow money, it’s important to know what kind of debt you are taking on and if that debt is unsecured or secured debt.
Read MoreGetting a college education can be a very expensive thing. Many students end up borrowing money to cover their tuition and fees. They graduate with a brand-new degree and a bottom-line full of college debt. The loan repayment is manageable for some people. But for others it is overwhelming. That’s where student loan debt management programs come into play.
Read MoreThe average American debt situation spiraled out of control for numerous reasons. The larger situation impacts each individual in many ways, while each individual’s debt situation feeds into to create a larger problem.
Solving the debt crisis requires each individual working their way out of debt and the government solving the problems that created the crisis. The first step to stop drowning in debt is understanding debt.
Read MoreAs interest rates go down, people take on more debt because it seems to make sense to them. They think about the current low and its interest rate. They do not seem to think about their total debt. Mortgages take up about 66 percent of all household debt.
Those numbers are staggering, but what does that mean for you? It means that you need to be aware of your own household debt and begin to work towards lowering it.
Read MoreFiling for bankruptcy can be a big decision to solve your debt problems. It can be a long process and an emotional one if you are trying to discharge debts. Be sure to do your research, evaluate your options, and then make a decision that helps you reach your financial goals
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Getting a personal loan to pay off debt can be a really wise move - if you handle it responsibly, that is. If you are going to do it, though, you need to be ready to make big changes in your life.
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The student loan debt crisis has been a popular topic for quite some time, and with good reason. With Americans owing almost $2 trillion in student loan debt, it is a tough subject to ignore. With the 2020 Presidential race going strong, it is no surprise to see the majority of candidates offering their idea of a solution for this problem. In order for any of the plans to work, the candidate and the voters need to understand this problem on a deeper level.
Read MoreGetting married can be a really expensive thing to do. WeddingWire’s 2019 Newlywed Report found that the average wedding costs $38,700. That price tag includes the engagement ring, the ceremony, the reception and the honeymoon.
Not every couple just starting out has that much money in their savings accounts or parents with pockets that deep. But with planning and creativity, you can afford a wedding without going into debt.
Read MoreBeing in debt to the state or federal government is not a place anyone wants to be. If you are in debt to the IRS, it is absolutely imperative that you pay them as soon as you possibly can before you face repercussions, such as a bank levy. This article is going to help you do just that.
Read MoreLet’s talk about credit card debt and what it might mean for you and yours. We care about the big picture, but we live in a small one. What does credit card debt mean for you right now? In six months? In a few years?
Take a deep breath and stay with me for a moment. Yes, you probably need to be taking your credit card debt more seriously. But no, it’s not hopeless. And, as it turns out, we know a thing or two about credit card debt relief. What a coincidence.
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