Cancellation of debt happens when a creditor alleviates a debtor from the obligation. It’s possible for debtors to discuss with a creditor directly in order to get debt forgiveness. It’s also possible to get cancellation of debt through a debt relief program or with a bankruptcy filing.
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 MoreThere are many types of debt, and before you can make a plan to get out of debt, you need to know what types of debt affect you. Keep reading to learn about some of the most common types of debt.
Read MoreYou just never know where your situation will lead you, but this article, that deep breath and the belief that your inner badass exists can help you turn everything around. You might find yourself writing this type of advice for future yous 30 years from the day you read this. Remember to tell them: It is all going to be fine. You are a bad ass. You can handle this.
Read MoreA bankruptcy attorney near me can help protect assets from debt collectors and find a way to help free you from your financial responsibilities. Bankruptcy can be complicated so while you may not need a lawyer if you are considering filing for bankruptcy then you should speak with one.
Read MoreOne of the terms you need to understand to optimize your credit is a charge-off. You might be asking what is a charge off? A charge-off is a situation that sometimes occurs on consumer credit reports. You might at some point find yourself in the position of having to deal with a charge-off. It's important to know your options in this situation. It's also important to carefully think through how you'll handle the situation.
Read MoreIf you are looking to avoid debt and are learning how to avoid debt then you need to be proactive about managing your money. The main thing to learn about how to avoid debt is that it requires you to have a financial plan and you don’t want to buy into foolish whims that bring you short-term satisfaction.
Read MoreTo successfully run a business, it's important to understand how to handle small business debt. At some point, most business owners need to borrow to realize the full potential of their company. As a business owner, you shouldn't be afraid to borrow. However, you do need to learn how to manage debt.
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.
Read MoreConsumer debt is any personal debts that are taken out for the purpose of purchasing household goods. Examples of consumer debt include mortgages, credit card debt, student loans, and personal loans. Total consumer debt in America has now reached more than $14 trillion. How did we get in this state?
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