Debt doesn't have the best reputation in America, even though the country's household debt has hit $14.6 trillion in the spring of 2021. The pandemic is a major factor in why so many people became indebted. But pre-COVID-19, numerous Americans are already burdened by debt, especially student loans, mortgage loans, and personal debts. Clearly, for many people, borrowing … [Read more...] about 5 Common Misconceptions About Debt that Stop People from Acquiring a Loan
Debt collection is one of the hardest responsibilities ever to complete by businesses, especially when you’ve got large accounts receivables. Fortunately, there are now so many ways to go about with this, even if it has to mean going for partial payment options or setting up other payment plans. Whatever your strategy is, there’s one very important thing to master: … [Read more...] about 6 Tips To Improve Debt Collection Negotiations
Everyone's wish is to become debt-free, especially at a young age. However, more young adults have succumbed to loans, only to regret it when they get older. Many loans are helpful in times of emergencies and other financial shortcomings. They can help you get through, but they may also break your bank in the long run. That's why here are some tips to become … [Read more...] about How To Become Debt Free At A Young Age
The prospect of a debt collector knocking on your door is a scary one for anybody. Not only can field agents be a little intimidating but they are well versed in the law, procedures and won’t leave until something has been arranged. Most debt collectors are highly trained and very professional so you need not fear them, but some have been known to act a little outside of the … [Read more...] about 3 Tips for Handling Collections Agents
Business debt can be either helpful or harmful to your business, depending on how you use it. When you use it properly, debt can be a tool to help your business grow. If you let your business debt get out of hand, however, it can hinder the growth of your business, make it much harder to find financing, and make any financing that you are able to obtain more … [Read more...] about Does Your Small Business Have Too Much Debt?
While a lot of people do consider some debt to be very healthy, it’s important to know that having too much debt is not good at all for you. It’s essentially a weight around your ankle and it holds you back from accomplishing any long-term goals. Business Debt and Liability When serious debt becomes an issue, the first thing that you want to do is talk about … [Read more...] about Dig Your Small Business out of Debt With This Ultimate Guide
To hear some people tell it, there is nothing good about debt. Living a debt-free life might be the goal of every conscientious adult, but between now and that shining day, some amount of debt is unavoidable. So, the question is more about how to minimize current debt as a strategy on the road toward becoming debt-free. For instance, a new college grad might have to find … [Read more...] about The Fine Art of Debt Minimization
Nearly almost every person in this world is living under debt. That is contributing to making his life not only hard but challenging too. Whenever he tries to get rid of one thing, another bill is waiting for him. That is all because of spending tons of dollars more than your income and having a credit score above average. Well, this is one of the reasons due to which people … [Read more...] about Want to Think Smartly? Discover Seven Lifestyle Practices That Lead to a Debt-Free Life
If you’re like most hard-working people, you either get paid every week, bi-weekly or once a month. But regardless of the frequency of your pay, the fact still remains that as soon as you get paid, you seem to be “broke” soon after you pay all your bills… This vicious cycle is called living paycheck to paycheck. For some people, they have very little extra money after paying … [Read more...] about Maximizing Your Paycheck: 5 Simple Ways to Lower Your Monthly Bills
Presidential Politics and Student Loans – What to Expect Moving Forward? Politics aside, the cost of college education in the United States is exorbitant. According to a research paper by Erin Duffin [Statista May 5, 2020], the average annual charges in USD for higher education in public and private institutions topped out at $7,051 for public education per student and … [Read more...] about How Will the Elections Affect Student Loan Debts?