Debt is definitely a valuable tool. It allows one to purchase items – a house, a car, etc – that would not ordinarily be available if the full amount were needed at the time of purchase. Still, it should be used with caution. Nevertheless, some people do get in “over …
The U.S. Congress has finally realized what consumers have known for a very long time – that debt collectors are preying on the unknowledgeable and the unsophisticated – and our lawmakers have decided to do something about it. In particular, the Dodd-Frank Act – known officially as the Fair Debt …
Making financial mistakes and learning from them. It’s just a part of life, but it’s a part of life that’s best learned by discovering what other’s have done wrong so that you don’t make the same mistakes. The following are ten of the most common problems and some simple debt relief solutions …
Debt settlement is a process that takes time and patience to accomplish. Along the way, there are some things you should and shouldn’t do to eliminate your debt and regain your financial independence. The following are just a few of the “do’s” and “don’ts” you should be aware of before seeking the debt …
Debt consolidation is a broad term that has become commonplace over the past couple of decades. For most, it means combining all of your loans and debt into one loan at a lower interest rate. However, there are some aspects of debt consolidation you’ll want to consider as it’s not always easy …
Debt settlement has acquired a disconcerting reputation over the past decade. Following the economic downturn, debt relief services sprouted like weeds and made unscrupulous promises to consumers. As a result, many people found themselves in dire financial straits with little to no recourse against the companies that misled them into believing things that simply weren’t true. …
According to studies conducted by the Federal Reserve, the average American has a credit debt exceeding $15,000, a mortgage exceeding $150,000 and student loans that top out around $32,000. In total, Americans owe over $11 trillion dollars to creditors. This is a lot of money and it has led many people into considerable …