If you run any type of business, there will come a time when you need to acquire debt. You may need to purchase equipment or add a wing to your facility. Also, you may need to calculate your after-tax cost of debt for business purposes or individual knowledge. The following is some information about the after-tax cost of debt and how you can calculate that figure for yourself.
Read MoreThe following is some information about legal and illegal debt collection practices. It will help to arm you to deal with debt collection agencies and assist you in terms of fighting such practices. You'll also receive information on restoring your credit score and minimizing your debt so that you can one day live free of it.
Read MoreIf you are wondering “How much debt is too much?”, let’s look at some warning signs that your debt is the wrong sort of debt, or too much debt, or otherwise out of control (or heading that way).
The goal isn’t to panic, or feel bad about our decisions, our bad luck, or how unfair the world can be. The goal is to take more effective control of our finances. That means figuring out what parts we can control and what taking better control could look like.
Read MoreThe United States has almost always carried some form of debt. Economists argued then and argue now about exactly how much debt is appropriate or productive. Almost all of them agree, however, that (for nations, at least) some debt is good. Drowning in debt is bad; debt free living is impossible – but a little national debt isn’t always a bad thing. Let’s take a look at national debt throughout the years and different presidents.
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.
Read MoreDebt consolidation helps roll multiple debts into one single payment and helps you fulfill your goal of debt free living. It can be a good choice if your debt isn’t excessive and you also have good credit. Learning some more debt consolidation tips can help you decide if the process will be worth it for your debt.
Read MorePaying off your consumer debt can be one of the best ways you can improve your financial situation. Once you have paid off your debt, you also are finished paying interest to your creditors and have debt free living. The money that you were paying in interest can then be used for other items. Paying off debt can also help your credit score, which makes it easier to borrow in the future for purchases that can improve your net worth, such as buying a home. While paying off debt isn’t easy, it can be harder if you make some mistakes during the process.
Read MoreOver the past few years, there has been consistent growth in several areas of debt as more people turn to debt financing in order to meet their financial needs.
While an increase in home and student loans can be a good thing, it is the statistic on the number of people who are unable to meet their debt obligations that is worrying. This is an indication that consumers need to adopt healthy financial habits and learn effective ways of managing debt.
Read MoreHave you ever found yourself in a situation where you need to take care of an emergency, but don’t know where to start? Are you living beyond your means? If yes, then holding a credit card debt seems like a viable option. Of course, it will sort out your problems at once. But, if you fail to honor the repayments, you will need face the consequences of your actions. Therefore, understanding the genesis of your credit card debt is paramount.
Read MoreIf you are like most people today, you feel the burden of debt pushing down on you. It seems almost impossible to live without any type of debt today. The cost of everything is so high, it is almost impossible to afford cars and houses without going into debt for them. Because of this, some debt is necessary. That also means that not all debt is bad.
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