Life is full of surprises—both good and bad. And a lot of times, these surprises come with a heavy price tag. Whether it be from illness, loss of employment, or divorce, there may be a time when expenses keep piling up without you being able to pay them off. This ever-present debt can cause great […]
In 2019, the national debt reached a record-breaking $22.22 trillion dollars. On an individual level, consumer debt began approaching $14 trillion earlier in this same year. Between home, automotive, student loans, and credit card debt, people are looking for ways to bring this figure down to emancipate themselves and make different decisions with their money. […]
Today, in the United States, debt accumulated from students perusing higher education degrees accounts for over $1 trillion of the nation’s debt. In February of 2017, the Federal Reserve Bank of New York stated: “student loan debt rose for the 18th consecutive year and borrowing has doubled in just eight years.” Debt.org further illustrates this […]
Having a lot of credit card debt can be, well, a lot. When it comes to resolving it, your first instinct may be to do so all at once. You wouldn’t be wrong for thinking that way: many people will tell you that this is the best, if not only, way to pay off your […]
From overdue credit card payments to unpaid student loans, personal debt can creep up in many ways. While those two types of debt may be quite familiar to a lot of us, there’s one type that we may forget about entirely. You guessed it: it’s medical debt. The United States spends nearly $11,000 on health […]
Managing debt can be intimidating and overwhelming. However, you are not alone: millions of Americans carry different types of consumer debt. In 2018, the total American household debt hit $13.21 trillion. It is essential for you to think about paying off your debt, but it is also crucial to learn to cope and not let […]
When you enter some financial troubles, and you find it problematic to repay some debts, the only thing that you can do is borrow some money. Unless you have friends or family who can lend it to you, you’ll have to opt for a loan. However, it’s often more comfortable to arrange a loan from […]
If this happens by accident, then you’ll be alright, contact the proper authorities, and it will be handled. However, if this is not the case, the only possible cause was you – i.e., you not paying what you owe. If you end up being in such an unfortunate situation, fear not, as there are things […]
The student loan is the second highest debt category after the mortgage, in the United States. It’s even higher than auto loans or credit cards. The average student of the Class of 2016 has roughly $37,172 in student loan debt. And if you think that you’re alone in this, don’t. There are over 44.2 million […]