Debt comes in all shapes and sizes. You can owe money to utility companies, banks, credit card providers, and the government. Thereâs student loan debt, credit card debt, mortgage debt, and much more. But what are the official categories of debt and how do the payoff strategies for these debts differ? Categories of Debt Debt […]
Different Types of Debt is a post from Pocket Your Dollars.
Due to financial consequences of COVID-19 â and the broader impact on our economy â now is an excellent time to consider refinancing most loans you have. This can include mortgage debt you have that may be converted to a new loan with a lower interest rate, as well as auto loans, personal loans, and […]
The post Should You Refinance Your Student Loans? appeared first on Good Financial Cents®.
The post How to Become Financially Stable appeared first on Penny Pinchin' Mom.
lThese are things you must due in order to improve your financial stability. Let’s talk about financial stability. The truth is, living a financially stable lifestyle leads to all kinds of great things like great credit scores. Â You have a savings pillow to fall back on during hard times. Â It allows you more possibilities … Read More about How to Become Financially Stable
The post How to Become Financially Stable appeared first on Penny Pinchin' Mom.
In borrowing, there are two types of debts, recourse and nonrecourse. Recourse debt holds the person borrowing money personally liable for the debt. If you default on a recourse loan, the lender will have license, or recourse, to go after … Continue reading →
The post What Is a Recourse Loan? appeared first on SmartAsset Blog.
In the age of paperless transactions, identify theft is something that virtually all of us are susceptible to. If your identity is stolen, the consequences can be severe, and in some cases, can take years to recover from. One way to be proactive against fraud and defend yourself from identity theft, is to freeze your […]
Freezing Your Credit is a post from Pocket Your Dollars.
Learn everything you need to know about the second stimulus package, including if you qualify and what else you can get beyond a stimulus check.
Now that the festive season is behind you, what remains with you are the beautiful memories and of course, the huge holiday debt that you accumulated. As the new year kicks off, two factors can greatly impact your credit; how you pay (or not pay) your debt and how much of your available credit you […]
The post Tips for Paying off Holiday Debt Before it Hurts Your Credit appeared first on Credit Absolute.
Your minimum monthly payment is the lowest amount that you need to pay on your credit card balance. Any less could result in a derogatory mark, any more will clear more of the principal. Your monthly payment is one of the most important aspects of your credit card debt and failure to understand this could […]
Minimum Payments on a Credit Card is a post from Pocket Your Dollars.