The Money Farm Team

Up to $65,000 in loan repayment aid is available to active-duty Army troops. You must commit to a minimum of three years of service. During your first year of military duty, the Army will pay either 33.33 percent of your outstanding principal student loan total or $1,500. For the next two years, it will also […]

In the wake of the Great Recession, Congress established a law in late 2007 that permitted mortgage debt forgiven by lenders to be removed from a borrower’s tax return with a maximum of $2 million, which was extended five times by both Obama and Trump administrations. In 2020 and beyond, if the agreement was signed […]

You must contact either Wells Fargo or the collection agency assigned to your debt in order to arrange a settlement with Wells Fargo. Check the most recent notice you’ve received to find out who to contact. Negotiating directly with Wells Fargo is the norm if your loan is less than 180 days late. A collection […]

Why was the French economy so poor in 1789? Literally speaking, revolution is turning the other cheek or doing a complete 180 degree turn. It is used to refer to eras or events that have a significant impact on politics, economics, or society. When a group of people rebels against the current administration and attempts […]

Expenses for bad debt are those that are owed to you but cannot be paid. When a customer purchases your business’s goods or services on credit and is unable to pay the full amount, this is typically the case. When a company offers products or services on credit, this expense must be included in as […]

Were you curious about the reasons behind financial difficulties? Why do so many people find themselves in a financial predicament on a regular basis? In our experience, debt may lead to a slew of negative outcomes, including the dissolution of long-term relationships, the loss of valuable possessions and the destruction of all we’ve fought so […]

The Puerto Rican debt issue stems from a variety of sources. For the most part, investors in Puerto Rican municipal bonds have enjoyed tax advantages for many years now. Puerto Rican bonds were purchased by investors from all 50 states because of this advantages. When a government issues bonds, it is lending money to bondholders […]

It is the overall federal financial responsibility owed by the federal government to the general public and its own ministries. Congress has allowed deficit spending and tax cuts to continue, which has resulted in a massive increase in the national debt. The ability of the United States to repay its debt will be called into […]

There are a few things to keep in mind: First, the Federal Reserve, the nation’s central bank, does not produce money. Federal Reserve policies aim to encourage noninflationary economic growth by influencing the supply of money in the economy. Printing money to pay off the debt could lead to inflation unless there is an increase […]