Debt

In most cases, a person’s debts do not disappear when they pass away. Those debts are owed by and paid from the estate of the deceased person. Family members are usually not required by law to settle a deceased relative’s debts with their own money. If the estate doesn’t have enough money to cover the […]

Debt consolidation combines several debts into a single payment, usually high-interest debt like credit card bills. If you can secure a reduced interest rate, debt consolidation may be a viable option for you. This will assist you in reducing your total debt and reorganizing it so that you can pay it off more quickly. What

Begin by getting a free, objective financial assessment. You may move on from your debt, wiser, financially solid, and fortified against ever going into debt again, with timely counseling, a sound plan to deal with your debt, and fast credit rebuilding. At 4 Pillars, we offer the industry’s most complete assistance package to help you

A debt ratio is a measurement of a company’s indebtedness in terms of total debt to total assets. The debt-to-equity ratio varies greatly by industry, with capital-intensive enterprises having substantially greater debt-to-equity ratios than others. The debt ratio of a firm is determined by dividing total debt by total assets. A debt ratio more than

A debt settlement occurs when a creditor agrees to accept less than the whole amount owed as full payment. It also means that debt collectors won’t be able to pursue you for the money, and you won’t have to fear about being sued for the debt. Is it smart to settle credit card debt? Although

Debt avalanche and debt snowball are two different forms of debt repayment schemes. Making minimal payments on all debts, then utilizing any excess income to pay down the obligation with the highest interest rate, is the debt avalanche strategy. Making minimal payments on all bills, then paying off the smaller debts first before moving on

According to the Internal Revenue Service, a non-tax federal debt is debt owed to the federal government other than taxes. A federal student loan is an example of a federal debt that is not subject to taxation. What does it mean when it says refund applied to non IRS debt? Refunds for non-IRS debt are

Is it ethical to file for bankruptcy? What does the Bible have to say about debt forgiveness? The answer to the ethical concerns surrounding bankruptcy and debt forgiveness is likely to be found in our faith for the religious among us. Indeed, the Bible mentions loan and debt forgiveness multiple times, but nowhere more specifically

Does the Bible say not to go into debt? “For the love of money is the source of all evil. Some people have drifted from the faith and pierced themselves with numerous griefs because they are greedy for money.” 1 Timothy 6:10 New International Version Is money inevitably a bad thing? Money, on the other

The company’s total debt is used to determine net debt in part. Long-term liabilities, such as mortgages and other long-term loans, are included in total debt, as are short-term commitments, such as loan payments, credit card balances, and accounts payable amounts. What is not included in total debt? The total-debt-to-total-assets ratio examines a company’s balance