Debt

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

Statistics and historical context. In 2019, borrowers’ total student loan debt in the United States surpassed $1.7 trillion. More than 44 million Americans owe money on student loans, with the average debt over $25,000… Federal student loans account for 92 percent of all student loans. Does a student loan count as debt? Student loans, unlike

Secured loans, on the whole, allow you to borrow more money at cheaper interest rates, but also put your home at danger if you default. Unsecured loans don’t put your home at danger, but they might be more difficult to obtain and come with higher interest rates. It’s not always up to you to decide

College Debt Statistics A college degree is still worthwhile from a general economic standpoint. A four-year degree “costs on average $102,000,” which means that even when you factor in the typical $30,000 debt that students finish with, it’s still a good deal. Is university worth the money? With the rising costs of attending university, many

When it comes to qualifying for a mortgage, child support is an obligation that counts as a debt. Back child support, also known as delinquent child support or arrearage, is more than a legal requirement. It also qualifies as a negative credit event, which might hurt your chances of getting a mortgage. Here’s how you

A debt security is a form of financial asset established when someone lends money to someone else. Corporate bonds, for example, are debt instruments issued by companies and sold to investors. Investors lend money to businesses in exchange for a certain number of interest payments and the repayment of their principle at the conclusion of

China must keep its currency, the renminbi (RMB), low in relation to the US dollar in order to keep export prices low. Because of their safety and stability, China prefers to invest in US Treasuries over real estate, stocks, and other countries’ debt. Although there are concerns that China will sell off US debt, stifling