Debt

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

The debt of the City of New York (the “City”) is used to fund the capital maintenance and upkeep of an infrastructure that serves not just 8.8 million City residents but also hundreds of thousands of daily commuters and millions of tourists each year. Infrastructure spending is vital, but due to the City’s enormous and

SPOT might go in a number of directions here, but it’s worth remembering that the company’s acquisitions in the last 24 months have primarily been podcast-related. For example, in November, we discovered that Spotify was purchasing Megaphone, a podcast advertising and publishing platform, for $235 million in cash. Spotify has spent more than $800 million

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