Debt

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

Any payments you make to repay a creditor or lender for money you borrowed are referred to as monthly debt payments. Rent is seen as a monthly debt payment as well. What bills are considered monthly debt? Long-term obligations, such as minimum credit card payments, medical bills, personal loans, school loan payments, and vehicle loan

China’s overall government debt is estimated to be around CN 46 trillion (US$ 7.0 trillion) by 2020, or roughly 45 percent of GDP. Is the Chinese government in debt? The ruckus around China’s Evergrande Group, the world’s most indebted property company, is diverting attention away from the country’s larger debt crisis and declining economic development.

Bankruptcy under Chapter 7 is a lawful debt relief option. If you’ve run into financial difficulties and are having trouble keeping up with your debt payments, declaring Chapter 7 bankruptcy may be able to help you get a fresh start. For the majority of people, this implies that the bankruptcy discharge eliminates all of their

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 college debt really that bad? A delayed student loan payment, for example, can lower an excellent credit score by up to 100 points, making it far