Debt

Highlights from the report In the United States, student loan debt totals $1.75 trillion and is growing at a rate six times faster than the economy. Approximately 42.9 million Americans have federal student loan debt, with each owing an average of $37,105. The CARES Act of 2020 qualifies more than 35 million of these borrowers […]

At the start of President Clinton’s first term, public debt reached a peak of 49.5 percent of GDP. However, by the conclusion of Clinton’s administration, it had dropped to 34.5 percent of GDP, thanks to lower military spending, higher taxes (in 1990, 1993, and 1997), and more tax revenue from the 1990s boom. Budget constraints

Is the national debt important? Is this a sign of financial security? Not all of the time. According to the IMF database, there is only one “debt-free” country. The relatively low national debt of many countries could be owing to a failure to present true data to the IMF. Another situation in which a low

Knowing how much you owe is the first step toward creating a debt repayment strategy. Unfortunately, when you have a variety of debts, it can be difficult to keep track of them all. The good news is that calculating your total debt balance is fairly simple. All you have to do is follow these five

In mid-2016, Ohio’s average credit card balance was similar to the rest of the country. Transunion, one of the nation’s three major personal credit rating agencies, said that the average consumer card balance in the state was $4,933 at the end of the second quarter, compared to $5,247 nationally. All card accounts, not simply those

The debt statute of limitations in Oregon is six years. This means that a creditor has up to six years to sue to collect a debt. Medical debt, credit card debt, auto loan debt, and other types of debt are all subject to the six-year statute of limitations. Many individuals believe that as soon as

A statute of limitations is a legislation that specifies the time period during which a creditor or collector may sue debtors to collect debts in each jurisdiction. They usually endure between four and six years after the last payment on the obligation was made in most jurisdictions. This means that if you’ve made a payment

The statute of limitations is a law that establishes a time restriction for debt collectors to prosecute consumers for unpaid debt. The statute of limitations for debt varies by state and type of obligation, and can last anywhere from three to twenty years. To get you started, here’s a list of each state’s debt statute

A statute of limitations is a legislation that specifies the time period during which a creditor or collector may sue debtors to collect debts in each jurisdiction. They usually endure between four and six years after the last payment on the obligation was made in most jurisdictions. This means that if you’ve made a payment

Because most collections can stay on your credit report for up to seven years, it’s critical to do everything you can to avoid them in the first place – especially since unpaid debt lowers your credit score the longer it lingers there. “There would be nothing for your landlord to report to the credit bureaus