Spring cleaning often means getting rid of things in your home that you no longer need. The process can also include making sure your finances are in order. Use the time during spring cleaning your home to examine your budget, how much money you bring into your home, and how much money you’re spending on…
It is evident that credit scores depend on an individual’s previous and recent financial status. But who is in charge of keeping track of all the information about one’s financial condition? The answer to this question is quite clear: the credit reporting agencies. These are companies that have the mandate to gather and compile data…
Secured credit cards are often marketed to individuals who have no or bad credit. While they look like regular credit cards, they require a security deposit. Secured credit cards offer an affordable and safe way to build or fix credit. While a deposit is required, a person will not lose money if they make their…
In America, it is perfectly reasonable to owe some amount of money, either to credit card companies, student loans, or other bank accounts. When paying off debts, it is essential for people to understand that they should pay some loans off before sure others. If you are in arrears for several obligations, it’s vital to…
While it is easier than ever to pay for almost everything with a credit card, this doesn’t mean it is the best choice for every purchase. The Federal Reserve noted that credit card debt surpassed $1 trillion in 2017, making outstanding credit card debt reach its highest point ever. Here are six things that Experian…
Statistics from the Employee Benefit Research Institute determined that Americans age 55 and older face an increased rate of debt. From 1992 to 2013, the number of families with individuals in that age range struggling with debt rose from 53.8 percent to 65.4 percent. People who are retired have also amassed certain types of debt,…
Debts are part of everyone’s day-to-day life. Most people use credit cards, take out loans, and finance large purchases at some point in their lives. There is such a thing as good debt, and that’s the kind that gets you a higher credit rating. On the other hand, a person can overspend. Sometimes there are…
If you decide to close your business, you’ll have to liquidate its assets. Simply put, this means that you’ll be turning any remaining business assets into cash. Assets include tools, equipment, and furniture. In most cases, the proceeds will be used to pay off creditors, but if your business is relatively debt-free, a significant portion…
Small business owners experiencing an unexpected cash deficit may find themselves in a position where it’s necessary to liquidate portions of their assets. If you’re a business owner selling your company’s assets, you may have to choose between how much you can earn, and how quickly you can sell those assets. If a business is…
Medical debt is the top reason that people file for bankruptcy. When a person files for bankruptcy, their debt is put into one of two categories: dischargeable and non-dischargeable. While you may not be able to get rid of debts like student loans when you file for bankruptcy, you can eliminate your medical bills. How…
