Posts By: Jessica Jensen
Only around 20% of Americans are not in debt, or have gotten out and stayed out of debt. That means the other 80% are in some kind of debt. The […]
In a survey over 1,000 people in debt, 1 in 5 Americans believe that their debt will never be paid off during their lifetime. This leaves the obvious question that many […]
To stay out of financial hardship, it is smart to pay close attention to how much income is being generated and spent. When looking into how much money one should […]
The Debt-To-Income Ratio Your debt-to-income ratio is the total amount of debt you pay every month (mortgage, car loan, credit cards, etc) divided by your monthly income. For example, if you’re […]
When looking at how much debt you should go into for a big investment, the number varies by each person and their unique circumstances. However, it is important for everyone to […]
What Is Bankruptcy? People file for Bankruptcy when they are unable to repay their outstanding debt. Bankruptcy begins with a petition that is signed by the debtor, or sometimes one’s […]
What Is A Personal Loan and How Does It Relate to Debt? People get personal loans for different reasons, like to help purchase an expensive item, or to help pay […]
What is Debt Settlement? Debt settlement is when a person in debt (or more often, a company on their behalf) negotiates with their creditors to resolve their debt for a […]
What Is Debt Consolidation? One of the best ways to regain control of your finances is to try debt consolidation. Debt consolidation is for those who are making unsecured payments […]
The obvious consequence to being in debt is having less money. Each month, you have to budget for the minimum credit card payments on every credit card you own (and if you can, […]