5 Facts About Debt In The United States

Image Courtesy of Pixabay Debt is an interesting concept. The concept of borrowing for now and agreeing to pay back a higher amount later due to interest and other fees is a major part of life in the United States. Here are some interesting facts with regard to debt, but first, a special thanks to DebtConsolidation for providing the data about consumer debt in the United States used in this article.

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Posted in: Credit and Debt

Why You Should Care About Your Credit

There’s this sentiment buzzing around in the personal finance space that you shouldn’t really care about your credit if you truly want to improve your finances. Credit is an interesting concept. It’s the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. Basically, you receive a rating based on your ability...

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Posted in: Credit and Debt

Avoid Bankruptcy: 5 Ways to Pay Down Debt

Personal bankruptcy can be a serious life-altering events an individual can experience, alongside divorce, severe illness and tragic loss, according to the financial guru Dave Ramsey. Bankruptcy is seen as a last resort, a life raft when the ship is sinking. Essentially it’s something people have to do when the debts become too unbearable to repay. When I was in high school, a close family member...

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Posted in: Credit and Debt
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