Debt consolidation is essentially a form of refinancing that entails taking out one loan to pay off many others, hence consolidating debt. This can be a resolution for high consumer debt such as credit cards, student loans, medical bills, etc.
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Welcome to all our readers. These blogs have been written by experts in financial matters and we hope that you get some useful information as well as an entertaining read. Please feel free to leave any comments or questions you may have. We will get back to you as soon as possible.
The average American has over $200,000 in debt, and a growing concern for many is whether inheriting debt can occur in relation to their children. In most cases, the answer is no. Laws do differ from state to state though, and some portions of debt left behind may need to be paid.
Work relationships can be particularly fragile especially when they are built and destroyed by the actions we take. The success of the organization we work for depends on building healthy, harmonious and secure relationships - good for business and good for an individual on a personal basis.
Over the past couple of years, the personal loan industry has been booming as lenders enjoy double-digit growth each year. But can this growth last forever? Experts have noticed that loan originations are leveling off, particularly with banks.
How would you like to be 60 years old, looking forward to the ‘golden years’, and you find that you still owe money on your student loan? Sounds tragic, or unbelievable? Well, in 2015, borrowers aged 60 and over had $66.7 billion still outstanding in student loans.
So many people think budgeting is big and scary, it isn’t! A well thought budget can make your life so much easier. When you make a budget it facilitates attaining of your financial goals, and your life will run that much more smoothly. Are you having trouble determining where to start with when creating a budget? We’ve got the easiest steps on how to make a budget for you to start with!
If there is one addiction people find hard to kick the habit with, it's borrowing addiction. For many individuals, debt has become the way of life, and that's because we love the idea of buy now, pay later. Hoping the 'later' never comes, and anyway, if it does, we will deal with it then.
Loans and lending have been around for thousands of years and in many different forms. Credit and loans seem to have a distasteful air about them. But if we would know the truth, the development of human civilization would not have happened without there being credit!
We hope you enjoyed reading our blog. Please be advised that any tips and information provided within the blog content is not to be construed as official advice. While the writer tries to provide as much useful information as possible, a borrower should always check with lenders and financial institutions about loan amounts, eligibility, credit scores, requirements as these may differ from state to state.
We strive to provide accurate information regarding personal finance and debt management, but it may not apply to an individual’s situation directly. This content is for informational purposes only and should not be considered as financial advice. PayDayAllDay.com won’t bear any responsibility in relation to personal decisions made based on it. You should consult your financial or tax advisor before making any financial decisions.