We’ve all seen the commercials. We know in a hazy way that something called our credit report compiles our personal credit history into a reference number, or credit score, used by financial entities as a benchmark of “risk.” We may even understand that there are good and bad credit scores. But most people don’t know… Read more »
Posts By: Rana
Consolidation Debt by Renegotiation
Since 2008, as they struggled under the growing weight of 10% unemployment, the deepening recession, and counter-productive political bickering, Americans quietly changed their attitude toward debt. As the 2011 holiday season approached, stores advertised the time-honored concept of the “lay away” and more customers paid in cash than ever before. Gone are the days of… Read more »
Eliminate Debt with Credit Card Consolidation
As Americans have struggled to make ends meet during the ongoing economic recession that began in 2008, they have also faced an unemployment rate that has hovered near 10 percent. Going into the economic downturn, many consumers carried existing credit card debt, and in order to survive, they have run up more over the past… Read more »
Obama Administration Addresses Student Loan Debt Via Executive Order
The “Occupy” protests that have spread to cities across America are an expression of the level of discontent the citizenry is feeling about the unequal distribution of wealth in the nation. There is also, however, an even greater gap in opportunity, broadened by the issue of mounting student loan debt. Many of the protesters are… Read more »
Occupy Movement Highlights Need for Student Loan Consolidation, Debt Forgiveness
Most people have a hazy awareness that the Occupy Wall Street movement, which has now spread to cities and college campuses across the nation, is an expression of a growing dissatisfaction with and suspicion of the United States federal government. However, the vast majority of Americans don’t realize that the movement bears significant similarities to… Read more »
Long-Term Student Debt Worsens During Recession
Although student loan debt was already a problem in the United States, the recession coupled with skyrocketing tuition costs over the past three decades has greatly intensified the financial stress new graduates now face — to the point that total student loan debt exceeds credit card debt in the U.S., standing at an estimated $898… Read more »
How to: Debt Settlement
With excessive credit comes excessive debt. The most efficient way to manage that debt would be something called a Debt Settlement. These have been around for years, thousands of years to be exact. Its been only a decade or two since theyve become popular in the United States. Debt Settlements were established as a means… Read more »
Reduce Your Credit Card Debt with Success
If you are facing credit card debt, it can seem impossible to get out of. Continuing to add to your balance and missing payments will only dig you deeper and deeper into debt. The very first moment that you think you may have trouble making payments is the time to start planning to reduce your… Read more »
The Debt Negotiation Process in Black and White
How Debt Negotiation Works Yara Zakharia, Esq. It is often said that in life, one should never settle for less. For borrowers confronted by an avalanche of consumer debt, however, the converse of this motto holds true. Stuck between a rock and a hard place, a significant number of fiscally-challenged Americans are capitalizing on the… Read more »
Debt-To-Income Ratio A Gauge of Financial Equilibrium
Yara Zakharia, Esq. In the United States, a two-digit number known as the debt to income ratio provides valuable information to both creditors and debtors. Deemed by many experts to be as pivotal as the credit score, this personal finance indicator offers insight into a consumer’s financial health and ability to repay future loans or… Read more »