Debt

options available to you if you bear credit card debt and do not want to declare bankruptcy. One option is to get a debt consolidation loan and closing all existing credit lines. Debt consolidation is where you take a new unsecured loan and use the proceeds to repay the debt you. All this does is play your debts, but this is not really a wise choice. What can be done by unsecured debt consolidation loan is to consolidate all your unsecured debts and help you avoid bankruptcy. This new par can…

college debt free as it will lead to an increase of graduates that will help the growing demand of higher educated job opportunities and it will also lead to the decrease of debt in the United States. I believe making college debt free will lead to the increase in enrollment in public four year colleges as this legislation will be aimed at making four year public college debt free for low and middle income families. This legislation is known as the RED act which means Reducing Education Debt…

As anyone who’s been overwhelmed by credit card debt knows, it’s incredibly stressful to open the mail. Every batch of mail is bound to include a late bill notice, a letter from a collection agency, a utility bill with a past due amount or even just a regular old credit card statement with a balance that’s way too high. When you see how much you owe, and even worse how much interest you 're paying, it’s common to feel instant panic and depression. One study found that people who struggle to…

sending your customers multiple notices to pay the debts that they have with your business and not getting a response? Are you owed thousands of dollars and you fear that you won’t ever get your money? If so, you want to hire commercial litigation lawyers to go after the outstanding bill holders. Here are a few reasons why you want to hire lawyers instead of a debt collection agency. Legal Warnings and Action Require Protocol Under the Fair Debt Collection Practices Act it’s important that all…

consumers. Debt comes in different forms, most are hidden in everyday happenstances. Divorce, gambling, and financial illiteracy are a few of the major things that can cause a person to go into extreme debt. Consumer debt can be avoided and it starts with education of money and how it works, this education should begin in elementary school, and an even deeper education in high school. As most students have jobs and begin to earn money if they learn how to save then they are more likely to avoid…

(2014) research was to look at how young adults are affect by the increases debt they have to acquire to invest in their future. He focused on young adults between the age of 24-28 who were born during the 70s,80, and 2000s. He discovered that future generations didn’t have to acquire so much debt in order to transition into adulthood. With college costing more than ever before, young adults are putting themselves into debt, which looks impossible to get out of. Although young adults are…

Cupping Student Debt In this cartoon, Joe Heller illustrates the feelings that every student has in relation to students loans. Heller’s purpose in this cartoon is to draw attention to the enormity and un-manageable amount of debt they acquire over the course of their college career. He uses a combination of wording, design and symbolism in order to effectively empathize with the struggle that every college student experiences, drawing the conclusion that college is too expensive, forcing…

In today’s American society, the average college graduate leaves college with a whopping $37,172 in student loan debt. Crippled by constant payments, many struggle to keep up with payment plans. On top of that, federal student loans encompass an interest rate, which has a limit of 8%. Because the interest rates are so high, graduates can end up paying double the original loan amount. Coming from a large family, I have had first hand experience with the effects of student loans, and what it can…

Personal debt has a way of sneaking up on even the most prudent individual, especially as it relates to credit card debt. If not addressed within a reasonable timeframe, personal debt can create a multitude of problems in almost every aspect of an individual's life. Debt Solutions Depending on the extent of one's debt, there are a variety of solutions. At the least intrusive end of the spectrum, a quick lesson in how to manage one's finances could suffice in righting the ship. At the darker…

Debt consolidation may seem quite attractive and from the various purported benefits listed in every promotion for such services, it makes the realistic approach for many who may have limited insights about the area. Many hope that debt consolidations lead to paying less which is what they are led to believe. However, a keen look into the framework of debt consolidation reveals otherwise. Evidently, you will be paying much less installments per month after consolidating your debt and this can…