Avoiding credit card debt is extremely important in today’s world. Unsuspecting credit card users don’t follow the best practices for spending on their credit cards and end up in perpetual debt. The compounding interest doesn’t help either. In 2021, there was an increase of 23% for those under 30 who haven taken loans. In this […]
Credit cards sound amazing. Many people rely on them heavily. Credit cards become a long-term credit solution for them. And then they suddenly realize the mistake they have made and find themselves in credit card debt. It might be too late for them to clear their debt at that point. Credit cards should not be […]
Sometimes referred to as a “DCP loan”, a debt consolidation plan makes things easier for you by combining all your outstanding credit card and personal loan debt, otherwise known as unsecured debt, from different banks into a single loan with just one bank. This loan usually has a better interest rate than the individual debts […]
Debt is usually a word that is frowned upon. That said, not all debt is bad. Things are a bit more complicated in reality. This explains why you will see a high net worth individual who can afford to buy a house in cash taking a mortgage. Here are some tips on how to distinguish […]
Are you suffering from debt? Whether you owe a large sum of money to a bank or you borrowed some money from your grandmother, debt can really interfere with your progress. Paying off debt requires a great deal of determination and persistence. However, if you fail to deal with debt as soon as possible, there’s […]
Debt is a word that many of us do not like to be associated with. Most of us might even fear debt as much as we fear death. We have all heard of horrific stories caused by debt or how people’s lives were ruined due to debt. However, this is mostly caused by a lack […]
What is debt? A debt is an amount of money lent from one person to another. It is money borrowed. Many companies and individuals may take on debt, borrow money in order to make large purchases that they cannot afford. In most cases, there are debt arrangements. This means that the borrowers will have to […]