You can calculate your debt-to-income ratio by comparing the amount of money you owe and how much you make. It’s also known as the DTI ratio. Debt includes all mortgages, credit cards, student loans, car loans, and any other loan that you may have taken out to purchase items for your home or pay for… Read More »
What is Debt-to-Income Ratio?
What is Debt Consolidation?
There are situations one gets into and realizes they have been paying off more than one loan at a time. In the long run, the interest on these loans can be very massive. Debt-consolidation is the best way to go to help such a person. This means that one puts all their loans together and… Read More »
How Does Debt Collection Work and How Can You Make It Stop?
When getting financial assistance from financial institutions, it is mandatory to fill out forms on how and when to pay back. Debt-collection comes in when there has been a failure to pay back. At this point, a creditor cannot negotiate with a debtor on new settlement offers. The best way to get out of debt-collection… Read More »
What You Should Not Do With Your Stimulus Checks?
The Economic Impact Payments (EIPs), or stimulus checks, offer a unique opportunity for consumers to reach their financial goals. With four-figure payments being delivered directly to taxpayers, it’s time for Americans to beef up their emergency funds, pay off high-interest debt or invest in the future. However, the widespread distribution of the checks has also… Read More »
Why You Should Consider Refinancing Your Car Loan?
There are several good reasons to justify refinancing a car. It is important to evaluate the pros and cons of obtaining a new loan before moving forward. It will take some research to decide if this is the right move. Staying on top of financial trends and personal credit scores is crucial for making informed… Read More »