Usually, when people hear the word recession, it sends all types of feelings and chills down their spine. The economic definition of recession that contains all about how there has been a drop in the overall economic activity of a nation visible in the gross domestic product isn’t really interesting to a lot of people. What people typically understand as recession is a drop in the value of money and of course the amount of time it takes for individuals to make it back to the point where they can comfortably pay their bills. Probably due to the amount of companies that lay people off or the significant drop in their income.
Life can be a tad difficult for students who just graduated high school with a dream to study at some of the best Universities in the United States. Not difficult in the sense that they can’t make it but more like expensive because even though they do get accepted into those colleges, the cost of education for the four years could be literally back-breaking. Studies have shown over the years that a growing number of students are moving to international schools to get their degrees rather than doing it in their home country because of the price difference.
The holiday season is here and everyone is looking to have a good time with family and spend a ton of money they do not have or intend to keep track of. While it is imperative that you do treat your relatives and friends to a good holiday, you should do this in an affordable way. About 43% of Americans are due to get in debt in this season and to a lot of them, these debts are inevitable. A survey shows that a lot of them during this season suffer from depression and anxiety because they feel pressured into gift giving and hosting dinners and buying tons of stuff. In this article, we will discuss holiday debt and its effects.
Cancer, just like other health problems, is a very devastating illness to have. Apart from the woes and medical issues associated with the illness, cancer patients also have to worry about their financial status and how the illness will affect it. Reports have shown that the main cause of bankruptcy in the U.S. is from medical bills.
There are plenty of reasons why someone could have a low credit score. It seems like it takes a lifetime to raise it because things like age of credit, on-time payments, credit inquiries, and more take a lot of time to fall off or improve your credit report. However, there are some ways to quickly improve your credit score if you take an active role in rehabilitating it. 2020 could be the year you overhaul your credit score
Some things are out of our control. When you wake up and get out of bed, you do not plan to experience a personal injury; it just happens. When it does happen, will you know what to do? Chances are, the answer to that question is “no”. Afterall, most of us are not legal professionals. So, what DO you do in the event of a personal injury?
When we think of bankruptcy, we often have in mind a person that cannot make ends meet, but there are many kinds. Companies have to make ends meet too and when they cannot, people get laid off, assets get liquidated, and people end up in court. Corporations are not immune to financial stress. Here are some recent large-scale bankruptcies you may have heard about in the news.
Student loan debt is often thought of as just something everyone has to deal with. For most Americans, attending college means having student loans, but does everyone have the same opportunity to get student loans? What’s more, does everyone have the opportunity to get the best interest rates? You may be surprised to know the truth about student loans as they pertain to minorities in the United States.
January is the dawn of a new year. Hopes are high. Unfortunately, so is the tension amongst couples. Historically, the month of January demonstrates a spike in the rate of divorce filings. There is plenty of conjecture surrounding this unpleasant statistic, but what are the real reasons behind why people decided enough is enough in January?
Debt collectors have the right to try to collect a debt from you, but there are rules that these collectors must follow. However, many times, these collectors break the rules because consumers are not aware of the laws that protect them from predatory debt collection practices. If you are being harassed by debt collectors, you may be able to get protection.