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Millennial Spending Habits
Millennials are very different from prior generations in many ways, which makes millennial spending habits peculiar. When it comes to their finances, they seem to be more interested than their parents and grandparents in using their money in ways that may benefit causes close to their hearts. So, they were more likely to buy from…
Leer másBaby Boomer Spending Habits
As you age, your spending habits may change. Adults go through significant life events such as purchasing a home, getting married, or having children. These events may affect the rate at which you save and how you allocate the money you are spending. Every generation spends money differently, as various things define each of them.…
Leer másDebt Management for Small Businesses
Debt can spiral out of control quickly and affect your business in ways you never even imagined. That’s why small business owners must educate themselves on debt management techniques to handle the situation appropriately. From effectively budgeting to planning for emergencies, there are many different ways you can ensure a healthy business without risking the…
Leer másThe Consumer Credit Panorama in 2022
Are you worried about the state of your credit? You’re not alone in a world where technology changes by the day. It’s hard to keep track of what constitutes “good credit” and what could potentially damage your score. Whether you’re looking to buy a house or want to keep your options open, understanding consumer solvency…
Leer másDebt Collection FAQ
To help our readers understand the basics of this practice, we have created this article to address some debt collection FAQ. Debt Collection FAQ Below, you’ll find a debt collection FAQ to guide you through this practice. Don’t hesitate to contact us if you have any more doubts! Q1. What is a debt collector? It…
Leer másUnited States Demographics of Debt
According to recent information published in reports, more than 300 million Americans are indebted to creditors; the pandemic’s impact is responsible for the bulk of this record high. According to experts, it is the highest annual spike in over a decade. Credit can be good for those trying to build their credit history and score,…
Leer másHow to Manage Credit Card Debt
Getting your debt under control will require focus from several different directions. Controlling what you spend, tracking your total debt by account, interest rate, and minimum payment will take detailed attention. However, once you start, the process will move along quickly! Understand What You Owe Getting your credit card debt under control starts will…
Leer másThe Student Loan Crisis Is Growing
A student loan crisis is raging in the United States, with dire consequences for students and the economy. With the average student spending over $30,000 on educational debt, a significant increase from $10,000 in the early 1990s, the situation continues to deteriorate. This increase is due to the skyrocketing cost of higher education, which has…
Leer másStep by Step: What to Do if You Don’t Recognize Debt
Did you know that collection agencies purchase debts for pennies on the dollar and then try to collect as much money as they can to make a profit? Sometimes, these companies want payments, but they also want to scare people into giving them even more than what was initially owed to make more money. Knowing…
Leer másCan You Go to Jail for Debt?
You cannot be arrested solely for owing money on what is known as consumer debt, such as a credit card, student loan, or medical bill. Collectors cannot even intimidate you with arrest. However, they have additional legal options, such as threatening to sue you for payment. Also, in some instances, debts can result in arrest…
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