Debt

student loan default
4 min read

Student Loan Default: Steps to Get Back on Track Financially

4 min readStudent loan default occurs when you stop making payments for an extended period, typically 270 days. It can severely impact your credit score and financial future. Fortunately, options like repayment plans or loan rehabilitation can help you regain your footing.Continue reading "Student Loan Default: Steps to Get Back on Track Financially" →
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Debt,Loans,Opinion,Students
4 min read
what is a danger of taking a variable rate loan
10 min read

What Is a Danger of Taking a Variable Rate Loan? Why Your Payments Could Rise Unexpectedly

10 min readA variable-rate loan has an interest rate that can change during the loan’s time, unlike a fixed-rate loan. A variable rate usually starts lower than a fixed rate, but it can go up—sometimes a lot—at any time. This means your monthly loan payments can also increase suddenly, making it harder to plan your […]Continue reading "What Is a Danger of Taking a Variable Rate Loan? Why Your Payments Could Rise Unexpectedly" →
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Debt,Guides,Loans,Opinion
10 min read
does a credit line increase affect credit score
9 min read

Does a Credit Line Increase Affect Credit Score? When It Helps and When It Hurts

9 min readA credit line increase can raise your credit score by lowering how much of your credit you use. Asking for a credit line increase might lead to a hard check on your credit report, which could lower your score for a short time. Automatic increases to your credit line, often given to good […]Continue reading "Does a Credit Line Increase Affect Credit Score? When It Helps and When It Hurts" →
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Credit Cards,Debt,Loans,Opinion
9 min read
after tax cost of debt formula
4 min read

After-Tax Cost of Debt Formula: A Simple Guide for Businesses and Investors

4 min readTurning your smartphone into a side hustle: Discover how to leverage your phone to earn extra income in your spare time. Exploring lucrative apps: We’ll explore a diverse range of mobile apps available on platforms like the Google Play Store, highlighting the most popular apps with high earning potential. Unlocking easy earning opportunities: […]Continue reading "After-Tax Cost of Debt Formula: A Simple Guide for Businesses and Investors" →
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Business,Debt,Investing,Opinion
4 min read
disadvantages of paying off debt
5 min read

Disadvantages of Paying Off Debt: Why Keeping Some Debt Could Be Beneficial

5 min readStrategic debt management can be a smart financial move. Good debt can help you build wealth, while bad debt can erode it. Maintaining a mix of debt can positively impact your credit score. Focus on paying down high-interest debt first. Create a sustainable debt repayment plan that aligns with your financial goals. Introduction […]Continue reading "Disadvantages of Paying Off Debt: Why Keeping Some Debt Could Be Beneficial" →
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Debt,Loans,Opinion,Personal
5 min read
How to Surrender a Financed Car Without Penalty - Verified by FangWallet
4 min read

How to Surrender a Financed Car Without Penalty

4 min readLearn how to return a financed car without incurring penalties. Understand the legal and financial effects of surrendering a financed vehicle. Review your loan agreement for surrender clauses and payoff amounts. Assess your financial situation and explore alternative options. Communicate with your finance company to understand costs before surrendering. Protect your credit score […]Continue reading "How to Surrender a Financed Car Without Penalty" →
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Auto,Debt,Frugal Living,Insurance
4 min read
what is private debt
4 min read

What is Private Debt? A Simple Guide to Alternative Lending

4 min readPrivate debt is a loan extended to a company that is not publicly traded and comes in diverse forms such as loans and bonds. It offers potentially higher returns compared to publicly traded debt. Private debt is not as liquid as publicly traded debt due to the lack of a secondary market. Investors […]Continue reading "What is Private Debt? A Simple Guide to Alternative Lending" →
FangWallet Editors<span class="bp-verified-badge"></span> FangWallet Editors
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Debt,Investing,Personal
4 min read
consolidate business debt
4 min read

Consolidate Business Debt: How to Regain Control Over Your Business Finances

4 min readBusiness debt consolidation simplifies multiple payments into one loan with a potentially lower interest rate. It can improve cash flow by reducing monthly payments, freeing up funds for operational expenses. Consolidation may offer longer repayment terms, which can lower monthly payments but might increase total interest paid. Timely payments on the consolidated loan […]Continue reading "Consolidate Business Debt: How to Regain Control Over Your Business Finances" →
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Business,Debt,Loans
4 min read
Beginner's Guide to Understanding Accredited Debt Relief - Verified by FangWallet
5 min read

Beginner’s Guide to Understanding Accredited Debt Relief

5 min readAccredited Debt Relief is a well-known debt settlement company based in San Diego, California. They negotiate with creditors to lower your unsecured debt. The company handles various types of unsecured debts, including credit card debt, medical bills, personal loans, and private student loans. Accredited Debt Relief charges a fee based on their results, […]Continue reading "Beginner’s Guide to Understanding Accredited Debt Relief" →
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Debt,Loans,Personal
5 min read
How to Become Debt-Free: The Best Tips & Strategies - Verified by FangWallet
4 min read

How to Become Debt-Free: The Best Tips & Strategies

4 min readGetting out of debt starts with understanding your financial situation. Begin by listing your debts, prioritizing them, and creating a monthly budget. Track your spending, cut unnecessary expenses, and consider debt repayment strategies like the snowball method. With discipline and commitment, financial freedom is within reach!Continue reading "How to Become Debt-Free: The Best Tips & Strategies" →
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Debt,Opinion,Personal
4 min read
How to Get Out of Debt Using the Proven Snowball Method - Verified by FangWallet
7 min read

How to Get Out of Debt Using the Proven Snowball Method

7 min readThe Debt Snowball Plan is a powerful way to regain financial freedom. By focusing on your smallest debts first, you gain momentum as you pay them off. Each victory motivates you to tackle larger debts, turning your financial journey into a manageable goal.Continue reading "How to Get Out of Debt Using the Proven Snowball Method" →
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Debt,Frugal Living,Loans,Opinion,Personal
7 min read
what happens if you never pay your student loans
3 min read

What Happens If You Never Pay Your Student Loans: Steps to Address the Situation

3 min readIgnoring student loan payments can lead to severe consequences, including wage garnishment, tax refund offsets, and a damaged credit score. Defaulting on loans can limit access to future credit, rental opportunities, and even some job prospects. Income-driven repayment plans, loan forgiveness programs, and other resources can provide relief for struggling borrowers. Proactive communication […]Continue reading "What Happens If You Never Pay Your Student Loans: Steps to Address the Situation" →
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Debt,Education,Guides,Opinion
3 min read

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