When you finally give up on collecting a debt (usually it’ll be in the form of a receivable account) and decide to remove it from your company’s accounts, you need to do so by recording an expense. We call this a bad debts expense. Here, we’ll go over exactly what bad debt expenses are, where … Read more
Debt Settlement – How the Debt Settlement Procedure Works A lot of honest, upstanding people are facing difficult financial situations in the current economy. Bankruptcy is a solution that works for some, but it is not the right solution for everyone seeking a way out of overwhelming debt. Paying off existing accounts – even without … Read more
The JG Wentworth Debt Relief Program is aimed at helping people who owe over $10,000 in debts they’re struggling to pay and those worried about not being able to keep up with their debt payments. This program claims to use its experience to negotiate with your creditors, aiming to lower the amount you owe and … Read more
According to data from Credit Counselling Singapore (CCS), more than 13,000 people in Singapore are paying off their debts through a Debt Consolidation Plan with banks. The average personal debt stands at S$100,559 based on a S$3,359 monthly income. But what is a Debt Consolidation Plan? Is it right for you? If you are here … Read more
To view important disclosures about the Experian Smart Money™ Digital Checking Account & Debit Card, visit experian.com/legal. The Experian Smart Money™ Debit Card is issued by Community Federal Savings Bank (CFSB), pursuant to a license from Mastercard International. Banking services provided by CFSB, Member FDIC. Experian is a Program Manager, not a bank. Editorial Policy: … Read more
American consumer debt — including mortgages, car loans, credit cards and student loans — reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This is an increase of 2.4 percent, or $394 billion, from the third quarter of 2022, prompting many Americans to explore other strategies to manage … Read more
Ohio Debt Consolidation Information The state of Ohio’s economy came out of the Great Recession of 2008 like many midwestern states: Tired, beaten and desperate to change. A decade later? Things have changed … mostly for the better. Ohio, which was 49th among U.S. states in economic growth in 2011, is up to number 38 … Read more
Request a repayment plan Research shows payday loans have interest and fees that are so high, it can be almost impossible to make payments and still live on a budget. The good news is, you may have options to cut your payments. Some states mandate payday lenders allow an extended repayment plan that gives you … Read more
Can You Be Sued for Credit Card Debt? When you are struggling with credit card debt, you may wonder if you can be sued by credit card companies to collect the outstanding balance. The answer is yes, credit card companies have the right to take legal action against debtors who fail to repay their debts. … Read more
When shopping for personal loans, borrowers will find that there are two main categories: secured and unsecured personal loans. A secured loan is backed by collateral, meaning something you own can be seized by the bank if you default on the loan. An unsecured loan, on the other hand, does not require any form of … Read more