Although there are obvious pitfalls to taking out a mortgage or a new car loan which are not a problem with unsecured credit, there is no doubt that unsecured borrowing can still be a very risky endeavor. Just because the lender cannot repossess your possessions to make good on the loan, this does not mean…
In this article, you will discover the ins and outs of calculating your debt-to-income ratio. For those seeking to gain a deeper understanding of debt, this information will prove invaluable. By examining the various factors that contribute to this ratio, you will be equipped with the knowledge to assess your financial standing and make informed…
Credit comes with pitfalls. We are told this regularly and for many people it seems to be all they ever hear about the process of paying with credit. However, if managed to your advantage, you can make credit cards work for you. Bear in mind that banks and lenders are quick to add charges to…
In the realm of debt collection, understanding consumer rights and protections is essential. One question that often arises is whether debt collectors are allowed to make calls on Sundays. Knowing the answer to this question can significantly impact individuals dealing with consumer debt. This article aims to provide clarity on the matter, explaining the regulations…
The global financial crisis, a complex and multifaceted event, cannot be attributed to a single cause. It was the result of a combination of factors, including unwise lending practices by banks and other financial institutions. This article aims to explore these causes in-depth, examining their roots and the subsequent impact on the global economy, particularly…
Personal bankruptcy generally is considered the debt management option of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job. Still, it is a legal procedure that…