Definition of DEBT: Money borrowed from lenders for a variety of corporate or personal purposes. The borrower pays interest for the use of the money and is obligated to repay the principal amount on a set date. I guess this is something we should have talked about from the very beginning. I realized that some [...]
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Maintenance Fees? What are they and is the bank really doing anything to earn that money? In short, by definition, maintenance fees are charged by financial institutions and companies for maintaining accounts. I would also have to say “yes”, they do earn there right to maintenance fees because it does cost money to maintain accounts, [...]
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THOSE PESKY FEES! I don’t usually do this but I need to vent because of annual fees or the fees my bank now charges. Fees are everywhere these days, from late fees, atm fees, reward fees, annual fees, overdraft/overlimit fees…..shall I continue? I’ll stop because I think you get the picture. Fees are everywhere and [...]
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A Student Loan is designed to help students pay for college tuition, books, and living expenses. It differs from other types of loans in that the interest rate is substantially lower and the repayment schedule is deferred while the student is still in school. The 3 major types of student loans are Direct Loans such [...]
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Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. All that it means is an opportunity to get out of debt through budgeting, debt consolidation, debt settlement, debt management or even more frequently bankruptcy. According to WiseGeek.com, there are several [...]
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Debt settlement, also known as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Essentially it is negotiating your bills away so you will owe between 20% to 75% of your original debt. Creditors [...]
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