American debt situation – The good, the bad and the worst

2008 was a memorable year for the American economy. In this year, the nation encountered the worst ever financial crisis that had a number of causes. However, the key reason of the meltdown was probably owing to high debt both by individuals and businesses. Since the debt bubble burst, America has been struggling with the challenge of casting off much […]

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Should you use your retirement savings to pay off debt?

If you’re planning to use your retirement funds to pay off pesky debts, you must think twice. Taking out a 401(k) loan may sound attractive for a couple of reasons and those are, • You don’t have to meet any qualifying criteria • You can get access to quick fund • Interest charged on such loans are much low – […]

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Choosing your major right is important to pay back student loans

Student loans present a worse picture than would’ve been thought possible. Every year you get to hear stories about the probable number of students dropping out simply because of the fact that they can’t handle the debt burden altogether. In fact, recent figures about student loan debt would tell you how miserable the situation actually is. It’s a known fact […]

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Debt is a personal problem: Stop treating it like a financial problem

Are you suffering from insomnia because of escalating credit card debt? Do you really want to sleep peacefully at night? If yes, then the first thing that you need to understand is the fact that debt is not as mere financial problem. It is actually a personal problem. It will be tough for you to digest this fact, but then […]

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Burgeoning student loan debt – Wait a little to achieve your dream

Student loans are regarded as good debt for myriads of reasons. These loans help to give a push to your career. You can study the subjects of your choice and choose a career that will help to fulfill your dreams. However, in the last few years, the word “student loan” has become an anathema in the nation. Student loan debt […]

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