All about loans in Kenya
Debt collectors can be unlawful and abusive. But if you know your rights when dealing with debt collection agencies, you can keep them in their place. While I’ve been in deep debt, I’ve never been in deep with a debt collector. And that’s a very good thing, because those are […]
Unpaid medical bills take longer to hit your credit report and may be weighed less heavily in scoring formulas. A serious illness or injury can be disruptive. You need to heal, and you may be overwhelmed for a while as you put your work and family life back together. There’s a strong […]
You’re finally ready to admit it. You’re in serious trouble financially. You made the mistake of thinking each month that you could make things better or that it was okay because you were making at least the minimum payments on your credit cards. But you just can’t deny the facts […]
Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses that can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. Bankruptcy laws were written to give people […]
Debt relief is the reorganization of debt in any shape or form so as to provide the indebted party with a measure of relief, either fully or partially. Debt relief can take a number of forms: reducing the outstanding principal amount (again, either partly or fully), lowering the interest rate […]
Although some structural differences exist between how the Department of Education and commercial lenders administer the default process for federal student loans, the consequences for borrowers are similar. FFEL program and direct loan borrowers are in default when their payments are 270 days past due. After a borrower defaults, the servicer […]
Student loan debt can feel overwhelming for many young adults in America. However, carrying student loan debt doesn’t have to be a burden when you create a realistic payoff plan. Here are five practical ways to help pay off your student loans: Choose the shortest student loan repayment program you […]
Know who and how much you owe Make a list of your debts: include the creditor, total amount of the debt, monthly payment, and due date. You can use your credit report from your lenders to confirm the debts on your list. Refer to your debt list periodically, especially as […]
Take control of your liabilities to shape the future of your business and sleep better at night. Let’s take a look at five debt management strategies to help you grow with confidence. Rework Your Business Budget Before diving in to attack your company’s debt, learn all you can about your […]
To build wealth and focus on important financial goals, you need to trim down and ultimately eliminate debt. These debt management tips will help you stay in control of your money. Developing the discipline and motivation to get out of debt will enable you to focus on becoming financially secure. […]