Debt settlement involves negotiating with your creditors to pay less than the balance due to satisfy your debt. For example, you may owe $10,000 but negotiate a debt settlement which allows you to pay just $5,000 to satisfy your debts.
While lightening your debt load may seem like a prudent thing to do, using a debt settlement to do it can have a negative impact. That’s because credit scoring is designed to reward those who pay all debt in full per the original terms of the credit agreement. Other lenders may take notice and be cautious of extending you credit in the future.
Retirement planning is no easy task. Not only do factors like salary, debt and expenses…
Are you retired — or planning to quit work soon — and looking for ways…
Managing your finances can feel like navigating an obstacle course. You have to resist temptations…
An old year is gone, and a new one has arrived. That means you are…
These days, “retirement” doesn’t always mean “not working.” According to a new study from the…
As 10,000 baby boomers turn 65 every day and count down the minutes to retirement,…