Despite numerous federal efforts to make bank loans available to small business owners, bank lending is still extremely low and merchant loans are still serving as an excellent alternative. In the last five months, the 22 biggest Tarp recipients have cut their outstanding lending balances by billion, according to Catherine Clifford of CNN Money. These … Read more
Not so long ago most Americans retired debt free, or close to it, and it was considered the norm, but that was then. Now, an ever increasing number of Americans are retiring with huge amounts of debt, partly paid off mortgages, home-equity lines of credit, credit card debt, and even auto loans. For many decades, … Read more
Recently, my newspaper reported that a local bank “…earned a four star excellence rating for the sixty-fourth consecutive quarter.” That’s sixteen years of four star excellence! The article went on to say that the “rating is based on a complex formula that includes …capital safety levels, quality of loan portfolio, and the ability to meet … Read more
A loan can be defined as a debt created when one party borrows an asset from another and promises to return the same with some amount of interest within a stipulated period of time. Loans are usually cash or money based. Here the person/party receives or borrows the money and is hence called the borrower, … Read more
It is vitally important for retirees to have proper debt management skills in order to enjoy a debt free, happy retirement. When you are debt free you have no money worries. You can focus your mind on leisure activities and not on finding debt solutions. Debt management tips to eliminate debt Prepare a financial budget … Read more