Debt
The Purpose of Debt
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It seems that nowadays everybody carries some amount of debt. Some people go into debt to start a business, some go into debt to obtain an education, and some go into debt to make large purchases. With opportunities for financing and loans everywhere to be found, it is no surprise that young people can [...]
Federal Student Loan Changes–Income Based Repayment
Starting on July 1st, 2009, students will receive a huge relief on their federal student loan payments. The program is called Income Based Repayment (IBR). The new program will set a limit on monthly payments that is a percentage of the student’s income. Specifically, IBR will cap monthly payments to 15% of [...]
Paying Off Debt: Dave Ramsey vs. Suze Orman
If you are like most Americans, you have to worry about paying off a substantial amount of debt. This process can be stressful and overwhelming. Because of this, it is important to attack the problem with a plan. There are two main methods for attacking debt. The first way, called the [...]
