Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum. How you manage it plays a big role in how it impacts your finances.
The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...
Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...
Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it ...
Borrowing has become a normal part of life for most people, especially as everyday costs continue rising. Whether it's groceries, gas or housing, many Americans are now relying more heavily on credit ...
Good debt can increase your net worth and build in value over time. Bad debt is money spent on items that lose their value. Balancing good and bad debt is important to your financial wellbeing. While ...
The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...
Since the start of 2023, Nevada has written off more than $106 million in bad debt, money that state officials have determined is impossible or impractical to collect. There were four businesses ...
FOR many businesses, unpaid receivables are an unavoidable part of operations. Whether arising from unpaid invoices, defaulted loans, or broken payment promises, bad debts can significantly affect a ...
Debt may get a bad rap, but the reality is, it's not all bad. Sure, the ideal financial situation may involve being totally debt free, but in certain instances and under certain circumstances, taking ...