Consumer debt

The Fair Debt Collection Practices Act (FDCPA), which Indiana uses in their own law, was created for a reason. That reason being to protect debtors from abusive collecting practices performed by debt collectors. Just because Check Investor’s found a thought-provoking and ingenious loophole in the code, our judicial system is set up in a way to fend off loopholes that infringe on the overall purpose of the law. This case was a vital keystone that would, and did, dictate how our debt collectors…

of Debt Debt is not a sin, debt is never the real problem, it is only symptomatic of real problems-greed, self-indulgence, impalience, fear, poor self-image, lack of self-worth, lack of self-displine, and perhaps many others. 7) There are Five Different Kinds of Debt: 1. Credit card debt 2. Consumer debt 3. Mortgage debt 4. Investment debt 5. Business debt The primary economic danger of debt is that compounding work against you rather than for you. Decide not to go into debt and become debt…

In the article, “ The Largest Predatory Lender in America” by Kevin Cochrane makes valid arguments against our government itself and reason for increased student debt. The title itself explains the overall concept of the article and is ironic because The U.S acts like a “predator” looking for their next victim and preferably which are low income minority borrowers. An organization that targets a certain population would typically be investigated under the government but in this case it’s our…

Perhaps the education behind financial decisions could reflect positive investment choices, but may do an eminently little alleviation to the inevitability of student debt. Based on the idea that individuals living in the United States cannot afford $20,000 a year, but still accept the payment through risk, supports that claim that people are willing to take risky financial decisions so they may end up with a potential…

such as mortgages. However, with the current high lending rates and the high rates of unemployment, it becomes very difficult to repay these loans in time. This is where the company Freedom Debt Relief comes in to address this matters. It is a US company that works to reduce financial strain when repaying debts. Currently, their headquarters are located in San Mateo, California. A brief history of the company is that it was founded back in 2002 by Andrew Housser and Bradford Stroh both of whom…

The CFPB 's War on Installment Loans Hurts the Very People It Claims to Protect The CFPB 's War on Installment Loans Hurts the Very People It Claims to Protect The Consumer Financial Protection Bureau’s war on installment loans disenfranchises the people that it’s charged with protecting according to a report posted at Investors.com. The agency not only exceeds its legislative mandate but also uses questionable tactics that generate de facto legislative actions by enforcing laws that have not…

Capital Structure Debt and equity are the principal components of a company’s long term capital and capital structure describes this composition (combination of debt and equity) of the company’s permanent/long term capital. Capital structure is an indicator of how a firm finances its overall operations and growth using the different sources of funds available. It is a mix of long-term debt, short-term debt, common equity and preferred equity. Debt is in the form of bond issues or long-term…

Student loan debt has increasingly become an issue, not only for those who have acquired it and must deal with it, but also for the economy. To function normally in today’s society, pursuing a college education is a requirement for those who want a high paying job. With this decision, students also decide to take on large amounts of student loan debt and the long-term turmoil that it inevitably leads to. Student loan debt impacts students purchasing power which negatively impacts the economy.…

nearly quadrupled since 2004, to just under $1.2 trillion according to the Federal Reserve Bank of New York. However, there are some who claim that student loans are not affecting the economy at all since borrowing and lending money do not make consumer spending larger or smaller it just changes who is doing the spending when. This is right in the sense that the same amount of money is being spent however, where this money is being spent does affect the economy. There has been direct signs of…

expenses can be charged to your credit card. One important rule to having a credit card is to only charge what you can afford to pay. Making excessive purchases is an easy way to build debt and increase interest rates. How you manage to build credit can set you up for financial success or begin a costly path of paying off debts. Luckily enough, college students are already on a path than can help them establish good credit. Student loans are easily a great source for building credit as long as…