I read some statistics about credit card debt today that simply blew my mind. There were three items that stuck out big time to me. The first one was that the average credit card debt in the United States is $15,788. The second one was that the average person in the US has 3.5 credit cards. The third and most shocking point was that the average interest rate was 14.99%. Wow!
Looking for a credit repair guide? This post will get you started, whether you’re looking to complete it your self or want ideas on finding a reputable organization to complete it for you! Obviously, we will only cover the basics compared to a much more thorough credit repair guide, but we will cover enough of what’s important. Since debt consolidation is not a rare defect but rather a nationwide disease commonly amongst individuals who made small mistakes that balled into a gigantic spread, guides are much more enhanced providing far better suggestions, advice, and solutions protected by the CROA rights.
Small business loan outlets have been scarce since the economic crisis began, and starting financing is nowhere to be found. Even if you have had a verifiable ability to generate sales, profits and just need a little additional funding to grow your business, the current financial uncertainty has made traditional banks and investors reluctant. Despite having obtained trillions of dollars from the U.S. Treasury, the banking industry is still keeping a small leash on credit and funds. So, you may ask “Where is my bailout?”
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The Federal PLUS Loan is a low cost federal loan that grants the parent or parents of a student to borrow the cost of undergraduate education. This includes all eligible school expenses such as tuition, room and board and books, just to name a few. If the student is receiving any financial aid in their own name, that money must first be applied to the college expenses and then the Federal Parent PLUS Loan can be borrowed and used to pay for the remaining expenses that aren’t covered by the financial aid that is in the student’s name.
You know what the “Death of 1000 cuts” is right? It is actually an old form of Chinese torture where they would put a bunch of small cuts all over a person’s body so they would bleed a slow death from all of the little cuts. Apparently this is a horrible way to die, bleeding slowly.
This is exactly what happens to you when you’re deep in credit card debt. The only difference is that you won’t actually die from it. You personally won’t die, but your money is bleeding out of your paycheck from all over. Credit card debt is seemingly painless.
