Compare These Top Vendors for Consumer Debt
Equipment leasing and financing for most industries including Medical, Contstruction, Machinery, Restaurant, Production, Scale, Municipal and Technology
LeaseSource is your quick and simple source for equipment leasing and financing solutions. Since 1993, we match your needs with the best program.
Directory of debt consolidators and debt consolidation information. Browse listings to find companies that specialize in providing clients with business debt relief.
www.business.com/finance/debt-consolidation/Providers of credit card debt management services to help businesses eliminate bad credit card debt through settlements, credit card debt negotiation strategies, and business credit card debt consolidation.
www.business.com/finance/credit-card-debt-management/Directory of collection agencies and debt collectors. Find debt companies and debt collection services that can help you with debt recovery and bill collection solutions.
www.business.com/finance/collection-agencies/Businesses that provide their customers with consumer credit information resources grant those clients access to powerful tools for determining their creditworthiness. When clients understand and can take action to correct discrepancies on their cred...
www.business.com/finance/consumer-credit-information-resources/Administrators and sources of college financial aid for students. Review listings to find links to providers of student loans, college scholarships and grants, and 529 college savings plans.
www.business.com/finance/college-financial-aid/Business directory to 401k rollover information and advice.
www.business.com/finance/401k-rollover/Source: /guides/401-k-plans-key-terms-33062/
Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »
Source: /guides/401-k-plans-industry-overview-21253/
The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »
Consumer Debt
Lenders believe that if you have a large amount of consumer debt, you're at high risk of not being able to repay. The organizations that calculate credit scores often think the same thing and adjust them accordingly. Solution? Pay down that debt before trying for a new loan.
1. Learn the difference between "good" consumer debt and "bad" consumer debt.
2. Research consumer debt information and see if you can kick the debt on your own.
3. Talk to a consumer debt consultant if you need extra help.
Distinguish between good and bad consumer debt
Some types of consumer debt should concern you more than others. For example, a mortgage loan or student loan is considered good debt, since it is actually an investment. Your home will likely appreciate and your education can help you get a better job in the future. However, bad debt, such as credit card balances, is different. If you're like most people you use your cards for things like groceries, meals out and vacations. So you end up paying interest on things that have no lasting value.Of course, the best advice on how to deal with consumer debt is to pay it off. Start with the card w
Of course, the best advice on how to deal with consumer debt is to pay it off. Start with the card with the highest interest rate and make the minimums on the other cards. Then, when you have that one paid off, begin with the next card. However, if you have say $20,000 of credit card debt, this can be easier said than done.Cut spending to help with your consumer debt
There's no point trying to pay down your consumer debt if you're accruing more at the same time. It's like taking two steps forward and three steps back.- Once you've got your consumer debt paid off, cut up those credit cards, or at least stick them in a drawer.
-
Get Multiple Quotes!
Briefly describe your project and get matched with the top vendors!
-
Tips & Advice for Consumer Debt
Consumer debt is the public's financing of consumable goods through short term extensions of credit. Credit card balances, payday loans, and specialty financing at high interest rates comprise an economy's total amount of outstanding consumer debt. This tally is concerned with credit used by individuals to make purchases of goods that are for immediate use and not debt assumed for investments or purchases of capital assets.
Increases and decreases in total consumer debt are closely monitored as economic indicators. Some economists think that increased consumer consumption helps an economy grow. When a country fears a recession is imminent, policymakers will sometimes support actions that result in lower interest rates on consumer goods. Lower interest rates mean money is cheaper to borrow. Under this theory, cheaper money means more consumers will decide to make purchases now, rather than put those purchases off.
The notion of consumer debt as a viable way to increase current consumption has cultural limitations. In some countries, such as the United States, credit card use and the accumulation of consumer debt is culturally acceptable. In other countries, such as Japan, the practice is taboo. Generally, however, the use of consumer credit has been expanding globally over the past decades, rather than retracting. Read more about consumer debt from the links on this Business.com page.
-
Related Solutions & Vendors
- Agricultural Equipment Leasing
- Cash Register Leasing
- Consumer Credit Information Resources
- Consumer Credit Rates and Quotes
- Debt Relief
- Dry Cleaning Equipment Leasing
- Equipment Financing
- Equipment leasing
- Fitness Equipment Leasing
- Industrial Equipment Leasing
- Laundry Equipment Leasing
- Medical Equipment Leasing
- Photography Equipment Leasing
- Restaurant Equipment Leasing
- Used Equipment Leasing
