#debt

account_balance_wallet How can I pay off credit card debt and improve my credit score?

If you're struggling with credit card debt, you're not alone. It can be overwhelming to try to pay off high balances, especially with high interest... Read more

attach_money What's the difference between a deficit and a debt?

A deficit is the difference between spending and revenue for a specific period of time, usually a year. When a government or organization spends more... Read more

credit_card How do credit cards and loans work?

Credit cards and loans are financial tools that allow you to borrow money to make purchases or pay bills. They can be helpful in managing cash flow,... Read more

psychology What are the impacts of student loan debt on mental health?

Student loan debt can have a significant impact on mental health, as it is a major source of stress and anxiety for many borrowers. Studies have... Read more

account_balance What are the effects of student loan debt on the economy and society?

Student loan debt is a growing concern in the United States, with total outstanding student loan debt reaching over $1.6 trillion in 2021. This debt... Read more

attach_money Why does the US keep borrowing money from China? Can't they just make their own money?

The US government borrows money from China (as well as from other countries and individuals) in order to finance its spending, which often exceeds... Read more

home How do home equity loans and home equity lines of credit work in the US?

Home equity loans and home equity lines of credit (HELOCs) are two options that homeowners in the United States can use to borrow against the equity... Read more

credit_score How can I improve my credit score?

If you have a low credit score, there are several steps you can take to improve it:Pay your bills on time: Late payments can have a negative impact... Read more