#Consumer debt

[knacknews]

Home Mortgage Tips That You Can Use

TIP! When trying to figure out how much your mortgage payment will be each month, it is best that you get pre-approved for the loan. Compare different lenders to learn how much you can take out and learn what your actual price range is. It can be overwhelming to take out a mortgage for a home. You should enter a bank with some knowledge in order to make proper decisions. The following article…

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#consumer debt #interest rates #mortgage lenders #mortgage process #property taxes

[followthroughanddoit]

#debt #debt payoff #paying off debt #planner #planning #printables #printable #stationery #student loans #credit card debt #consumer debt

[signode-blog]

Signs of Recession

In the complex world of economics, recessions are inevitable yet challenging events that can have far-reaching consequences on individuals, businesses, and entire nations. Recognizing the signs of an impending recession is crucial for making informed decisions and mitigating potential risks. In this blog post, we will delve into the key indicators and signals that economists and policymakers…

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#Business investment #Consumer debt #Consumer spending #Economic cycle #Economic downturn #Economic health #Economic Indicators #Financial Markets #GDP growth #Housing market #Investor sentiment #Mitigating risks #Proactive measures #Recession #Recovery #Resilient future #Stock market performance #Unemployment rates #Yield curve #Yield curve inversion

[newmediaandmarketing]

The Double-Edged Sword of Consumer Credit: Are More Credit Cards Good or Bad?

Overall, U.S. consumers were carrying around $1.1 trillion in credit card debt at the end of the third quarter of 2023, heading into the holidays. Credit cards have become an integral part of our daily lives. With the convenience they offer, it’s no surprise that many individuals now possess multiple credit cards. However, the question remains: Is this trend of using more credit cards a positive…

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#Consumer Debt

[fastlane-freedom]

Debt Management & Debt Reduction Strategies for Debt-Free Life

Debt management and reduction are important aspects of personal finance that help individuals stay financially stable and achieve their financial goals. Debt is a common financial burden that many people face, and it can be overwhelming if not managed effectively. In this blog, we will discuss debt management and reduction strategies that individuals can use to manage their debt and achieve…

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#bad debt #budgeting tips #consumer debt #cost of debt #credit card debt #dangers of debt #debt #debt accumulation #debt and life #debt avalanche method #debt consolidation #debt elimination #debt free #debt free life #debt management #debt management strategy #debt reduction #debt reduction strategy #financial freedom #personal finance

[davidnelsoncfa]

The Fed moved the goalposts - How to play and win

By David Nelson, CFA We are coming into the last week of September and investors are facing some tough choices on how to position for the final quarter of 2023. On the heels of 3 weekly declines traders are bracing for a breakout in the VIX, (CBOE Volatility Index) forcing even lower prices or a reversion to the mean, relieving oversold conditions letting stocks take back some of the…

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#consumer debt #consumer rates #David Nelson CFA #Debt Crisis #Economy #Fed Rate policy

[zee-man-chatter]

And yet they are trying to bring a million immigrants suckers here a year so they can live high in debt and get no real raises in at least 4 decades, in part because Canada doesn’t invest in business and just falls further and further behind. Canada avoided the 2008 disaster, but if people are at the 100% level for debt, there isn’t much wiggle room left for them to spend money. Trudeau has added another carbon tax, which will seep into the cost of every product you buy. How much longer can this madness go on? It’s just a house of cards waiting for one tiny breeze.....

#consumer debt #canada #justin trudeau

[mfi-miami]

American Household Debt Climbs To $16.51 Trillion

American Household Debt Climbs To $16.51 Trillion

American Household Debt Climbs To $16.51 Trillion At The End Of The Third Quarter Of 2022 American household debt climbed by more than $351 billion more in debt in the third quarter.  Federal Reserve Bank of New York reported this is an increase of 2.2%. As a result, this drove overall American household debt to a record $16.51 trillion.  Balances also now stand $2.36 trillion higher than at…

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#American Household Debt #consumer debt #debt #foreclosure #foreclosures #homeowner debt #liens #Mortgage Debt #mortgages #unpaid debt

[knacknews]

Everything You Ought To Know About Home Mortgages

TIP! It is likely that your mortgage lender will require a down payment. It’s rare these days that qualifying for a mortgage does not require a down payment. Do you want to be a homeowner? Do you need to refinance your current home loan? In order to borrow money to help finance the home, a mortgage will be necessary. The process is kind of hard to work with at first, but by using what you’ve gone…

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#closing costs #consumer debt #credit rating #mortgage loan

[dontmeantobepoliticalbut]

In October, tens of millions of borrowers will be required to pay their monthly federal student loan bills for the first time since March 2020, the Department of Education clarified Monday.

The pandemic-related pause on both payments and interest accumulation has been set to end later this summer, though the exact date payments would be due was a little fuzzy.

The Biden administration had previously said that the pause would end either 60 days after June 30 or 60 days after the Supreme Court rules on the separate student loan forgiveness program – whichever comes first.

A law passed in early June to address the debt ceiling officially prevented the pandemic-related pause from being extended again. The repayment date has been extended a total of eight times under both the Biden and Trump administrations.

“Student loan interest will resume starting on September 1, 2023, and payments will be due starting in October. We will notify borrowers well before payments restart,” the Department of Education said in a statement sent to CNN Monday.

The update was first reported by Politico.

Borrowers typically receive their bill statements from their loan servicer a few weeks before they are due. Not every borrower’s bill is due at the same time of the month.

The Department of Education has said that it will be in direct communication with borrowers and ramp up its communication with student loan servicers before repayment resumes.

Student loan experts recommend that borrowers reach out to their student loan servicer with any questions about their loans as soon as possible, especially if they are interested in enrolling in an income-driven repayment plan. Those plans, which set payments based on income and family size, can lower monthly payments but require borrowers to submit some paperwork.

Federal student loan borrowers can check the Federal Student Aid website for updates on resuming payments.

SOME BORROWERS COULD BE AT RISK OF DEFAULT

Some borrowers may struggle to resume paying their monthly student loan bills.

More student loan borrowers are currently behind on other kinds of bills than they were before the COVID-19 pandemic, according to a recent study by the Consumer Financial Protection Bureau.

The report also said that about 1 in 5 student loan borrowers have risk factors that suggest they could struggle when scheduled payments resume, like being delinquent on student loan payments before the pandemic or having multiple student loan servicers.

When payments restart, many people might be confused about how much they owe, when to pay and how. Millions of borrowers will have a different servicer handling their student loans since the last time they made a payment.

Originally, the pause on federal student loan payments was put in place to help borrowers struggling financially due to the pandemic.

From a jobs perspective, the economy has largely recovered from the pandemic-related disruptions. In May, 3.7 million more people were working than in February 2020.

But there are some soft spots. Major layoffs have recently been announced at big companies like Disney and Amazon. Earlier this year, a regional banking crisis was set off by the collapse of Silicon Valley Bank, the largest bank to fail since the 2008 financial crisis. And inflation remains high but is cooling after reaching a 40-year peak last year.

STUDENT LOAN FORGIVENESS STILL ON THE TABLE

Meanwhile, all eyes are on the Supreme Court as borrowers wait to see if the Biden administration will be allowed to move forward with its student loan forgiveness program. A decision is expected in late June or early July.

Under the proposal, individual borrowers who made less than $125,000 in either 2020 or 2021 and married couples or heads of households who made less than $250,000 a year could see up to $10,000 of their federal student loan debt forgiven.

If a qualifying borrower also received a federal Pell grant while enrolled in college, the individual is eligible for up to $20,000 of debt forgiveness.

But several lawsuits argue that the Biden administration is abusing its power and using the pandemic as a pretext for fulfilling the president’s campaign pledge to cancel student debt.

No debt has been canceled yet. But if the Supreme Court allows the program to take effect, it’s possible the government moves quickly to forgive the debts of 16 million borrowers who the administration already approved for relief.

If the Justices strike down Biden’s student loan forgiveness program, it could be possible for the administration to make some modifications to the policy and try again – though that process could take months.

#us politics #news #cnn politics #president joe biden #biden administration #student loan forgiveness #cancel student loans #federal student loans #student debt forgiveness #student loan debt #us supreme court #scotus #2023 #Department of Education #politico #Consumer Financial Protection Bureau

[resident-gay-bitch]

what about wolfstarbucks huh? WHAT ABOUT THEM?!?

#gimme fic recs #i was just thinking about them and then i saw a very short post on my dash about them and now i need them to CONSUME ME #so please. if you have fic recs for them give them to me most graciously. i will forever be in your debt #wolfstarbucks #remus lupin #sirius black #james potter #remus x sirius x james #remus x sirius #sirius x james #james x remus #wolfstar #bambibelle #eclipse #prongsfoot #starbucks

[newmediaandmarketing]

Rising Credit Card Debt Will Impact Brands in These 5 Ways

Credit card debt in the United States has been rising for several years and just topped $1 trillion for the first time ever, according to the Federal Reserve. This trend is having a significant impact on brands and will only worsen in the years to come. Continue reading Untitled

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#Consumer Debt

[musubiki]

Sulluvan knows/has probs met the Witch King right? Maybe before he spoiled or sumn? Did the witch king have anything to say when Sulluvan went to collect him finally?

honestly i dont think he had much to say!!! sulluvan....sort of met him long ago? i always think about a mini-episode centered around sulluvan at that time (he was just a child all those thousands of years ago, and his father was the lord of the undertakers, so little sulluvan just kind of shadowed his father in dealings with the witch king and others,,...really the point of the episode is its a flashback on sulluvans part that is actually focused on the merchant, who was ALSO alive at that time, looked and acted exactly the same, and was out and about his usual business of selling things. he sold little sulluvan a little pinwheel toy, and sulluvan reflects on that moment anytime the merchant is brought up. hes afraid of him, to be honest)

but back to the point, sulluvan by nature is supposed to be impartial!!! thats his role as the lord of the undertakers. he cant choose sides (which is why he doesnt participate in the fight against the witch king). he probably offers the witch king the chance to "redeem his wicked nature" by becoming an undertaker and "paying back the debt he owes" by working to deliver souls to the afterlife, to which the king replies "I have committed no wickedness."

#and then sulluvan consumes his soul #as is the procedure #trivia about the undertakers: theres the lord (sulluvan) and the rest of them are wicked souls who chose a second chance at redemption #the way it works is if you commit enough heinous deeds: then when you die you do not get sent to the afterlife #or (sent back to the stars) is the saying is midsphel #instead sulluvan offers you the chance to become an undertaker and your wickedness can be 'worked off" over time by delivering souls #and by (over time) i mean hundreds of years #and once you pay off the debt you can go to the stars #if you dont choose this then he consumes your soul #anyway. the person who knows the witch king isnt sulluvan. its THE MERCHANT #HE KNOWS HIM #(Oh his majesty King Deo? I sold him a rug once. Not a good tipper that one! Got it from his grandfather probably~) (You WHAT?!)

[arcanespillo]

sometimes i take off the wifi for specific apps because i don't wanna be reached or i just want some quiet time like when i read a book or watch a movie you know i don't want to be bothered and i think wow, we literally put everything in this thing. i wish things were back to being separated, it's sad that It costs so much to buy a movie or a pap er book no w of course i feel obligated to use my phone

#i'm poor #if i had to buy everything i really consume i would have billions in debt #so i'm glad we have phones and computers and stuff but also i wish i could go out and have my paper yearly train ticket instead i have to #use an app on my phone to take the train and i hate it cos i'm forced to find ways of keeping my phone constantly charged because if #anything happens i have to be able to get on public transport and go home #i wish i could go out without my phone but since everything is on there it would be like going out without ID

[arrozaurus]

im not joking that the only way the us can meet climate collapse measures is if they nuked the entire fucking country

ps: what i mean by nuking the country, im refering to the act of dismantling the structures and politics that shape its society. a mechanism such as this requires an incredible amount of torque that is only possible through an extraordinary cataclismic change comparable to a nuclear catastrophe

#the rest of the west too but less so #but i dont know how much to trust the numbers i know european countries like to sell climate debt and garbage to china #consuming five times the population of your own country is no excuse though and it runs deeper than personal regulation its structural #hence why destroying a country is the only way you can meet the insane requirements that we need now #which isnt gonna happen which means we have been doomed #climate change

[bethanydelleman]

Can I please ask? In persuasion, how is Sir Walter Elliot living beyond his means? I mean he must've been very rich with loads of lands if he was a baronet, isn't it? Are there any particular references in the book which could point towards the particulars is his overspending? Thank you.

It is stated that Sir Walter's debt is what we would call "consumer debt", as in, Gucci handbags and Mercedes cars, not something like gambling debt which did plague the aristocracy and the gentry. Sir Walter wants to look the best and most fashionable in every situation.

In Ch 1:  

the heavy bills of his tradespeople... The Kellynch property was good, but not equal to Sir Walter’s apprehension of the state required in its possessor. While Lady Elliot lived, there had been method, moderation, and economy, which had just kept him within his income; but with her had died all such right-mindedness, and from that period he had been constantly exceeding it. It had not been possible for him to spend less; he had done nothing but what Sir Walter Elliot was imperiously called on to do; but blameless as he was [LOL!], he was not only growing dreadfully in debt, but was hearing of it so often, that it became vain to attempt concealing it longer, even partially, from his daughter. He had given her some hints of it the last spring in town; he had gone so far even as to say, “Can we retrench? Does it occur to you that there is any one article in which we can retrench?” and Elizabeth, to do her justice, had, in the first ardour of female alarm, set seriously to think what could be done, and had finally proposed these two branches of economy, to cut off some unnecessary charities, and to refrain from new furnishing the drawing-room

Sir Walter wants to live in the first style, probably he is always buying a new carriage, new clothes, new furniture etc. and also serving extravagant dinners. Not to mention all the mirrors! Since Elizabeth is running the household, she has probably helped run the ship into the ground, the opposite to Lady Elliot, who was keeping the ship afloat.

It's heavily suggested that the Crofts have far fewer servants than the Elliots. Admiral and Mrs. Croft moved the mirrors themselves and they put the umbrellas by the door because they aren't calling footmen to get the umbrellas for them. Both of the following quotes are said by Admiral Croft:

You can slip in from the shrubbery at any time; and there you will find we keep our umbrellas hanging up by that door. A good place is not it? But,” (checking himself), “you will not think it a good place, for yours were always kept in the butler’s room So I got Sophy to lend me a hand, and we soon shifted their quarters

And the dinner quote:

She [Elizabeth] felt that Mrs Musgrove and all her party ought to be asked to dine with them; but she could not bear to have the difference of style, the reduction of servants, which a dinner must betray, witnessed by those who had been always so inferior to the Elliots of Kellynch.

Also, according to a very interesting thesis I read about the economy during Jane Austen's time, there was crazy high inflation during this era. So Sir Walter might have trouble maintaining the lifestyle of his youth on the fortune of the present. For example, Jane Austen's family could afford a carriage on about £500 a year and then suddenly they couldn't because of price rises. The price of common consumer goods doubled.

Sir Walter also has an entailed estate. The phenomenon of “house poor” was common among the gentry and even happened to the aristocracy. Because you can’t sell your land or house, one has a large house but very little money to keep it running or to live on. For this reason, many heirs needed to marry a wealthy woman, to cover the debts of the estate. This is what happens with Eliza Brandon in Sense & Sensibility, the Brandons were far in debt and they needed her fortune to cover it so they forced her into marriage. Poor Eliza!

Now, this is purely conjecture, but Sir Walter might also have been maintaining some sort of mistress since he is so honourably not marrying for his daughter's sake. The price varied a lot depending on what kind of woman you wanted and how exclusive they were to you, but I think we can all agree that Sir Walter would demand the very best in paid companionship.

(There is this Canadian show called Princess where a financial advisor helps women, and a few men, who have fallen into deep consumer debt. So whenever I think about Sir Walter’s debt I sing the theme song in my head.)

#sir walter elliot #question response #I have thought about this a lot because Sir Walter is one of the main characters in my novel #it is consumer debt #I bet all his rooms are full of gold leaf #and his clothes full of gold thread #and even Anne probably wears really nice clothes #because it's all about apperances #so many carriages #and never very old