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If you want to learn more about managing your finances and debt repayment plan, check out Bankrate and National Debt Relief’s ongoing article series about all things debt. Watch this space for ...
In the mortgage context, the term "cramdown" has a distinct meaning than in a chapter 11 corporate bankruptcy. Instead of referring to the confirmation of a plan over the objection of an impaired class of creditors, a mortgage cram-down refers to reducing the creditor's allowed secured claim to the value of the collateral property.
Kathleen Marcell is a financial coach and founder of The Financial Reframe, but she wasn’t always savvy about her money.Marcell graduated college in 2008 with $40,000 worth of debt and was ...
The debt snowball method is a debt-reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum payment on larger debts. Once the smallest debt is paid off, one proceeds to the next larger debt, and so forth, proceeding to the largest ones last. [1]
Debt relief scams: Some criminals target those seeking help with credit card debt. Make sure that you know how to identify a debt relief scam, such as guarantees that you will qualify for debt ...
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