For many of us, eliminating all forms of debt sounds like a very good idea. Imagine a life with no worries of paying monthly payments or interest rates. Well, reality is we do live in a world where you have to pay monthly for things and there is a chance you can get in debt. However, you can either be in good debt or bad debt.

Good debt? Yes. Believe …

This article is part of our Finance Hub.

Chances are, if you’re thinking about getting a payday loan, you need money as quickly as possible. Every second spent waiting for a loan to be accepted and processed is a second closer to an overdraft fee, a bounced check, late rent payment, cancelled utility service—the list goes on!

Time is often essential when it comes to your personal finances, …

As the number of student loan debts surges with each passing day, more and more people are beginning to question whether or not taking out a loan just to attend college is worth it. In addition, the economy is changing; more young people are now seeking employment within the gig economy as freelancers and independent contractors.

Others, however, are still deciding to take out student loans for the sake of …

It goes without saying that financial lenders expect to get their money back. The borrower (i.e. the individual in debt), however, may not always be able to pay back funds that were loaned to them. After a certain amount of time passes, financial lenders may decide to contact a debt collection agency, also referred to as debt collectors.

An Overview

Debt collectors are simply members of companies who are tasked …

Nobody likes to hear the word 'debt', which is quite understandable. When you're in debt, you have to constantly live on a budget if you're looking to repay the debt quickly. For some, they get to repay their debt, while others carry it on for decades. Clearly, with the way debt weighs people down, no one wants to live with such hanging over their heads.

Consequently, debt is generally considered …

One of the greatest hurdles in building a business is capital, or lack thereof. Pure lack of capital and financial resources, subsequently pushes aspiring entrepreneurs to believe that borrowing money is their only option. Of course this is pretty accurate but there are other ways. The pitfalls of going into debt are well-documented, but thankfully, other alternatives do exist. Getting a payday loan online is one, but there are other …