As you start to earn more money, it is only natural to spend more. You may move into a bigger apartment, go out for dinner more often, or allow yourself to shop at fancier stores. This is referred to as lifestyle inflation.

What Is Lifestyle Inflation?

Lifestyle inflation is the natural response to increase your expenses as your income increases. We work hard to enjoy more, so lifestyle inflation …

Credit card cash advances are amounts of money which people are permitted to "borrow money" from their credit card companies. These advances are generally processed via ATM withdrawals or deposited checks. Unlike other types of loans, credit card cash advances almost always come along with hefty interest rates, usually notably higher than the interest rate of the associated credit card.

Furthermore, the interest tied to credit card cash …

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 …

This article is part of our Finance Hub.

In the best of worlds, nobody would incur any debts. Unfortunately, there are countless people who are up to their eyeballs in debt. Ideally, incurred debt is something which should be paid off as quickly as possible; yet, many individuals find themselves struggling to pay back the money they owe. The subsequent interest which often accompanies unpaid debt doesn't make matters …

Whether it’s for buying a house, purchasing a car, or trying to pay off your monthly bills, people take out loans for a multitude of reasons.

It may seem absolutely fantastic when a check gets handed to you, but the reality is that nearly all loans come with interest rates. Keep in mind that banks, online lenders, and other financial institutions are more than eager to give out loans …