U.S. Rise in Debt In 2019, we experienced a high volume of consumers with high amounts of Credit Card Debt (over $10,000). We also experienced something similar to to 2008 financial crisis in terms of the amount of debt that has been piling up. 2020 is now continuing this pattern, with the shutdowns across the…
Filing for unemployment can be scary. As many of us know, a lot of companies that cannot afford to keep their employees on payroll since corona virus got classified as a pandemic. The world went into hiding, and as a result, many businesses started to suffer and are hemorrhaging money. There have been many things…
What is Paycheck Protection Program? We have been asked to share what the paycheck protection program, and how it can help small businesses? The program was designed during COVID-19 to help small businesses prevent layoffs or furloughs of their staff. It seems to be a hybrid of a loan and a grant. The program allows…
COVID-19 financial news has been tough on everyone; both emotionally and physically with their day-to-day lives. With working remote due to the stay-at-home orders, it has bit come increasingly difficult for most people to get what they need when they need it. When the crisis first was announced with the lockdown there was a huge…
What is the Credit Market? Credit market refers to the market through which companies and governments issue debt to investors. These include investment-grade bonds, junk bonds, and short-term commercial paper. Sometimes called the debt market, it also includes debt offerings, such as notes, and securitized obligations, including collateralized debt obligations (CDOs), mortgage-backed securities, and credit…
Payday loans in Alabama are not at the present moment under the regulation of the Small Loan Act. Such conditions were very favorable for many old companies to expand and grow, as well as for newer companies to get started. At the present moment, payday lending is absolutely legal in Alabama. New regulations with regards…
