Are consolidation loans the financial savior that some folks espouse, or are they a dangerous tool that simply puts you on a financial death spiral ? Debt consolidation loan should be a tool of last recourse.
Should you consolidate your student loan debt with your mortgage? Consolidation is a risky measure, adding student loans? #NotGood
We don’t seem to dread debt any more, due to lower interest rates, or simply a change in how we view debt, but is this a good thing?
Discover the state of Canadian consumer debt in 2013, investigate its year-over-year changes, and determine whether its increase signals an optimistic outlook for the economy. Keyphrase: consumer debt
BIg Cajun Man discusses the efficacy of investing extra money in paying off debt, making an argument that doing so yields a higher return compared to other forms of investments, like the stock market. It emphasizes the importance of prioritizing debt payment over saving or investing surplus money and arduously critiques the common counterarguments, such as the need to save early, maintaining an emergency fund, or that the stock market can yield higher returns. In conclusion, it surfaces the fact that investment professionals may not promote debt payment as it yields no profit for them.
