It looks like literature icon Reader's Digest is filing for bankruptcy. Publisher, Reader's Digest Association Inc, the publisher of the small magazine, is set to file Chapter 11 bankruptcy as part of an agreement reached with the majority of its secured lenders to cut down the debt by 75%. … [Read more...]
The Wide Open Frontier of Secured Loans
July 3, 2009 By Leave a Comment
It's said often that youth is wasted on the young; so are loans. It's all too easy to come by loans when you're young and inexperienced, and more often than not, all too easy to do the wrong things with those loans, putting yourself in a world of debt repayment cycles that may last a lifetime. … [Read more...]
How Is Debt Organized
July 22, 2008 By 1 Comment
Debt is categorized as three main types by the creditors, lenders, and consumers in the United States. These three types of debt are identified as unsecured debt, secured debt, and installment or revolving debt. There are other debt categories which may be listed under these three main types; this … [Read more...]