What is Debt Consolidation? | Roundleaf

What is Debt Consolidation? Like it does for so many Americans, personal debt can weigh heavily on our minds. We often think or feel like there is no way out. However, there are options available to relieve debt accumulation.  Debt consolidation may be the answer to your current situation. Provided in this article is information on what debt consolidation is…

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The Math Behind the Minimum: Calculating the true cost of credit card minimum payments

Most credit card companies keep their exact algorithms for determining minimum payments under wraps. However, there are whole threads of research by mathematicians and statisticians who try to break down the math behind the minimums, using something called the Bond Evaluation Formula. Quite simply, it is: ?=?(1+?)+?(1+?)2+…+?(1+?)?=?∑?=1?(1+?)−? Got it? If that’s just slightly ahead of your high-school level calculus, we…

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5 Shocking Statistics About Debt.

When we talk about the economy and our finances, most of us check in on a number of key statistics, including unemployment rates, the Dow Jones stock market average, and even mortgage interest rates. However, the numbers we should be paying attention to on a macro scale paint a far gloomier picture of the U.S. economy and our finances. Debt.…

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Is homeownership still the American Dream?

When our parents and grandparents were growing up, this formula for a secure, comfortable, and happy life was simple: go to school, get a good job, get married, buy a house, pay off your mortgage (and raise your kids), and retire comfortably. In fact, since the end World War II, when millions of GIs came home and populated the newly…

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