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What Is Debt Service?

If you are taking out a loan, you may have heard the term “debt service.” Businesses are required to prove you have the income to meet debt service requirements. Individuals will have a debt service...
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How to Live a Debt Free Living

Imagine living without bills and having a decent savings account. That’s what a debt free life is like! It can be done with some effort and discipline. Let’s take a look at what the experts...
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How to Avoid Bank Overdraft Fees

The definition of overdraft is “a deficit in a bank account caused by drawing more money than the account holds.” The common term is “bouncing a check” although you can do the same with a...
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How To Close A Bank Account

Closing a bank account is fairly simple, but there are several steps you need to do before you close the account. Skipping any of these might cost you fees or penalties or create problems with...
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How Long Will My Retirement Savings Last

Most Americans dream about retirement and most are afraid they will never be able to retire. Current cuts to Medicare, Social Security, and stock market fluctuations mean that there may be problems ahead. Few jobs...
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How Do Banks Make Money?

Banking is a lucrative profession – ever seen a rundown bank or one without the trappings of money? How exactly do banks make money? The short answer is you! Fees, penalties, ATM fees… you name...
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