The COVID-19 pandemic triggered an unprecedented crisis that sent the global economy reeling. No one is sure how this will turn out, but already experts forecast that global GDP might shrink by up to 13%. Small businesses are affected the most by this economic crisis and they are already drowning in debt. With the coronavirus […]
Debt Tips
4 Most Common Myths and Misconceptions About Small Business Loans and the Truth Behind them
Most businesses need some form of financing at some point in time, and yet so many business owners have little to no idea of how it actually works. Some end up with raw deals that put their business into more difficulties. Then you have those who simply assume that they have no chance of getting […]
Foundation Capital: Rental Investing That Pays
Your seasoned stock investor would tell you that one stock exchange is another stock exchange, an American asset is a European asset is an asset from Japan, and a Chinese tradesman or an asset manager from Tokyo resemble those American agents that populate the floor of the NASDAQ or the NYSE, just a little more […]
Your Way out of a Financial Crisis: 6 Ways a Short Term Loan Can Save the Day
Many of us hit a financial roadblock at some point in our lives and it can be very stressful to face a financial crisis and just as hard to keep a clear head and focus on finding a positive way out of the situation. It is never a good idea to hit the panic button […]
Using a Budget to Get Out of Debt
If you’ve started out your adult life in debt, it can frustrate you and make you apprehensive regarding the future. However, you can create a budget so that you’ll be able to pay your bills off, get out of debt, and start saving for your future. Some people might equate the word budget with austerity […]
How To Avoid Debt Like a Pro
According to the Money Advice Service, over 8 million people across the UK are living with debts. Whether you’re struggling to pay your monthly bills, have credit card debt or simply rely on an overdraft, debt can be difficult to manage. Whilst there are places you can turn to such as Citizens Advice, your local […]
Staying in Control of Your Debt
Getting into debt is quite an easy thing to do but getting out of debt is a little more complex. However, staying in control of your debt is easier than you think, and the longer you monitor it, the sooner you will see the debt disappear. If you find yourself in money trouble, it is […]
Do you have a Money Problem?
A quick test, to see if you have a money problem, is to ask yourself how much you owe. If you don’t know how much money you owe your creditors, off the top of your head, then you are on your way to serious financial issues. Whether you have a money problem, or just seriously […]
What is a Charge-Off & How Can I Get it Removed?
We talk a lot about credit here at Debt Steps, and there’s a reason for that: it’s one of the most important aspects of your financial stability. Without good credit, you’re going to to get stuck with high-interest rates and many of the major financial milestones in your life will be out of reach. One […]
Household Budget Software
Household budget software decreases the amount of time you spend rewriting, calculating, and adjusting your monthly worksheets. Good personal finance software will also help you control your spending because it gives you up to the minute views of where your money is going, and what you have left for the month. Taking the time to […]