Debt relief programs are intended to assist people struggling with paying off debts. In its most basic form, they are a method in which creditors consent to accept less than what a person owes as full payment.

To monitor your credit score and identify any potential issues, it’s important to regularly review your credit reports. Financial institutions rely on this comprehensive record to assess a person’s creditworthiness, making it a financial resume.

Fixed income investment is part of the portfolio of every investor, whether a beginner or a senior. These are lower-risk deposit options and offer a steady income in the form of fixed interests or dividends.

High-yield bonds, also called non-investment grade bonds or junk bonds, are debt securities that corporate companies issue. Though certain risks are involved, they offer a higher yield than investment-grade bonds.

Life insurance is a legal agreement between an insurance company and the insured person. The insured individual agrees to pay single or multiple premiums, for which the provider pays a lump sum on their demise to one or more beneficiaries.

Many individuals and families have several types of loans, such as credit cards, mortgages, auto, and student loans. If you don’t closely monitor your monthly payments and balances, you may miss a payment and incur penalties and additional interest.

Homeowners can consider mortgage refinance if they want to reduce their current mortgage rate or if they want to reduce its term. It can also be done if they want to change from an adjustable-rate mortgage to a fixed rate.

Long before the advent of the stock market, gold was used as a payment and an investment. Physical gold can be an excellent choice for people seeking a low-risk investment, as its value predictably increases with time.