Escape Debt And Swim For Gold With Ryan Lochte & Debt.com

Ryan Lochte is a six time Olympic Gold medalist and American champion swimmer. He was sponsored by Speedo soon after finishing college and has been under contract with them since. However, recent events occurring in Brazil after his last race have led to Speedo and several other companies pulling away their endorsements. The entire incident which involved Lochte peeing behind a gas station and tearing down and advertisement was blown out of proportion. To make matters worse the American swimmer decided to make up a fake robbery incident. This has led to many fans losing their respect for him and also criticizing his behavior in Rio. While some fans are questioning what they would have done in a similar situation, many fans are angry about the disgrace he brought upon himself by lying. Many fans believed that the whole incident was immature and unnecessary. However, Lochte is a human being everyone else and while he is a swimming champion, he is still prone to make mistakes like anyone else. Brazilian authorities say they found evidence contrary to the champion’s statement and other eye witnesses say that they returned back to the Olympic village, wallets and watches were seen on them. … Read more

4 Reasons Why People Can’t Get Out of Debt and How UDC May Be Able to Help

Having debt can limit your life so much, and feel like such an incredible burden. On top of all that, the more debt you have, the more debt you seem to accrue over time. Here are just a few reasons why so many Americans find themselves too deep in debt to ever get out. If any of the following applies to you, contact UDC for a consultation today, and work to stop debt in its tracks. Paying the Minimum on Credit Cards Credit cards can be a great tool for spending money while allowing your savings to accrue interest. However, if you rack up more charges than you can actually afford by the end of the month, it’s easy to fall into a spiral of paying off the minimum on your statement and letting the debt pile up. UDC’s debt settlement program is intended to get clients back on track and have them establish budgets as part of the program process. Saving Money is Impossible If the idea of setting money aside from each paycheck seems not only improbable, but impossible, you’re in good company. Many Americans are struggling from month to month and unable to contribute even a small … Read more

How Much Do You Need For Retirement?

How much will you need for retirement? Everyone would love to know the answer. Humans, after all, find comfort in certainty. This is why we read the latest investment news and calculate down to the last penny, it’s an attempt to crack the code. We shy away from ambiguity and are driven to do whatever it takes to find answers. Studies have concluded that our choices are influenced by our hunger for answers. The answers to well researched questions refer to generalizations and averages, but it is of the utmost importance that you consider your personal goals and needs when you formulate a financial plan. It may be worthwhile consulting an independent financial advisor to evaluate your situation and provide some tailored advice. How much should you save? It’s widely believed that an income of 75% of your salary allows you to retire comfortably. This accounts for any adjustments you need to make as you age (i.e. increases medical costs). Here are a few factors to consider when evaluating your potential needs. Housing Will your mortgage be paid off by the time you retire? If the answer is yes, then remove the home payments line from your budget. You will … Read more

Life Insurance: How Much Is Enough?

Life Insurance: How Much Is Enough? Thinking about your life insurance needs is probably not your favorite topic. At best, it may seem boring. It may even be depressing. However, thinking about and purchasing appropriate life insurance is really just the responsible thing to do. It is a way to take care of those you love most, even after you are gone. At the very least, life insurance guarantees that funeral costs and other costs associated with your passing will not be a burden. But more than just that, life insurance should make managing finances workable, at least for a time, for those you leave behind. Many people have a life insurance policy through their employers, as a part of their benefits package. But is it enough? What Kind of Life Insurance Do Employers Provide? Most employers provide what is known as term life insurance. Term life insurance is a basic type of policy. Term life policies do not accrue a cash value, so they are not investments. Should the insured die while the policy is in force, the person or people listed as beneficiaries on the policy will be paid death benefits. Term life insurance policies are not connected … Read more

Reverse Mortgage vs. Downsizing: Which is the Best Option to Stretch Your Pension?

For some people, retirement turns out to be a dream come true, but it can come as a nasty shock to those who are unprepared financially. Suddenly, that monthly salary that was more than enough to cover your living costs disappears, and it’s not easy to learn how to manage money when you need to survive on a less valuable pension. You can’t afford to take out a personal loan when you don’t make enough to pay it back, and family members don’t always have enough spare cash to help when times are tough. Fortunately, there are many ways you can get extra money without plunging yourself into further debt, and a few of them can help eliminate the debt you already have. With a bit of extra money in your bank and less monthly costs to worry about, you can embark on a world adventure or take up a new exciting hobby to keep your mind sharp. Keep reading below to find out some of the best ways to get cash that many people neglect to consider. Eliminate Debt and Obtain Extra Money The idea of getting rid of all your debt while having extra money for yourself sounds … Read more

Is Bitcoin An Investing Option?

Several years ago, we wrote about whether or not forex was an option as a means of investment. For those who may be unfamiliar with the idea, forex is essentially the trading of one national currency against another, meant to capitalize on the shifts in value between them. On a very basic level, it involves buying currency itself and hoping that that currency’s worth inflates. Forex remains as much of an option as it ever was for investors, but recent years have also brought a different sort of currency investment to light. Specifically, Bitcoin—the pioneering digital currency that some predicted would ultimately supplant ordinary money—has become a popular consideration for a lot of traders. There’s ongoing debate about Bitcoin’s status in that some view it as a currency, some as a commodity, and others even as a type of property. Nevertheless, the fact is that it’s an entirely digital concept that can be used to purchase goods and services, to exchange money with friends, or to be stashed away as an investment. How Does It Work? There is a way to obtain Bitcoins without actually spending money, but it’s not one that’s considered accessible to most people. There’s a complex … Read more

Positive Aspects of Using Credit Cards

When credit cards were first introduced they were not seen in anything other than a positive light. They were convenient of course and did away with the need to carry too much cash. These days all the advantages of convenience remain and those who ”trade” online could not really operate without one. However they are also a cause for concern because of the level of debt that many Americans have built up for themselves. It is not a card’s fault as such because companies have not forced users to spend to their limits but it has been so tempting and remains so. The average American debt on credit cards is over $6,000 but if the group who pay off their balances routinely at the end of the month are taken out, the debt leaps to over $,000. That is the real downside of cards and if users were to accept one word of advice it would be to get rid of this expensive debt by taking out a cheaper personal loan and pay balances off. Credit cards do have a particularly positive side if used properly. You will need to do your research to get the best deals but if … Read more