Plan Your Way Out of Debt
Trying to get out of debt without a well thought out plan is like trying to find your way through a city that you’ve never been in before without a map. There are certain steps that everyone must take if they want to get out of debt and stay out of debt. First it’s important [...]
The Debts That Live Forever
Some debts can be erased by bankruptcy, or by negotiating a settlement if you truly are unable to pay the debts off. Other debts do not go away no matter what. If you owe money on state or federal taxes those can not be eliminated by bankruptcy and you have very little negotiating power. You [...]
Why The Recession Helps You Budget
A couple of years ago, if you didn’t own a McMansion, a few investment properties, and a bunch of expensive toys financed by home equity loans, you were considered foolish. Everyone was keeping up with the Joneses – using borrowed money. Keeping up with the Joneses is expensive, but nobody thought of saving for the [...]
New Credit Laws Come With Good News And Bad News
New regulations in the USA on the credit card industry come with some relief for customers, but they do not solve all problems, by a long shot. Under the new laws, they will not be able to raise interest rates on existing balances except under certain conditions; they will have to give 45 days advance [...]
Are Credit Counseling Agencies Helpful or Harmful
These days credit counseling agencies are popping up everywhere offering relief to those who are deeply in debt – or are they? The answer is, unfortunately – it depends. There is a myth that visiting a credit counseling agency is automatically terrible for your credit and will send your credit score plummeting. According to FICO, [...]
