This section primarily focuses on debt management and getting out of debt.
Additionally, check out related articles in these sections: borrowing and lending, credit cards, and your credit.
The recent recession hit many people hard. But it’s not only recession related issues, such as job loss, that can cause financial problems. A big medical emergency or accident can deplete your finances — even when you have health insurance. Divorce can also result in financial devastation. And, of course, sometimes we make huge money … Read more
Owing a debt that you are behind on can be a humiliating and frustrating experience. When your unpaid bill is well beyond being past due, it is written off and sold to a debt collection agency. The collection agency buys your debt for pennies on the dollar and any money they get you to pay … Read more
Things can be complicated in a marriage, and this includes finances in some cases. When debt enters the picture, there are often many questions that come with it. In today’s world, it is likely that at least one spouse will come to a marriage with some form of debt, from credit cards to cars to … Read more
In the previous article, I discussed how to overcome a personal debt crisis. In this article, I want to discuss how to avoid it in the first place (or prevent it from reoccurring). The best way to overcome a personal debt crisis is to never have one. With some forethought, discipline, and planning you can … Read more
You’ve hit a brick wall. You have run out of money and have no available credit. Everything is maxed out. You have no easy way to increase your income, and there are still bills due this month. The cable has been disconnected, and the power is next. You’re out of money and you’ve got bills … Read more