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 How to Deal with Debt Collectors and Stop Harassing Calls
As you have probably heard, the fastest growing crime in the U.S. is identity theft. One of the ways that this is carried out is when someone uses your personal information, including your Social Security number, to open a credit account in your name. This can affect your ability to open your own credit account, … Read more Get a Credit Freeze to Avoid Identity Theft
The recession has prompted many to decide that debt is not the way to live life. Some are deciding that it might be wise to adopt a lifestyle where borrowing isn’t necessary. Those who are already in debt might choose to pay off their debt as quickly as possible and not borrow again. Those without … Read more How to Live Without Borrowing Money
Nobody wants to go into debt but sometimes you may need to find some short term financing to help you get through temporary hiccups in your financial life. When situations like this arise it is important to know the places that you can turn to for financial help. Payday lenders and pawn shops are the … Read more The Best Places to Borrow Money
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 Are You Responsible for Your Spouse’s Debt?
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 How to Avoid a Personal Debt Crisis
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 How to Overcome a Personal Debt Crisis
More than half of all card transactions are now being paid with debit cards rather than credit cards, according to the Nilson Report. The debate between debit cards and credit cards continues on. Many people made the switch to debit cards in an effort to avoid racking up too much debt and to help manage … Read more The Debate Between Debit Cards and Credit Cards
We hear a lot about how important it is to have a good credit rating. Indeed, we are often told that having good credit is important, but we aren’t told why. For those who prefer to use the money they already have, and do not want to be involved with credit, a good credit rating … Read more Why a Good Credit Rating is Important Even if You Don’t Use Credit
Borrowing money from your friends and family can be a tricky business. The risk of ruining your relationship with the people who loan you money is probably one of the biggest concerns. Even if you have one of the best small business ideas on the planet, you need to think about how you ask folks … Read more How to Ask Your Friends and Family for a Business Loan