Getting Stuck in a Debt Trap
Are you stuck in a debt trap? Take a careful look at what you are spending your money on and make some positive changes.
Not All Debts Are BadThe best way to define a “bad” debt, is when you borrow/leverage money to purchase something that generates a loss (also known as a liability). A good example of this is a car, flat screen TV or a doodad, simply because they depreciates in value. The best way to define a “good” debt, is when you borrow/ leverage money to purchase something that generates profit (also known as an asset). A good example of this is an investment property.
How to Pay Off Credit Card Debt QuicklyThis article offers suggestions on how to pay down holiday debt and create a strategy to control spending. Debt reduction alternatives are discussed and reviewed.
The Cheaper, Better, Faster Way To Get Out of DebtWhat if everything you believed about financial freedom was wrong? What if I told you that you could get out of debt faster, save more money for retirement, and get ahead faster if you filed for bankruptcy? Don’t believe me? Keep reading…
How to Use Your Savings Account to Repay Personal LoansEarly repayment is important in lowering the cost of your personal loans. However, before using your savings account to pay, keep in mind that you should have at least a six-month emergency fund in place before paying off high-interest credit cards and other debt.
Interest on Debt Is Cancel-AbleYou many qualify to pay off all debt including mortgages, car loans, credit cards and student loans in 1/2 the time – without refinancing or increasing your income. Would you like to pay off a 30 year mortgage in 15 years or less?
Are You Committing Financial Infidelity?Shame plays a large part when it comes to financial infidelity. Sometimes finances simply spiral out of control, and it’s not uncommon to hide these debts and expenditures from a partner. In fact, it is estimated that around six-million Americans are guilty of financial infidelity in some way, shape or form, so if you have told a white lie about your spending or have over-spent on your credit card, trust me, you are far from alone.
Want to Be Debt Free? Here’s What You Should DoIf you are struggling to manage your finances and maintain a proper standard of living, it means that your financial handling skills are amateurish to say the least. But in this day and age, keeping your finances secured is very important. Having a cavalier attitude about it will not serve you or your family any good in the future. We all work to earn a living and have a certain standard of living that we all desire.
What Can Debt Collectors Touch and Take? Part III: Retirement FundsIf you’re living on your retirement funds, there’s a good chance that you are also living on a very fixed income. What can you do when a debt collector tells you that they will be tapping into that income in order to repay a debt? Here’s what you need to know about debt collection and your retirement dollars.
What Can Debt Collectors Really Touch and Take? Part II: Military ExemptionsMany things wait for military members at home including debts that were not paid prior to entering the military. As a military member, you do have some rights in regards to debts that you should know about. If collectors are calling you non-stop since you returned from duty, here’s what you can do about it.
What Can Debt Collectors Really Touch and Take? Part IIf you’ve ever been on the other end of a debt collection call, you may have heard all kinds of threats coming from the person trying to collect a debt. Can a creditor take money from your paycheck? How much and for how long? These are the questions that we will be answering in the first part of this article series.
The Credit Card Debt TrapCredit has never been easier to get. Making minimum repayments it would take you 91 years to repay a credit card debt. There are solutions that do not involve bankruptcy.