Money Minute: Wednesday 15 January

Aggressive promoting may often get in the way of paying off credit card debt. This article can seem a bit negative; however you will find it rather obvious that you have good even in the phrase “NO!” One of many issues that persons face every time they end up in debt are extreme selling techniques.

It has never been more important to handle your debts in a responsible manner than in today’s economy. Having a responsible debt management plan in play is going to make life in the present and in the future a lot easier on you and your family.

For people who are not good at managing their finance, managing multiple credit cards with balances can be a nightmare for them. Let’s explore how debt consolidation can ease the debt management.

I know it’s an old cliche, but do you feel like your drowning in debt and there’s no rescue in sight? Well, you’re not alone. In fact, having credit card debt is more common today than being debt free. It is possible to get out of credit card debt, and to stay out of debt. Here are a few tips that you can use as a life line.

Are you being taken to the cleaners by your credit card company. Here is a guide to just see how much money these companys are making off you.

These services provide the help needed for many consumers but the government is concerned that for the price some are receiving too little for their money. To that end, debt protection products are being scrutinized by the Government Accountability Office (GOA), in the same way that the credit card industry was studied by the Federal Reserve…

Has a Visa or MasterCard company or bank performed a Veda Advantage credit score assessment on you of late? If you have contacted any banks, credit card providers, telephone companies, energy companies, furniture rental or lease companies and pretty much anyone who you might have asked to provide you with a credit type service, it will be extremely possible that they will have done a Veda Advantage credit assessment on you.

The other day I was talking to a friend who has just got a job in Adelaide. He has started working in a call centre in the middle of the CBD. Knowing that I was good at budgeting he asked me to work out the difference in cost between driving his car and catching the train.

Everyone is well aware of the dangers of getting behind the wheel after a night of drinking at the bar. However, there is something lurking in your pocket that could be potentially more dangerous than your car keys: your credit card.

Sudden debt can crash unexpectedly into the lives of almost any of us at any time. We can be going along through life quite happily and then bang! Without warning we find ourselves in debt and it’s well… so sudden! Debt is also something that many of us have been told since childhood is a bad thing. And that just adds to our woes.

Why should we try and get out of debt, aren’t all governments, businesses and householders in debt anyway? We are just doing what everybody else is doing?

First off what the heck is a short sale you ask? Well, this is when a homeowner finds that they owe more on their home than what they can sell it for on the open market. This is an alternative to letting the bank foreclose on their home when they can no longer keep up the payments. This type of sale is going to hit your FICO score and it may make it hard for you to buy another home for up to a couple of years after the short sale. If you are in this situation here are some things that you can do to manage your debts once you have gone through the short sale of your home.