Because it's Your Money
As you will well be aware, when you become bankrupt you end up with serious credit problems. Some people think that being bankrupt is the end when it comes to credit ratings but it doesn’t have to be this way. There are a number of different tips and tricks that people who are bankrupt can [...]
When dealing with credit card debt you really need to take a deep breath and look at your situation with a fresh perspective. It can seem as overwhelming as climbing Mount Everest but it really needn’t be that painful. There are a number of things you can do to solve your problems. The most obvious [...]
Inflation is what makes your money of today worth less tomorrow. Borrowers find borrowing money more attractive but it’s less attractive for lenders. This is why lenders raise their interest rates because they know that the dollars people pay next month are worth less than the money they loan today.
Each and every one of has is in a different financial situation so there is no definable “correct” amount of debt. Luckily there are a few guidelines for those who may be unsure. Some people are better at financial planning than others.
Lenders are Taking a Risk – Lending companies will lend you as much as [...]
For many people looking for a loan, obtaining a home equity loan is the option to go for. However there are few things you should be aware of before committing yourself to any decision.
Before explaining the pros and cons, let’s look at what a home equity loan actually is. Basically it is a way to [...]
So you’re looking to reduce you total/monthly re-payments? The initial thought is to pay down the debts. This is not easy and some find the situation hopeless. One method that can be used in the “snowball method”, a term coined by Dave Ramsey.
On the whole this technique is pretty simple. List [...]
It may seem that credit cards can be both saviour and destroyer but ultimately you should view them purely as a tool. Of course, how you choose to use them is up to you.
Handy Tool – If used properly they can come in very handy, they can be used for online shopping where you [...]
Everyone has different attitudes toward debt. Some people accept it and think it’s normal whilst other people find it embarrassing. Whatever type you are you should always seek professional advice. For some people this is a debt counsellor.
Debt counsellors receive special training to help those in a difficult financial situation. They [...]
Are you one of those people who have found that they have more debt than you can afford to pay each moth? Many people in this situation find themselves in a downward spiral. Often people are late in paying and so get hit with high late payment charges which only adds to the [...]
To say debt collectors knocking at your door, phoning you day and night or sending you threatening letters can be intimidating and stressful is the understatement of the century. Luckily there are forms of protection and techniques you can use to deal with them.
The Fair Debt Collection Practices says that debt collectors can’t phone [...]