Archive for the ‘Debt’ Category

When faced with a tremendous amount of debt, some consumers will turn to bankruptcy as a last resort. Generally, there are two different types of bankruptcies that most filers will choose from; the choices vary widely and will usually come down to either debt repayment or debt discharge. However, there are also other types of […]

  If you’ve fallen behind on credit card payments and other debts, you’re likely familiar with phone calls from relentless debt collectors. Whether you’re beginning to question if you’re being harassed, or you simply want the phone calls to come to an end, the following tips can help you deal with debt collectors: Initiate contact […]

Does it seem that no matter what you do, you just can’t get rid of debt once and for all? There may be certain things you’re doing that could be keeping you in debt. Some of the following are common habits that frequently keep people in debt: Smoking Smoking is a habit that is not […]

Does it seem that no matter what you do, you just can’t get rid of debt once and for all? There may be certain things you’re doing that could be keeping you in debt. Some of the following are common habits that frequently keep people in debt: Shopping when you’re upset There’s a reason it’s […]

Whether it’s a mortgage or another large loan, paying off a substantial amount of borrowed money can be very liberating. Now that you’ve freed up a lot of extra cash from your monthly budget, you may be wondering what you can do with that money. If you need some ideas, consider the following: Pay off […]

Paying off your mortgage early and being done with those payments seems like a great plan—after all, who wouldn’t want to own their home free and clear? But before you decide to make such a huge decision, consider both the pros and cons of paying off your mortgage early: Advantages Save on interest One of […]

If you have unpaid debt and attempts by your lender to collect payment have failed, you could potentially have your wages garnished. When a person’s wages are garnished, a portion of their paycheck is automatically deducted and sent to creditors in order to fulfill the unpaid debt. Once the debt is paid off, the wages […]

You’ve thought about paying off your debt for a while, and now you’re finally ready to starting putting those plans into action. It can be difficult to decide where to begin, and how you should begin paying it off. The following tips can help you reduce debt faster and more efficiently, and can also help […]

It can feel like you’re stuck on an endless merry-go-round: you keep up with bills and make payments towards your loans and credit cards, but for some reason, the debt doesn’t budge. This could be because you’re spending a lot more than you think. If you are constantly using credit cards for your purchases, even […]

You may have heard of loans being described as good debt or bad debt. It can be a bit perplexing—after all, isn’t all debt bad? Not always. In fact, having certain types of debt can actually be good, as it benefits your credit score. Here are some of the differences between bad debt and good […]