Debt

Five Financial New Year’s Resolutions to Think About Today

  Here are 5 suggestions that you may want to consider implementing in 2011. Now is the time to get control of your finances, and take that first step down the path to financial fitness. Why not start this next year off on the right financial foot? 1. Spend less than you make. Just like […]

Hey Big Spenders, Holiday Bills Will Fill the Mailbox Very Soon

  The combination of rising credit card minimum payments and reduced credit limits coupled with record levels of unemployment are challenges for many Americans as we enter 2011 and even with all this, holiday spending was up 3.3% over last year. Christmas 2010 could go down as the holiday season that Americans spent, spent, spent, […]

5 Ways to Beat the Holiday Financial Heat

  Your bank account is nearly empty, you have bills to pay, and it’s the holiday season. Your head is thumping from the stress and you still have gifts to buy and a holiday party to plan for in just a couple weeks. Americans all over the country are facing the same dismal financial reality. […]

Shopping Pitfalls to Avoid & Tips to Make the Holidays a Breeze

The start of November whispers “the holiday’s are almost upon us…” while retailers scream “Start Shopping!”  For many stores the holiday season has already begun.  I went into a large chain retailer two weeks before Halloween and they were already decked out for Christmas. Trees were blazing with colored lights, plastic carolers were moving and […]

Teach the Next Generation How To Stay in the Black

Give a Lasting Holiday Gift Break the Holiday Overspending Cycle I know Halloween is just  behind us, but thousands of Americans overspend during the holiday season adding to existing debt loads, so I wanted to chime in early about how to avoid the unfortunate consequences of spending beyond your means. I want to encourage you […]

Your Parents and Preventing Bankruptcy

About seven years ago my father passed away and left my mother with the responsibility of managing her finances for the first time, at the age of 60. She had never balanced a checkbook, paid the monthly bills or had to worry about her investment portfolio. My father handled everything because that’s what men did […]

What Part of Your Finances Should You Automate?

From cable bills, to utility, to mortgage and school loans – you can automate it all and let other people do your bill paying for you. But is that really the wise thing to do? Should you allow your billers access to your accounts, the privilege of taking your hard earned money and directing it […]

6 Tips For Managing Your Student Loan Debt

I have been fortunate to stay away from credit cards and have no credit card debt.   I stayed away from credit cards beacuse my mother always  told me to not get a credit card unless I have an income to pay it back.  Now, student loan debt, that’s a different subject.  Most young people have some form […]

Want a good score? Well it is no surprise that paying down credit card debt is key.

A new report shows over the past two years, the amount of Americans with FICO scores at 600 or below, has risen. About 25% of the U.S. adult population has a low credit score and will have to pay high interest rates on any credit that they need; auto loans, mortgages, business loans, and credit […]

Don’t be Afraid to Negotiate with Your Creditor

Millions of Americans are becoming anxious because they now realize how important it is to reduce their credit card debt. Minimum monthly credit card payments total in the hundreds and consumers just don’t earn enough money to meet those financial requirements. Some people panic and stop making payments because they’re not sure of what else […]

More People Falling into Business Credit Card Debt Traps

This week, Senator Charles Schumer made headlines again after he asked the Federal Reserve to provide more protection for consumers against business card issuers. The Credit Card Accountability, Responsibility and Disclosure Act that went into full effect on August 22 does not affect business card companies. The Associated Press reports that Schumer wrote a letter with the […]

6 Tips for Dealing with Debt Collectors

When you have a lot of debt, you can find yourself at breaking point when debt collectors are practically knocking at your door, calling your phone non-stop, and demanding that your pay their bills. However, there’s a right way and wrong way to handle a debt collector. We’re going to dive deep into common mistakes […]

Create an Action Plan Before Unemployment Benefits Dry Up

By the end of 2011 many people will be losing their unemployment benefits. If you’re one of the many jobless, then now is the time to start making plans before all avenues of income dry up. First, if you haven’t already, you need to start pulling back on unnecessary expenses. Don’t use your credit cards […]

Women and Their Financial Identity

Women need to empower themselves with financial information. They need their own financial identity. Women, more than men, need to make their money go a long way. The median income of women over 65 is a mere $6,300. Roughly 80 percent have no pension eligibility and with a longer life span there is a greater […]

Young Women May Be More Likely to Get into Debt Because of Work Expenses

Women trying to build their careers are more likely than their male counterparts to incur debt, according to a new analysis by ConsolidatedCredit.org the nation’s foremost national non-profit debt counseling organization. Looking at the financial records of more than 40,000 Consolidated Credit customers nationwide revealed a pattern: that single women 18-25 seek help in greater […]