Debt

Debt seems inevitable these days, but how you deal with it can make all the difference. We will discuss different types of debt, solutions and how to avoid getting stung in a debt trap.

CFPB to Supervise Debt Collection Agencies

By Ines Mato Receiving a phone call from a debt collector can create anxiety and humiliation for people with unpaid balances. In recent years, however, there have been reports of debt collection agencies relying on intimidation, threats, unethical and, in some cases, illegal practices to bully borrowers into paying up. In an effort to put […]

Three Steps to Reduce Credit Card Debt Before the Holidays

by April Lewis-Parks The winter holidays are a special time of the year, but for those on a tight budget this season can be stressful. Between back-to-school expenses and the high cost of the winter holidays, consumers have the two most expensive shopping seasons in the year. If you don’t control your spending, you can […]

Which Debt Should You Pay Off First?

by April Lewis-Parks If you have more debt than your budget can handle, you are not alone. Today Americans owe about $47,000 in overall debt, according to the DailyFinance.com. When you owe so much it’s extremely hard to pay off debt while covering your basic necessities, but it’s not impossible. The first step is to […]

NerdWallet.com features Consolidated Credit’s advice on dealing with debt collectors

Having someone call you and demand money you weren’t aware you owed is an intimidating situation. What’s worse is that if you are getting that call, your debt is no longer being handled by the company that you originally did business with—it has now been handed over to debt collectors, who can try every underhanded […]

Is It Time For Plastic Surgery?

By Ines Mato Many Americans are convinced that saving money is a waste of time. Why should they save if they can borrow money every time they need it? A big problem begins when an unexpected event doesn’t allow a person to make the minimum payments on their credit cards. It’s then when people realize […]

Tired of living paycheck to paycheck? Adopt creative ways to turn your finances around…

By April Lewis-Parks Being forced to rely on your next payday to roll around before you can pay your electric bill or student loan can be stressful. However, if you frequently live paycheck-to-paycheck, you’re not alone. A recent study conducted by CareerBuilder.com revealed that nearly 40 percent of Americans have to wait on each paycheck […]

Blowing Up Your Budget: Three Top Reasons Your Budget Is Faltering

By April Lewis-Parks Today, I decided to write about what I have been hearing from many of our readers… they set a budget, but it just keeps getting blown… You finally decided to take control of your finances to save more money and kick your debt to the curb. You’ve done everything right. You created […]

Is transferring a balance in your best interest?

By April Lewis-Parks When you’re fighting piles of credit card statements and it’s becoming increasingly difficult to make more than the minimum payment, a balance transfer may start looking like a pretty good idea. Interest-free payments thanks to a zero percent introductory rate? Yes, please. But before you call your lender, you should understand that […]

Don’t go into debt during vacation

By April Lewis-Parks The week before vacation you can already feel the summer breeze and you may even be packed and ready to go. But before you say “Sayonara!” to work for a few days, there is still one chore you have to take care of: creating your vacation budget. The words “vacation” and “budget” […]

Getting Rid of Student Loans – The Easy Way!

By Sijun Li Although there’s no magical “easy” button to press when dealing with student debt, there are some great loan forgiveness options available to struggling borrowers. Here’s one interesting way of paying off those student loans: Move to Niagara Falls! That’s right. Lawmakers in Niagara Falls, N.Y. have made a proposition to pay off […]

Combine finances to keep the peace
Are you prepared to combine finances with your partner?
The process to combine finances after marriage can be a smooth ride or the start of a rocky road to divorce if you're not careful and on the same page.
Have You Fallen Into These Three Common Spending Traps?

 by April Lewis-Parks You vowed to only buy one book, but before you know it, you are walking out the door with three. But it was buy two, get one free, right? Wrong. You have just fallen into a common spending trap that encourages you to spend more than you planned and break your carefully […]

Shop Smart to Avoid Debt

 by April Lewis-Parks Overspending can happen no matter what capacity you’re shopping in. Spending too much on groceries can be just as damaging to your finances as splurging on a pricey pair of boots. When it comes to shopping wisely, the rules are universal and it doesn’t matter what types of purchases you’re making. The […]

Can You Afford Your Taxes

Have you planned for your taxes? It’s all too common for people to spend and spend — running up a huge credit card bill right as tax season sets in. Unfortunately, this leaves many blind-sided when their tax refund never comes and instead they’re stuck owing money to good ole Uncle Sam. Even worse is […]

Frugal ways to get ready for summer
Is Your Purse Ready for Summer?
As you get ready for summer, keep these three key financial budget-drainers in mind so you can prepare your budget to have debt-free fun in the sun.