The recent failure of several major financial institutions, widespread credit squeeze, and big drop in stock prices have led to what is considered by many as the worst financial situation in the United States since the Great Depression in the 1930s. This crisis has had or will have major impacts on most sectors of the [...]
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Most Americans have been affected by the present difficult economy and are struggling to make ends meet. If you are among the many families coming up short every month, you may be tempted to borrow more to get those things you feel you must have. As difficult as it may get, don’t fall into this trap, [...]
Continue reading about Don’t Try To Borrow Your Way Out Of Debt
Debt Settlement, or debt negotiation, is the act of contacting your creditors and negotiating a lump sum payoff of your debt. If you are behind on paying your debts, sometimes you will even get a letter from the creditor directly offering a settlement amount of around 50% of your balance if you pay them in [...]
As if the economic situation in the country wasn’t bad enough. Families hoping to send their children to college face skyrocketing tuitions. Most high school seniors and their families have not made final college plans for next fall. But they know this: It’s probably going to cost more than they had planned. Even in good economic times, states [...]
Christmas is getting closer and people start getting prepared. But Christmas is expensive; studies show that during Christmas season people’s spending increases by more than 120% and more and more people are resorting to Christmas loans to finance the holiday’s purchases. But what is so special about this type of loan? And most importantly: What are [...]
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Taxes are becoming an ever-increasing burden to Americans. Through the Tax Reform Act of 1986, Congress reduced or eliminated many of the ways that taxpayers can lower their taxes. Interest deduction is one of the areas that has been strongly affected by this tax reform legislation. Since tax year 1991, interest on consumer debt has [...]
More and more consumers are dealing with high levels of credit card debt. With prices rising faster than wages and more and more people feeling strapped and living from paycheck to paycheck, it is not hard to see how credit card debt can get out of control. Paying of high interest credit card debt should [...]
Bankruptcies are at an alarming level in the United States. Bankruptcy doesn’t happen just to financial deadbeats. It could happen to your family member, your neighbor, your friend. It could even happen to you. Here are eight warning signs that you’re headed for possible bankruptcy, and eight tips for avoiding it and changing course before [...]
You surely have heard about home equity loans (those loans that use the remaining value of your property to secure additional funds). But, do you know how to assess your home equity? This is an important issue as it will let you know whether you can count on your available equity for expenses, investments or [...]
Whenever you are thinking about renovating a property, the question as to whether you will be able to afford home improvements or not always rises. Then, the idea of financing the home renovation comes along right away but not everyone is familiar with the different sources of funds available for financing such projects. Following is [...]
