debt Tag

Getting out of debt sounds easier if you make enough money to pay your bills each month and have plenty left over for paying down account balances and loans. But if you are stretched too thin already, getting out of debt can sound like an insurmountable task and you might be tempted to ignore warning signs of financial distress. It might not be easy, but even people who make less are able to...

When it comes to making a major purchase it is always a good idea to shop around. Whether you are looking at getting a new car, taking a vacation, or buying a house the amount of money you pay is probably a major part of your decision making process. This is where negotiation and shopping around helps save you money. Car dealers often compete for buyers’ dollars by offering financing...

A mortgage modification is a way for homeowners to lower their house payment, and free up disposable income each month. The way it works is that the current home loan lender rewrites the loan, lowering the interest rate and giving you a lower payment. But the process can be complicated, and many homeowners become frustrated along the way and allow their lender to delay or stop the process...

Getting into debt is pretty easy, and once you get out of debt it is important to stay out of debt if you want to have any form of financial freedom. But staying out of debt can also present significant obstacles, and most people fall in and out of varying degrees of debt throughout their lifetimes. Knowing what to look for and how to avoid pitfalls will help you remain debt free once you...

Becoming debt free is usually the first resolution made at the start of a new year, right after resolving to lose weight and exercise more. But even with a month or so of the New Year gone, the time is still right to make a plan to become debt free. Getting out of debt creates a positive cash flow and also gives families an emotional lift from the pressure burdensome debt places on their...

Bankruptcy is a very real answer to many debt problems, but it can be confusing. The process requires people to go to Court, which can be intimidating. Luckily most people are only required to appear in Court once, and the hearing is very informal. Still yet, the idea of having a Court looking at your financial picture is a tough pill to swallow for some, and the idea that a legal remedy is...

When you have more debt than you can handle there are a couple of options to help you become debt free. One of those options is to consolidate your debt, so you only have one payment to make each month. A debt consolidation company will work with your lenders to come up with a repayment plan that fits your monthly budget, and most times the repayment is for less than what you owe. Not all...

Most people are afraid to file bankruptcy because they do not understand the process. There are a lot of myths out there about what you can and cannot do during bankruptcy, and unless these myths are debunked it can be difficult to make a decision. One of the most common misconceptions about filing for bankruptcy has to do with your property. Many people are led to believe they can keep their...

The idea of filing bankruptcy can be off-putting to many people. For years there was a certain negative association with filing bankruptcy, but that stigma no longer exists in today’s society. Many celebrities have filed bankruptcy, and even the President has used this legal remedy for business purposes. Still yet, there are plenty of people who are hesitant to file a bankruptcy case and...

Having more debt than can possibly be paid is no way to start a new year, so now is the time to get the help you need to secure your financial future. But figuring out what to do with overwhelming debt, or identifying ways to cut back on expenses is no easy task. It takes a lot of research, and a lot of discipline to become debt free. And it takes even more discipline to stay debt free once...