debt Tag

Being unable to pay all of your bills is scary. If this is your situation you are probably all too familiar with collection tactics such as calls at all hours of the day, letters demanding payment in full, and threats of collection lawsuits. Once you begin experiencing any of these things, it can be hard to concentrate and come up with a plan to get out of debt because your time is consumed...

If you are having a hard time paying the bills and are behind on certain things, chances are your credit score has taken a hit. Your credit score is what lenders rely upon when making loans, and a higher score usually results in being offered more favorable lending terms. The most important of these terms is typically the interest rate, and people with credit that is considered good usually...

If you are in financial trouble you need to know there are things you can do to ease the burden. You can refinance your home, take out the equity in your house to pay off high rate credit cards, consolidate debt to a lower overall monthly payment, or file for bankruptcy. The option you pick needs to give you immediate and long term relief, so you can not only get out of debt but stay out of...

There’s nothing we like more than a good list, or categorization of certain things. It makes it easier to keep track of things when they are grouped with similar things, and having a list is always handy. And if you have a paper or research project to do, you are likely to find articles and other bits of information on the topics you are researching together in one spot. Statisticians live by...

Houses and cars are the two biggest purchases most of us make during our lifetimes. A lot of research goes into making either of these purchases, and both can be life changing. When you buy a new home you are making the decision to plant roots, and maybe raise a family in one spot. When you look at new cars, you have to decide which one will be just right for you as far as size and safety....

When it comes to issues of safety, the top of the list usually starts out with car and home safety. For instance, when new parents take a newborn home from the hospital they do so by buckling the infant safely in a car seat. Another good example of how we all like to keep safe is seen by looking at how many of us have home security systems. Many private residences have an in home monitoring...

When consumers have more debt than they can repay, bankruptcy is a good way to eliminate that debt and get back on track. There are two types of bankruptcy available to a consumer, a Chapter 7 or a Chapter 13. A Chapter 7 is a liquidation of debt, where all of the unsecured debts are wiped out, giving the debtor the chance to pay for the secured debts they choose to repay (like house and car...

Your credit report sums up your creditworthiness, and is relied upon by lenders when you apply for new loans. If your credit report shows you pay late, have been foreclosed on, or had a car repossessed you are less likely to get a loan with a lower rate. But bad marks on your credit, even a bankruptcy, do not mean that you can never buy a house or get a loan. And while there are some things...

Managing debt is no fun, but is a necessary part of life if you want to have financial success. The key to successful debt management is to come up with a plan that works for you, and stick to that plan. Once you have identified your financial needs, you are better prepared to come up with a debt management plan that makes sense. Regardless of whether you have a little debt, or are struggling...

We all know having a savings account can help you stay out of debt when an emergency or unexpected expense arises. But knowing that having a savings account is important does not always equate to being able to fund a savings account. For most people, money is tight, and people are having a hard time just paying the bills these days, let alone having any extra money left to set aside at the...