Managing Credit and Debt Archive

What is Good Debt

All debt is not created equal. In the most simplest of breakdowns, there are essentially two forms of debt – good debt and bad debt. Most all individuals carry some form of debt during their …

Loans to Avoid Downside to Borrowing

There are times in everyone’s life when you need money for various reasons, such as to buy a car or a home, to take a holiday, to pay off outstanding debts or to make improvements …

Is Credit Leading to the Downfall of Society

Used sensibly credit can be beneficial. When used irresponsibly it can certainly lead to the downfall of individuals, and eventually society if enough members proceed to use credit unwisely. The current downturn in the economic …

How to have a Debt Free Holiday

A debt-free holiday is like a gift to yourself. There are many different steps that you can take to accomplish such a feat. Make a budget A lot of people go into debt unknowingly. They …

Tips for Debt Management

I think the first thing to do is to be honest with yourself. How much in debt are you, how much money do you have and how much can you spend? And this means being …

Regulatory Limitations Faced by Collection Agencies

Debt collection agencies aren’t exactly thrilled to reveal what they’re not allowed to do under The Fair Debt Collection Practices Act. Instead debt collection agencies may be more likely to avoid mentioning, explaining, or acknowledging …

How to Avoid Credit Card Debt

So, you finally dug out of that bottomless pit of credit card debt through hard work, personal sacrifice, and perseverance. Now that it’s over, how can you avoid doing the exact same thing all over …

Personal Debt Reduction Strategies

The widespread use of credit cards and different kinds of loan made many people today to be burrowed in many piles of debts. The ease of using credit cards instead of hard earned cash became …

How to Maximize Credit Card Rewards

Credit cards at one time – not so long ago – represented fairly simple and straightforward financial tools. One simply used one’s credit card to purchase goods, received a statement each month and either paid …

Credit Debit Card Places use it not

Using debit cards is often very simple and convenient. They can be used where ever there is a machine set up to process your card. Simply produce your card, enter your security PIN number and …

Things to look for in a Credit Card

Numbers always sway people and the interest rate on a card is usually the first thing they would want to check. There are three main types of interest to look for. The initial interest rate …

How to get out of Debt

Get out of debt – Getting out of debt is not an easy task and requires a lot of work and a change in your lifestyle. It can take several years to pay off debts …

Get out of Debt

There are five steps that need to be taken before you can become debt free. First get organized, assess your situation, search for ways to cut costs, implement your plan, and stick to it. Anyone …

Finding a Lender when you have Bad Credit

Finding a lender when you have ‘bad credit’ in today’s financial climate, can be nigh on impossible. This is a situation that many people find themselves in. However, if one looks carefully, such loans exist. …

What to look for when Comparing Credit Cards

For the confidently savvy consumer, knowing what to look for when comparing credit cards can seem like a confusing endeavor. After all, aren’t all credit cards basically the same? The basics are understood by many: …