Posts Tagged ‘debt’

Most people experience stress from time-to-time, especially about money-related matters. Not knowing how or when you’ll be able to pay the rent can physically take its toll and result in a tremendous amount of health problems. In fact, the American Psychology Association has reported that those in debt are more at risk for serious health […]

If you’re in debt and have been dealing with collectors, it’s important to know the regulations enforced by the Fair Debt Collection Practices Act so that you’ll know if your rights are being violated. Stopping contact altogether Even if a debt collector is contacting you during reasonable times and isn’t using any offensive language or […]

It’s likely that you have collectors trying to get in touch with you if you’re behind on credit card and loan payments. While this is legal, it’s also required that they follow the limitations and regulations set in place by the Fair Debt Collection Practices Act. This is an act that is meant to protect […]

A credit card can be very useful for building credit and for financial success, yet at the same time, credit cards are often a major culprit for debt and bankruptcy. This article highlights some of the advantages and disadvantages that come with owning and using a credit card. Credit card advantages: 1. They can simplify […]

Here’s how you can avoid some common credit card problems: Balance transfers Transferring balances can be a great solution for tackling debt and eliminating high interest rates, but be sure to read the fine print. You may be receiving a great introductory rate, but be sure to find out how long the introductory period will […]

Credit cards often get a bad reputation, as it can be easy to get into debt with excessive use. Here are some ways you can avoid some of the most common types of credit card problems: Annual fees Are you tired of paying the annual fees that come with your credit cards? Usually, annual fees […]

There’s a specific formula that is put in place to determine every consumer’s credit score. This is how your credit rating is broken down: New credit: 10 percent New credit makes up 10 percent of your credit score, and this not only includes the amount of accounts you recently opened, but the pursuit of new […]

Moving in with your significant other can be an exciting time, but it is also important to discuss the financial aspects of this huge decision. Before you actually move in together, it is important to have the following money talks in order to ensure you’re both on the same page and to avoid any unwanted […]

A bankruptcy case usually starts when someone files a petition with the bankruptcy court. A bankruptcy may be filed by an individual, a married couple, or a business or other organization. The filer is also required to include a statement that lists their salary, assets, debts, and the names and addresses of all lenders and […]

Monthly car payments can be overwhelming, and for many who are unable to make these payments, automobile repossession is the result. But before you risk losing your car, explore the options you have for lowering your monthly car payments. Refinance your car loan One of the most common ways to lower your monthly car payments […]