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 When is ignoring debt a good idea? Never. What about blaming others for a debt? Never. A buddy of mine called me today under the guise that he had a legal question. So being the good friend that I am, I said shoot. Turns out he went to a lender for promises of a personal loan which would consolidate his Continue reading Don’t Blame Others for Your Debt Get up and Do Something About It!  The Wife and I have had similar views on credit cards for as long as I can remember – they are neither good nor evil, but rather just tools. Well since the hammer that was beating me upside my head (e.g. debt) has finally ended, and with the start of the new year The Wife Continue reading I Have No Idea about Credit Card Rewards January 5th, 2010 | Tags: credit cards, Personal Finance, Personal Situation, rewards | Category: credit cards | 11 comments
 This post was inspired by a post written by Patrick at Cash Money Life titled, “Do you Know How Much Interest You are Paying Each Month” and Matt Jabs at Debt Free Adventure titled, “How Much Interest am I Paying? Hint, its Less.” Interestingly Patrick uses just examples, and Matt uses his real numbers. When I Continue reading How Much Interest do I pay to Financing Companies and Banks? TOO MUCH! November 4th, 2009 | Tags: calculating, Personal Finance, Personal Situation | Category: Debt | 9 comments
 I think a lot of the people’s consumer debt stems from charging a large ticket item into “manageable” monthly minimum payments. However, the problem that often arises is that a person only pays back the minimum. If we take a credit card bill of $5,000 with an interest rate of 15% and the minimum payments at 4.5% Continue reading The Horror of Just Paying Monthly Minimum Payment to Credit Cards September 28th, 2009 | Tags: Budget, Credit, credit cards, Debt, Debt Snowball | Category: Debt | 3 comments
It was a cold winter day in 2006. I was 6 months out of law school working at a firm where I usually stayed till about 7pm. I walked to my trusty, lovable Nissan 240sx. This car had so many miles the odometer literally stopped working (I am not kidding it was stuck on Continue reading My Extra Payments towards my Auto Loan was not being applied to Principal! August 11th, 2009 | Tags: auto, Auto Loan, Debt, Personal Finance, Personal Situation, prepayment | Category: Debt | 11 comments
 I’d like to think that I have a wide variety of friends. These friends range from successful business owners to civil servants to a friend that was unemployed for the better part of 18 months (health reasons). So it was interesting when I told a bunch of them about getting rid of my credit card Continue reading What Kind of Credit Card Debt Repayment Person Are You?  A buddy of mine is attempting to buy his first home, and learned a very valuable lesson that no one learns about until they attempt to buy their first house. It is a lesson that most people do not think until their mortgage broker tells them the bad news. I bet you are thinking, “Ugh another Continue reading When Applying for a Mortgage don’t Forget to Calculate your Debt to Income Ratio Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today I almost never lose my temper with customer service reps, and it usually gets me what I want or at the very least closer to my goal. Whether we are talking about the cable company, cell phone companies, and most financial/credit card companies – I usually get what I want. Before I get the comments about Continue reading Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today January 21st, 2009 | Tags: credit cards, Debt, Debt Snowball, Random, Rant | Category: credit cards | 10 comments
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