Category Archives: Debt

Helping Out a Fellow Personal Finance Blogger Understand Her Student Loans

I was shocked when I saw the following tweet by Leslie from 27andFrugal fame: It immediately caught my attention because amortization loans shouldn’t be paid forward like this, however, when I let Leslie know that was possibly making a mistake she didn’t believe me!  Despite not knowing Leslie I felt it my responsibility to helpContinue Reading

How to Avoid Debt – A Guide

Unfortunately, for a lot of people, debt is – or is becoming – a fact of life. It’s all too easy to borrow money in the firm knowledge that you can and will repay it in time… only to see your circumstances change and your ability to repay the money you owe taken away fromContinue Reading

How to Tackle Your Debts in 2011

Many people set themselves financial objectives, and I think it’s a great way to keep you financially motivated and focused. It’s a harsh fact of life that getting in debt is so much easier than getting out of it, however with a correct plan of action you can make it easier. Before you can everContinue Reading

What Happens When you Make an Extra Payment on a Loan?

It is really interesting to see the results of making an extra payment to a mortgage, auto loan or any other amortized loan.  I think there is some confusion as to  what exactly happens, mathematically, when you make the extra payment.  To understand what happens when you make an extra payment you first have toContinue Reading

Don’t Sit Back, Attack Your Credit Problems

A credit card may be the last thing that someone with credit issues wants to look at, let alone use. Unfortunately for consumers aiming at a higher credit score, merely letting time work does not, in fact, work and a credit card represents the most efficient means of attaining credit improvement. Sure, the economy hasContinue Reading

What Would The British Do For Money

The current financial climate indicates that times are hard, so some free money would be a nice little bonus, wouldn’t it? Research carried out by UK based MoneySupermarket.com details how far the British are prepared to go for £400, which in the US equals $634. Based on the research, we found out half of theContinue Reading