Category Archives: Debt

Delinquent Credit Card Payments May Lead to Inadvertent Opportunity

  My financial prowess has been anything but impressive. I decided to attend a private school in Florida, rather than NJ, which effectively set me back close to $200,000 in student loans. That decision has turned my finances upside down and has forced me to make other stupid decisions, simply to offset the monster debtContinue Reading

Don’t Blame Others for Your Debt Get up and Do Something About It!

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 consolidateContinue Reading

Experiences with Auto Refinancing – HELP ME!

When I first decided to speed up the payments for my auto loan I didn’t want to refinance or research refinancing because my credit score wasn’t anything substantially higher than when the loan was created.  However, since I am part of the TransUnion Settlement and get my credit score and report free until September 2010Continue Reading

I Have No Idea about Credit Card Rewards

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 WifeContinue Reading

How Much Interest do I pay to Financing Companies and Banks? TOO MUCH!

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. WhenContinue Reading

The Horror of Just Paying Monthly Minimum Payment to Credit Cards

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 atContinue Reading