Category Archives: Debt

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

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 to… Continue Reading

What to do if You Discover A Default Judgment?

What to do if You Discover A Default Judgment?

I received a distressing comment from a reader the other day on my post defining a Default Judgment.  Amanda wrote, I have a question there is a judgment against me for not paying a credit card bill. I was enrolled with a co. called REDACTED they were supposed to help me settle my debts but… Continue Reading

Why Use a Prepaid Credit Card?

There are many benefits to using a prepaid credit card.  A prepaid credit, also known as a secured credit card  is defined by bank rate as a credit card that, “…requires a cash collateral deposit that becomes the credit line for that account.” What are Some Advantages of Using a Prepaid Credit Card? You can… Continue Reading

Current Discover Card Promotions

Current Discover Card Promotions

The Wife always makes fun of me when we got out because I always try to use my Discover Card, and she gets a kick when a waiter tells me they don’t take it!  But I don’t care because I love my discover card because of the 1 to 5% cash back rewards I get!… Continue Reading