Category Archives: Debt

How to Tackle Your Debts in 2011

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 ever… Continue Reading

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

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 has… 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

Heading Overseas? Time to Think About Your Credit Card

Heading Overseas? Time to Think About Your Credit Card

If you are planning on traveling abroad any time soon, then getting a new credit card may not be the first thing that you think about, but the first section of this article will tell you why it should be. Research conducted by Moneysupermarket.com found that over half of Britain’s credit card users (58%) chose… 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