Category Archives: Debt

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

Delinquent Credit Card Payments May Lead to Inadvertent Opportunity

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 debt I… Continue 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 consolidate… Continue 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 2010… Continue Reading

I Have No Idea about Credit Card Rewards

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 Wife… Continue Reading