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 toContinue Reading

What Would The British Do For Money

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. So that begged the question, what would they be preparedContinue 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 butContinue Reading

5 Reasons to Use a Prepaid Credit Card

For many people, having a credit card is a necessity to live and operate in our world. Unfortunately, these cards come with many disadvantages, such as high interest rates and security concerns. Luckily, through the use of prepaid credit cards, many of these disadvantages can be avoided. Prepaid Credit Cards Build Credit The first reasonContinue Reading