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

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

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 prepared

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

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 reason

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