Debt is a four letter word that almost every person has had to deal with since the beginning of written time and history.  Debt was talked about in the bible, by Shakespeare, and by tens of thousands of other authors since.  The posts found in this category have to deal with either my personal relationship with debt, or the idea in general.

The Need-to-Knows Regarding Predatory Loans

Water is a vital resource for life on Earth. But it’s highly coveted during the dry months in South Africa. During the summer season, many animals have to compete for a drink at the local watering hole. A cautious impala takes a long sip of lifesaving water. Meanwhile, lurking just beneath the murky ripples is a hungry crocodile timing her deadly lunge. In some ways, searching for a loan mirrors the impala’s plight. People need loans to make important purchases or overcome serious debt like an impala needs water. But occasionally, nefarious intentions hide within the terms of the loan—just like the [...]

By |2019-08-19T23:01:03-04:00August 19th, 2019|Debt|0 Comments

What are Informal Debt Agreements?

An informal agreement is an agreement a debtor makes with his or her creditor, without having to endure the legally binding process that impacts their credit score. Often, a debt counsellor will negotiate these terms to find a mutually beneficial agreement, but a debtor may also find he or she wants to contact the debtors and negotiate on his or her own behalf. If you’re thinking about refining your debt repayments and getting back on track, consider an informal debt agreement as the best possible option for both parties. We’re going to discuss more about informal debt agreements and how they can [...]

By |2019-06-18T08:51:09-04:00June 18th, 2019|Debt|0 Comments

What Happens When You Have No Credit History?

Not everyone understands the concept of credit. It sometimes feels unnatural to spend money that isn’t really yours. But having a good history with credit makes it a lot easier to do many important things in life—such a buy a house or car. If you haven’t started establishing your credit yet, you might be wondering what happens when you have no credit history. Is It Possible to Rent an Apartment with No Credit? If you’re out on your own, you need to have a place to live. But it’s a lot harder to get an apartment when you have no credit history. [...]

By |2019-01-30T15:16:39-04:00January 29th, 2019|Debt|0 Comments

4 Skills that Will Help You Stay Debt-Free Forever

Give a man a fish and he’ll be satisfied for a day. Teach a man to fish and he’ll never go hungry again. The same is true, to a certain extent, of finances and money management. A significant windfall or a short-term dividend won’t do much good in the long run if an individual lacks the skills and know-how to handle their personal capital. As such, if you’re looking for a permanent solution to financial worries –– and not a quick-fix –– make sure to check out and strive to develop these four habits that will keep the creditors at bay: Patience [...]

By |2019-02-11T12:54:31-04:00January 22nd, 2019|Debt|0 Comments

Discovering Prepayment Problems with My Student Loans

Despite being out of law school for about 12 years, I still have a pretty good amount of student loans hanging around.  I paid my smallest student loan off way back in 2012 throwing extra money at it when I could, and I never really worried about the balance since they were all locked in at an interest rate of 3.50% and only costs me a few hundred every month so it wasn't worth liquidating assets to pay it off completely.  Notwithstanding, earlier this year I thought it would be a good idea to put a few dollars (and I do mean [...]

By |2018-12-26T10:26:25-04:00December 26th, 2018|Debt|0 Comments