Repairing bad or impaired credit is a long and difficult process, and done right, it may take a year or more depending on your situation. The first and most obvious step in repairing bad credit is to not incur any more of it. Take a long, hard look at your spending, and revise it so … Continue reading Repairing your Impaired Credit
Category: Debt & Credit
Understanding debt and credit is crucial for maintaining good financial health, and seeking help if necessary is important. By following practical tips and advice, and managing debt and building credit through responsible financial practices, individuals can improve their financial standing and achieve their goals.
Creating a Debt List
We have discussed a wish list as an important aspect of financial planning but there is another list just as important. This article focuses on the opposite of the wish list, the debt list. The debt list is just as important as the wish list and therefore just as much attention should be paid to it though … Continue reading Creating a Debt List
The Role of a Debt Counselor in Debt Management Programs
Seeking a consultation with a debt counselor is often cited as being an effective means of combating your debt management concerns. However, more often than not, the role of a debt counselor, in the debt management process, is an elusive one to all but those who have gone through a debt management program. With this … Continue reading The Role of a Debt Counselor in Debt Management Programs
What is Debt Consolidation?
Debt consolidation — it’s a buzz-phrase we often hear being bounded about these days. Though, what exactly is debt consolidation and why would you want to consider it? Simply put, debt consolidation is where you take a lot of your small debts and “consolidate” (put them all together) them into one or two large debts. … Continue reading What is Debt Consolidation?
Using Credit Wisely
Society has for decades now promoted the notion of “buy now, pay later.” Madison Avenue has also contributed to this feeling of entitlement by letting consumers know though their clever advertising campaigns that each of us deserves the very best and we deserve it right now, even if we can’t quite afford it. Here, you … Continue reading Using Credit Wisely
4 Steps to Eliminate Debt
Getting Out Of The Red And Into The Black To eliminate debt, you need a strategy and patience. Yes, there’s a lot of hype right now about erasing debt instantly and painlessly. Unfortunately, unless you come into a windfall of some kind, this isn’t likely to happen. With some thorough planning, though, you can eliminate … Continue reading 4 Steps to Eliminate Debt
Easy to Implement Debt Management Tips
It may sound almost too simplistic: but one of the most effective ways to avoid any future debt problems is to learn to manage your finances. Whether we like it or not, in this day and age that doesn’t mean sitting down at the kitchen table on Sunday night trying to balance our checkbook. What … Continue reading Easy to Implement Debt Management Tips
Help Getting out of Debt
Having trouble with too much debt? If so, you are not alone. To help, there are many “debt consolidation” and “free credit counseling” firms that are interested in your business, and it’s probably best to avoid many of them. These private firms will charge high fees, and not all of them are looking out for your … Continue reading Help Getting out of Debt
Introduction to Managing your Debt
We all accumulate debt at some point in our life. There is really no way around it. Especially when we consider the two greatest costs we will face – buying a home and funding our education. Thus, it is good to accept the fact that debt is not a complete negative and if used wisely can be a … Continue reading Introduction to Managing your Debt
Quick and Easy Ways to Trim your Budget
Everybody dreams of a nice, large savings account. But while it seems obvious that in order to save more money you need to spend less, it is often difficult to find the areas on which to cut back on your spending. Every budget has areas that could be tightened, and it’s not hard to find them if … Continue reading Quick and Easy Ways to Trim your Budget
Budgeting Money and Debt: Inflow vs. Outflow
A key concept in managing your finances is inflow vs. outflow. Essentially inflow is all the money you receive or generate while outflow is all the money you spend. There is nothing subjective about these terms. Each should have a concrete and tangible number attached to it and you should know what that number is on a monthly … Continue reading Budgeting Money and Debt: Inflow vs. Outflow
Understanding Automobile Leases
Automobile leasing has become very popular as a way to get a new car with little down and lower monthly payments than you would have were you to finance the automobile outright. The biggest difference is that when you buy a car outright and finance it, at the end of the finance term, you own … Continue reading Understanding Automobile Leases
