Debt

How would you like to repay half of what you owed the bank and never be bothered by them again? This is a proposition that almost anyone would like to have. But note that structured debt settlements with reduced balances will affect your credit score badly. Even though the money is officially settled and paid, the fact…

One of the key components of a debt management plan is to not only control, but to reduce your fixed expenses. A dollar saved is as good as an additional dollar for you each month. Anyway in most cases, you are buying more than you need to on many items. For example, restaurants often sell us meal…

You do not need to explain to anyone of you decide on hiring a professional to help you get out of debt. In a way, you are now passing that responsibility to a someone else so that you can blame others when you fail again. if you think about it, a pro is no magician. He cannot…

We often think about credit card whenever we talk about minimum payments. But a lot of loans also come with minimum payment terms that lower down your defences. The basic idea behind it is that you do not have to pay the full amount due when a payment is due. Instead, you will only need to pay…

The biggest hurdle for people with credit problems is to admit that they do have a problem. To some people, this admission is like a declaration that they are inferior to others or that they are not “normal”. Well you do not have to be embarrassed by this. Everyone has their own set of problems. It just…

The concept of credit and debt has been around since the beginning of time. So it is not surprising that there are already many well-documented strategies to find a way out. The strange thing is that even though with thousands of years worth of lessons, people are still getting by with credit while piling up their debts.…