Category Archives: Debt Management | How To Reduce Debt

New regulations on the credit card industry come with some relief for customers, but they do not solve all problems, by a long shot. Under the new laws, they will not be able to raise interest rates on existing balances … Continue reading →

New laws will make it tougher for credit card companies to get college students hooked on easy credit, but if you are a parent, you can work with your child to make sure that they’re never even tempted. You can … Continue reading →

There are all kinds of laws and movements afoot these days to end the abusive and predatory practices of credit card companies. Some of the things that proposed new laws might accomplish are: putting a limit on exorbitant fees and … Continue reading →

Some people pay every bill on time; some people procrastinate unpleasant chores like bill paying. Unfortunately, procrastinators end up paying dearly for their bad habits. If a person pays their credit card bills late, the credit card companies can take … Continue reading →

Your credit score has enormous power over your life and your financial affairs – so it is vital that you aren’t paying for mistakes that aren’t yours. According to the Federal Reserve, up to 79 percent of credit reports contain … Continue reading →

As more and more layoffs, pay cuts, and mortgage resets plague the economy, people are finding themselves increasingly financially stressed. Some of these people are going to check cashing companies, writing personal checks, and borrowing cash against those checks. This … Continue reading →

So there’s a new videocamera that you absolutely must have, or you need a new work wardrobe, or your old TV just isn’t cutting it any more, or your family hasn’t been on vacation in YEARS and you are looking … Continue reading →

1. Thou shalt learn the difference between “needs” and “wants”. 2. Thou shalt not use credit to purchase expensive toys. 3. Thou shalt create a budget and stick to it. 4. Thou shalt not covet they neighbor’s mortgaged-to-the-hilt McMansion, nor … Continue reading →

In the eyes of credit scoring companies, not all debt is created equal. There are different types of debt, and some can do considerable damage to your credit rating. Installment loans are not harmful to your credit rating as long … Continue reading →