Category Archives: Debt Management | How To Reduce Debt
Are You In The Debt Danger Zone?
To get out of debt, you’re going to need to figure out what got you into debt in the first place. Yes, you may have had some bad luck. You may have been laid off, you may have bought more … Continue reading
Debt Management: Are You Penny Wise and Pound Foolish?
Have you ever heard the expression penny wise and pound foolish? It means doing things that save money in the short run but end up costing you a lot more in the long run. Sometimes it pays to do things … Continue reading
Pay Off Debt Tip: Downside of Talking To Collection Agencies
What can go wrong when you have a conversation with employees from collection agencies? Plenty. This is not to say that you should not communicate with employees from collection agencies when they contact you about a debt, but you should … Continue reading
Debt Management Tip: Living Without Credit
It’s a common belief these days that you simply HAVE to use credit to survive, but this is far from the truth. How do you think people survived before credit cards were invented? The first credit card ever invented was … Continue reading
Debt Management Tip: Do You Know How To Protect Yourself From Debt Collectors?
You have an obligation to repay your debts, even if you have fallen on hard times. However, you don’t have an obligation to be harassed, to be threatened, to be treated badly. The Fair Debt Collection Practices Act offers protection … Continue reading
How To Handle Your Old Debts And Obligations
If you are contacted about a very old debt that you owe, it is very important that you do not act hastily. And here’s why. Every debt has a statue of limitations. If the debt is more than six or … Continue reading
Debt Management Tip: How To Avoid Bad Debt
Most of the time, you have a choice when it comes to getting into debt. Some things are worth going into debt for: Buying a house if you plan to stay there for at least a few years, and if … Continue reading
Debt Management Tip: 4 Ways To Trick Yourself Into Getting Out Of Debt
If you are in debt, odds are that on your own you are not great at managing money. So to get out of debt, you’re going to have to get a little sneaky. Here are some ways to “trick” yourself … Continue reading
Debt Management Tip: When Is The Optimum Time To Contact Creditors?
Do you know when is the optimum time to contact creditors? Right away. Let me explain. Ideally, you want to contact them right away – BEFORE you have to make a late payment. If you have been laid off, or … Continue reading
Debt Management Tip: Keep Your Eye On These Numbers
If you want to stay out of debt, or get out of debt, there are some numbers you should be keeping a close eye on. Your credit score – at the very least, check your credit report once a year … Continue reading