Help with Debt

I found a little article that listed the 3 good reasons to go into debt. It piqued my interest because debt is considered something to avoid. What could be ok to get into debt for? The listed reasons to get into debt were a student loan, home loan or a business loan. OK, that made sense. Three years ago I would have totally agreed. Yes, student loans will better your future and to invest into a student loan would be beneficial. Yes, home loans tend to be a sound investment. … Continue reading →

Today a headline from Yahoo! Personal Finance caught my eye, “Five Signs that you’re Living Beyond your Means”. I loved Yahoo’s five signs and I especially loved the “bottom line”. It’s the sad and honest truth that we all have to face in our nation and in our generation. Foreclosures are rising, credit card debt is rising, bankruptcy is rising. We need to assess our financial health. We need to change the way we think and spend money. There were some statistics that I vaguely remember, average household back in … Continue reading →

First, know that you are not alone!!! You could be a phone call away from avoiding foreclosure and saving your home. A loss of a job or business, mortgage payment and fees rising, unexpected medical expenses or other life-altering occurrences can happen to anyone, especially in today’s economy. Before we know it we’ve fallen behind in our loan payments and we’re feeling hopeless. To avoid having the lender foreclose and take ownership of the home, try these steps: 1. Be responsible and remember that you signed that mortgage contract. Quit … Continue reading →

How do you expect to get ahead? To be clear of your debt? Do you think a pay raise will do it? In our minds, we think that if we could just make a little bit more money we can be financially secure. That’s a lie that we like to believe. IF we could just make more money, IF I could go to school and get a better paying job. So on, so on, so on. The truth of the matter is, we will only have financial security if we … Continue reading →

There are three opportunities to obtain a FREE credit report: 1) If you applied for a loan and were turned down, you can request a copy by writing the appropriate credit bureau within 60 days of your notice. 2) If you’re unemployed and plan to look for a job within 60 days; if you’re on welfare; or if your report is inaccurate because of fraud, including identity theft. 3) If a company takes adverse action against you, such as denying your application for credit, insurance, or employment, based on information … Continue reading →