Budgeting

Most people struggle with holiday overspending and would welcome a Christmas with less financial pressure. Limiting your holiday season spending gives you more money to repay debt or finance your child’s college fund. Without skipping the gift giving, family gatherings or other important aspects of Christmas, you can create a festive and magical holiday on a budget.

General Finances

When you make an effort to pay off a large amount of credit card debt, it can feel good to be able to cancel your credit card accounts and be out of debt completely. While this is a common practice among people who are paying off debt, it may not always be the best decision that you could make financially. In some cases, canceling your credit card could hurt you in other ways that you did not foresee.

Debt

Credit Card Debt Forgiveness

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16
November

Credit card debt forgiveness has become more main stream since the beginning of the recession. In fact, it seemed like every time you flipped on the TV, radio or Internet, there was an advertisement on about managing your debt through credit card debt forgiveness. Like typical advertisements, however, none of them really explain what the program entails.

General Finances

When you make an effort to pay off a large amount of credit card debt, it can feel good to be able to cancel your credit card accounts and be out of debt completely. While this is a common practice among people who are paying off debt, it may not always be the best decision that you could make financially. In some cases, canceling your credit card could hurt you in other ways that you did not foresee.

Investing Banking
05
June

Most of us learned to save money only after we were in financial trouble. Mounting bills are expedient teachers, but they’re not the best way to learn. The best time to learn life skills is when you’re young. Start teaching your kids how to save money now. Otherwise you’ll have no one to blame but yourself for the grown-up children still living in your basement.

Retirement
18
October

When the Social Security Act started in 1935, many didn’t expect that people would be living longer and drawing on Social Security for longer and longer periods of time. What you’ve heard about Social Security is absolutely true. There is no money in social security. In 1965, Lyndon B. Johnson put the Social Security fund into the General Trust fund, so there hasn’t been money in there for over 45 years. But what happens if the tax liability becomes so great that the government cannot afford to pay the Social Security that’s in the general fund?

06
November

Dealing with credit card debt can be a pain. Getting in a lot of debt can lower your credit score, making it very difficult to take out loans for things like a car or house in the future. With so much on the line, it is vital to improve your score in any way possible, and the easiest method is to reduce your debt. Getting out of debt completely might take a long time, but it is crucial to be on time with your payments and cut into the debt one month at a time.

02
November

Interest rates on credit cards are among the highest rates permitted in the consumer loan market. While most interest rates are between eight and fifteen percent, rates on credit card are allowed to go as high as thirty percent. With rates this high, even small debts can take a person years to pay off.

30
October

Maintaining a good credit score is easier than pulling yourself out of poor credit. If you have a solid credit score, chances are you have done something right in the past. There is always room for improvement, however, and everyone can benefit from a higher credit score. There are a lot of misconceptions about how to acquire and maintain a great score, however.

Credit card debt is easy to rack up, but not always so easy to pay off. If you have credit card debt, a credit card payment calculator can be an invaluable tool in your efforts to get rid of this debt or at least significantly reduce it.

Isn’t it great that you’ve never missed a credit card or mortgage payment, that creditors fall at your feet with offers of 0% financing, and your credit score resides somewhere in the 840 range? It must be nice to be you. Oh wait – this isn’t you? You’ve actually had some credit issues in the recent past? Well, rest assured you are not alone. About 1 out of 5 individuals have very poor credit, according to Experian. Experian’s research also indicated that between 2006 and 2009, the number of people with poor credit scores has risen by 15-20% to more than 40 million. The facts are that having a poor credit score is costing you money in terms of qualifying for lower interest rates on both fixed and revolving credit, and it is severly limiting your ability to qualify for mortgage and auto loans. All the while, unpaid debts could be accruing interest and fees costing you even more.