Archive for May, 2011
Bad Decisions that Typically Lead to Debt
A common thread running through many households in terms of debt is a lack of planning. Whether it is caused by ignorance or indulgence, it is crucial to recognize it and change it. The negative consequences caused by this lack of planning are many, but in particular, the three most common expenses are put at risk and lead to debt. Continued
Posted in Articles | No Comments »Give Yourself a Boost: Easy Debt Reduction Ideas
Easy and debt reduction in the same sentence? Is it even possible? Yes, if you’re determined. Try these ideas and see your debt begin to shrink. Save your change. Everyone should have a change jar. The idea is that when it’s full, cash it in and apply it all to your debt as an extra payment. Don’t cash it in Continued
Posted in Articles | No Comments »On the Road to Debt: Signs and Symptoms
Typically, debt doesn’t just happen overnight. In most cases, it’s the result of consistent bad spending practices. The sooner you recognize these practices, the better off you’ll be. Here are some practices that should raise the red flag: Spending more money than you make. It’s so easy to do this. You may not even realize it until it’s too late. Continued
Posted in Articles | No Comments »Credit History: Create, Maintain, or Re-establish
Whether your goal is to create, maintain, or re-establish your credit record, the steps to success are the same. Here are some tips to help you get on track and stay there. 1. Pay your bills on time. It doesn’t get any more basic than this—it’s one of the easiest ways to improve your credit history. Even if you don’t Continued
Posted in Articles | No Comments »Credit Score—Who Needs It?
Lenders aren’t the only ones relying on credit scores to predict whether or not you’ll pay your bills. Credit scores are sometimes referred to as FICO scores, named after Fair Isaac Corp. who compiles the information. You may already be familiar with credit reports, but many people, young and old, aren’t familiar with the role the credit score plays when Continued
Posted in Articles | No Comments »Take 5 Minutes to get Your Debt Solution!
Consumers across America are touched by debt in one way or another. Feeling alone in your struggle, and embarrassment only add to the stress. However, you are not alone! According to the Federal Reserve Statistical Release, as of September 2008, outstanding revolving consumer credit was $971 billion, and it’s on the rise. This, of course, doesn’t include mortgages—it’s just for Continued
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