Credit, Debt and Loans: Learn How To Borrow Wisely

Debt, Credit & Loans Category. How To Borrow Wisely.

You may have seen your fair share of financial advice on the Internet: articles telling you how to get out of debt, how to raise or fix your credit score, and even posts that tell you how to deal with an impending foreclosure. But, it feels like so many of these materials are simply recycled fodder that you’ve seen time and time again. By contrast, we’d love to provide a personal view on this subject matter from people just like you, who have found themselves in a tight spot and have discovered a real way to get out.

That’s exactly what we hope to offer here: tips and stories from people who have undergone some hardship or challenges in this area. In the Credit, Debt, and Loans category, you will find dialogue and discussions that reflect the experiences of some folks who have gone through bankruptcy and foreclosure. We also bring up real life questions on dealing with mortgages and credit card debt. We hope to provide useful information on the credit and loan industry, from peer to peer financing to bankruptcy, from buying a home to dealing with debt collectors and foreclosures. Several articles here are written from the first person perspective of people who have been in your shoes.

For related material, you can also venture forth into our other categories that cover budgeting, saving and money management. Please check our Popular Categories links for additional notes on personal finance!

Use A Debt Consolidation Calculator To Help You Find A Better Loan Nov 2012 9

I use a debt consolidation calculator to illustrate how much you can save with the right kind of personal loan. Today, I’ll cover some ideas on how to become debt free faster. If you’re someone with a strong credit rating but with credit card debt and various loans to your name, you may be able […]

How To Escape An Upside Down Car Loan Oct 2012 16

Do you really know how much it costs to own your car? Is your car loan upside down or underwater? Here are some thoughts on the subject. I often wonder what it’s like to drive those fancy new cars. You know, the ones with the flashy paint and the equally flashy price tag. But, I […]

Paying For College: How To Reduce Student Debt Oct 2012 12

Kids grow up fast, too fast in most cases. At least faster than you can get their college tuition saved up. And doesn’t it seem like every year, college tuition increases to the tune of 6% or more? We’ve taken a look at some of these concerns in a few recent articles on the subject […]

Bank Accounts For People With Bad Credit Aug 2012 2

There have been several people I know who have wanted the convenience of checking, but couldn’t open a new account due to bad credit. The past recession has left many to deal with damaged credit everywhere you look. But all may not be lost even if you happen to be in this boat. You can […]

Facing Debt Trouble? How I Deal With Debt Stress Jul 2012 12

Do you have any debt? I did once, and even though I am thankfully not in debt anymore, I can well remember just how it felt at the time. I hated those bills dropping through the letter box. Trying to figure out how to pay even the minimum amount was a stressful task! But when […]

Get Foreclosure Information & Options From Fannie Mae: Jul 2012 5

Living in a very high cost area, where property values are stratospheric and home ownership continues to be out of reach, I’ve gotten to know many homeowners who are biding their time with regards to making a new home purchase. But along with those folks who haven’t been able to enter the housing market, there […]

Steps to Buying a House: Checklist & One-Year Plan For Home Buyers Jul 2012 7

Financial guru Dave Ramsey would say that I have “house hunger”. I desperately want to buy a house, but my “financial house” is not in order. I am incredibly frustrated because this is an excellent time to buy, but I don’t have a down payment saved and I have too many credit card bills, my […]

Wipe Away Debt Problems With Debt Snowflakes Jun 2012 11

I’d like to share a great concept or strategy to pay off debt called “Snowflaking”, which I found well described in a few personal finance blogs. The concept of snowflaking is an interesting spin off from Dave Ramsey’s debt snowball strategy for eliminating debt. I discovered that it was originally discussed over at the Debt […]

Debt Solutions To Break Out Of The Debt Cycle Jun 2012 24

Many of us wish to become debt free. So what are some ways to break out of the debt cycle? If you know someone in debt, here are some ways to help them escape the rut. Let’s look at an interesting situation. So you may think that your kids are finally independent; they’ve graduated from […]