Credit, Debt and Loans: Learn 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!
The only person I know who isn’t interested in their credit is someone who doesn’t want to buy a house or car, doesn’t have any credit cards, and has no worries about identity theft. However, if you’re well over the age of eighteen and use a credit card, then you may have a fairly sizable [...]
Have an emergency? Find the money from both expected and unexpected places! The other day, I had an emergency: my computer hit the dust a second time in 2 years. The first time it croaked, my hard drive crashed but most of it was recoverable. I ended up spending close to $1,500 to get my [...]
What if your partner is racking up the credit card debt, and having a hard time putting a halt to their unnecessary spending? Then it can get pretty dicey. If your personal or spousal debt is starting to look unmanageable due to a spending addiction, here are a few ideas that you may try out [...]
“Would you like to save 10% on your next purchase?” How many times have I heard those words come from the nice lady at the register? My not so fond memories used to stem from the mall where high end department stores wouldn’t let you go until you listened to their sales pitch. Not anymore. [...]
During the 00s, it became quite the financial fad to use leverage for a whole lot of crazy reasons. There are certainly many ways to borrow money to use it for leverage. We discussed credit card arbitrage before. Aggressive traders may use stock margin accounts to increase their investment returns. But I’d like to focus [...]
You finally found the perfect house and you’re close to realizing the dream of owning your own home…so close that you can taste it. It’s a great time in your life but are you really financially ready to achieve these goals? Check Out Home Loan Resources You’ll first need to ensure that you can afford [...]
For most people, committing to a mortgage is one of the scariest moments of their lives. Our cave man ancestors would be stunned to see people working for thirty years just to own a home. Back in the old days, you just found a cave, chased the bats out of it, and moved in. We [...]
Many debtors have admitted that one of their biggest concerns is for their credit card companies to raise their interest rates on existing debt balances. I’ve actually heard of reports in the past of card rates that would go up to a whopping 30% APR. Some ask, is this legal? To the extent that it [...]
Many people are drowning in debt and don’t know where to start. It’s time to take the bull by the horns. If you’re one of those folks who started the year by resolving to get your finances and debt under control, and feel that there’s more you’d like to do for this cause, then do [...]