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!
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 [...]
Some ways to pay off debt without spending an arm and a leg. When I think about reducing debt, I’d like to approach it from all angles — you know, hit it with all I’ve got. The more aggressive you get about how you eradicate debt and how you pay off your credit cards, the [...]
While there are many options available for anyone who wants to wipe away their debts, all these options have their costs. If you do it yourself by living frugally and making sacrifices, you’ll get the best rewards by learning better financial habits, but it may not be easy until you get into the habit of [...]
PerkStreet Financial is a site that offers an online checking account along with a debit card called the Perkstreet Platinum Debit Rewards MasterCard that kicks off rewards; in particular, their card gives you cash back when you use it. The checking account is FDIC insured while the card goes the extra mile by helping you [...]
Prosper.com is a highly popular network for peer to peer lenders and investors. It’s a great place to try to get a personal loan that’s potentially cheaper than at banks or loan companies. It also provides investors an opportunity to pursue an alternative form of investing via short term instruments. We’re here to bring you [...]
Understand rates, returns and terms in order to make the right product choices in finance. APR, APY, effective APR, nominal APR and interest rate. We see these terms pop up a lot when we talk about finance. They should all be part of our personal financial vocabulary, but are all these terms referring to the [...]
You can certainly deal with debt on your own, which we believe is always the best and cheapest solution. But for many folks, their financial burden may be so far along that they feel that they could benefit from bringing in outside support. Some others are more comfortable about having a “professional” help them resolve [...]