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Category: Debt

Why consolidating your bills might be the best decision you make in 2012

Why consolidating your bills might be the best decision you make in 2012

April 4, 2012

Guest Post by Brad Swain Bill consolidation, or debt consolidation, is the process of combining loans such as auto loans, mortgages, and credit cards into a single fixed-term loan. This allows you to make one monthly payment to one creditor instead of making multiple payments to many creditors. Loan consolidation can be beneficial in a [...]

credit card debt

The Truth About Credit Card Debt

September 16, 2011

Do you struggle with credit card debt? I wrote an article this week for Social Moms called Five Reasons to Cut Up Your Credit Cards Today.  I believe that one of the reasons many families get (and stay!) in debt is because of credit cards.  Credit cards make it oh-so-easy to buy things that we [...]

My Journey with Medical Debt

My Journey with Medical Debt

August 24, 2011

Do you ever get the feeling that you’ll never get out of debt?  That you’ll never get ahead?  I am there now and it is due to our medical bills.  It  has been one thing after another with us, and the day we get these medical bills paid off, I am inviting all of you [...]

How to Get Out of the Debt Cycle

How to Get Out of the Debt Cycle

August 13, 2011

It’s a scenario all too many of us are familiar with: getting into debt, and spending each month trying in vain to pay it off. And once you’re in that cycle, it can be very hard to get out. Some people end up in a debt cycle without even realizing. Do you nearly always end the [...]

How to Handle Excessive Debt

How to Handle Excessive Debt

October 13, 2010

Excessive debt is something many people are faced with today.  It is scary, overwhelming, and can keep you awake at night with worry.  And while it is tempting to hide your head in the sand and ignore your debt, that does nothing to solve your problem. 1.  The first step in handling excessive debt is [...]

What to Consider Before Filing Bankruptcy

What to Consider Before Filing Bankruptcy

May 27, 2010

Do you think of bankruptcy as an easy way to offload a crushing debt burden? Sometimes it’s the first method people will reach for since it does relieve the burden, but it’s far from easy and should be the very last thing you use to do so.  The law has made it fairly easy to [...]

Credit Reports:  What They Mean to You

Credit Reports: What They Mean to You

May 27, 2010

Does the thought of looking at your credit report fill you with dread? This is often the case for people struggling in turbulent financial waters. But reality is never your enemy, even when it is unpleasant. In order to promote financial health, and resolve any debt problems you may have, it’s essential to have the [...]

Debt Snowball Method

Debt Snowball Method

November 17, 2009

Have you struggled with getting rid of your debt?  Maybe you have high credit card bills, medical bills, car payments and the like.  And it seems no matter how many payments you make, you never get seem to get rid of them.  Many of us are either there, or have been there, and it is [...]