Debt Denial Quiz
January 4, 2010
Debt reduction is a good thing to tackle at the start of the year but sometimes we’re in denial about how much debt we actually have and how much work it will be to pay off those debts.
A reader sent me the debt quiz below; you give a yes or no answer for each question. Each [...]
Lending Money to Family – Reader Struggle
December 11, 2009
Lending money to family and friends is no picnic, just ask Brandon. He’s a reader who left the comments below on the post from earlier this year about lending money to family.
“My wife’s family does not have much care when it comes to money. they don’t make very much, have horrible credit, and their kids are [...]
PayPal Discourages Use of Credit Cards
October 8, 2009
PayPal encouraged me to pay with my bank account rather than my credit card as I was setting up a subscription payment last night. When I first setup the subscription in PayPal it defaulted to use my bank account as the funding source.
I wanted to switch it over to use my credit card just in [...]
Payday Loan Question
August 5, 2009
Payday loans can bleed you dry. For example, here’s a recent comment from reader Cheryl:
“We started out with Payday Loans when we hit financial bottom when I lost my job. We had just moved with a larger mortgage, plus have 2 kids at home to feed.
We now have 6 Payday Loans that are killing [...]
Avoid Foreclosure Rescue Scams
July 16, 2009
The struggling economy has left many people facing the potential of foreclosure and has created a wave of scam artists that are taking advantage of the fears of desparate homeowners. The Federal Trade Commission is on a mission to help stop foreclosure rescue scams around the country.
Here is the FTC Chairman Jon Leibowitz’s warning about [...]
Three Money Traps to Avoid
June 30, 2009
When money is tight, it’s tempting to turn to quick fixes but some of them can have lasting consequences for your money and your future. Obviously times are tough and many people are faced with decisions they thought they’d never have to make but here are three money traps to watch out for.
Cashing in your 401(k)
You [...]
Debt and Marriage – What You Should Know Before the Wedding
May 12, 2009
Debt can ruin a marriage, so how can you beat debt before your wedding day? Although you many not be able to eliminate debt before tying the knot, there are things you can do to prepare for debt in married life.
Dating and Debt
When you get married, your two families become one and so do your [...]
Filing for Bankruptcy – Chapter 7 vs Chapter 13 Bankruptcy
April 29, 2009
Filing for bankruptcy can eliminate or reduce your debt but there are major consequences you should be aware of before you file for bankruptcy. Unmanageable debt is a huge problem in the U.S., bankruptcies totaled over 1.1 million last year; a 31% increase from the previous year. Here is a look at the two most [...]
Lending Club as a Debt Consolidation Option
January 22, 2009
Have you decided it’s finally time to take charge of your finances and work on a plan to get out of debt once and for all? If so, congratulations! The bad news is that it may take a while to dig out of your debt hole, the good news is there are dozens of [...]
College Students in Debt Find a Friend in MTV
January 15, 2009
Growing up as part of the MTV generation, I always thought of MTV as a source of entertainment that had an anti-establishment edge. The videos they showed always seemed to push the envelope and were, in my mind, a good commentary on some of the latest trends in the youth culture.
Now MTV is using their clout [...]
