How to Pay Down Holiday Debt as Quickly as Possible
December 26, 2013
Even with the best intentions, it’s too common: People rack up debt during the holidays. If you have some holiday debt, chances are that you want to get rid of that debt as soon as possible. Here are some tips from Kevin Gallegos, the vice president of Phoenix operations for Freedom Financial Network: 1. Stop […]
How Debt Costs You More Than Money
December 3, 2013
When your debt seems manageable, it is easy to simply slowly chip away it while not concerning yourself about it. After all, if you can make your minimum payments, plus a little extra on occasion, what does it matter? As long as you can “afford” your debt, paying it off doesn’t need to be a […]
Why a Good Credit Score Matters When You’re Not Borrowing
November 20, 2013
Why does a good credit score matter if you’re not planning to borrow any money? Many of us think that, as long as we already have a house and we pay for our cars in cash, a good credit score doesn’t matter that much. Unfortunately, that’s just not the way the system works anymore. Your credit report […]
How to Negotiate Your Debt to Find Freedom
November 18, 2013
One of the most difficult situations to be in is that of someone who feels overwhelmed by debt. Indeed, you might have a great deal of debt – and be unable to pay it all off. However, going to collections isn’t something that’s desirable, either. If you are in a tight spot, but have the […]
When Should You Start Paying Off Your Mortgage Early?
November 14, 2013
Paying off the home mortgage is a major goal for a lot of people. Once the mortgage is paid and the home is owned free and clear, all kinds of possibilities open up in both finances and in lifestyle. The largest expense in the household budget is gone, there’s more money for everything else and […]
Debt Snowball vs. Debt Snowflaking
November 6, 2013
If you are serious about getting rid of your debt, you need to have a plan. There are numerous approaches to paying off debt, but two of the most common are the debt snowball and the debt snowflake methods. Think about the merits of each approach, and determine whether one or the other might work […]
How to Consolidate Your Debt: 3 Options
November 5, 2013
One of the ways that you can make your debt a little more manageable is to consolidate it. Debt consolidation allows you to put all your debts together so that you only have one payment and one interest rate. Over time, you can save money in interest as well as make sure that your debt […]
Car Loans or Credit Cards – Which Do You Pay Off First?
October 22, 2013
We can all agree that paying off debt – any debt – is a good thing. But specific tactics for paying off debt are usually open to debate. There are various debt payoff strategies, such as the debt snowball, that simply have you paying off the smallest debt first, then working your way up. But […]
2 Main Ways to Pay Down Debt: The Siege and the Assault
October 16, 2013
If you have debt, chances are that one of your financial goals is to get rid of it. Debt can be overwhelming, especially since you pay so much in interest that it reduces the effectiveness of your payments. As a result, it can become disheartening as you try to pay it all off. A plan […]
How Does Debt Settlement Work?
October 4, 2013
“Do you owe thousands in credit card debt? We can help you reduce your debt so that you pay just pennies on the dollar!” Chances are that you have heard something similar on the radio (or seen an ad in print or online) with a similar promise. While it may seem too good to be […]
