Good debt and bad debt
I am sure you have heard that there is good debt and bad debt. However, all debt should be considered bad. There is no such thing as good debt. Debt is debt. Pay to all what is owed to them:…
Category Debt
Don’t fall victim to debt collectors
A Missouri jury ordered a debt buyer to pay nearly $83 million to a Kansas City woman it pursued for a $1,000 credit card bill she didn’t owe, NPR affiliate KCUR reports. The jury found Portfolio Recovery Associates LLC guilty of…
Debt Rules
These debt rules apply figuring out which debts to pay first. Top Priorities: Always pay for your family’s needs first. This include food and unavoidable medical expenses, co-pays and medicine. It does not include old medical bills. Pay housing related…
Change your money habits, you change your life!
When you change your money habits, you change your life! When you are in financial trouble you are managing money incorrectly. You are living above your means. You might be using credit to supplement your lifestyle. Credit and credit cards cannot…
Secure Debt vs. Unsecured Debt
Knowing the difference between Secure Debt vs. Unsecured Debt is critical when you need to get out-of-debt. Secure Debt is debt which has collateral pledged against the debt. For example, when you take out a mortgage on your home, you…
Christmas is almost here
Christmas is almost here and many of you have a long list of people for whom you “need” to buy presents. Many of you most likely do not have the money set aside to pay for all those gifts. Many…
12-Steps To Debt Recovery
Just as any addiction has recovery steps, so should debt recovery. Today, we will take a page out of AA and delve into the 12-Steps To Debt Recovery.
Bondage
Can you believe the amount of debt the average US citizen has accumulated?
Temptation – Debt
“For the love of money is a root of all kinds of evil. Some people eager for money, have wandered from the faith and pierced themselves with many griefs.” I Timothy 6:10
