Category Debt

Hitting the wall

Hitting the wall of money or shall we say no money and too much debt is a terrible feeling. When you hit the wall, you have come to a point where there is no place else to turn for “money”.…

The main obstacle

If you were asked, “What is the biggest obstacle to you getting out debt?”, what would be your answer? Several of you might say, “I don’t make enough money.” Others might say, “My spouse spends all the money.” Some of…

Are you on your way to being deep-in-debt?

Are you single and on your way to being deep-in-debt? Let’s take a look at a few questions and see if you qualify for this dubious distinction. Do you eat most of your meals out every day of the week?…

Settling our children with our debt

Did you know that as our national debt rises we are settling our children with our debt?  The following might shock you: “Under the Obama administration, the U.S. government debt has increased from approximately $143,255 per American less than 18…

Is my home mortgage interest deduction a good idea?

Have you asked yourself this question, “Is my home mortgage interest deduction a good idea? You might not or you might have. The interest deduction on your tax returns is important. However, do not fall victim to the “I am…

Resurrecting old debt

Be aware that collection agencies might call you about debt that you might have forgotten about, some of it may be even as old as 20 years. The collection agencies buy the “out of statute” debt for pennies on the…

Debt fatigue

Have you heard of debt fatigue? Debt fatigue occurs when you have been debt for so long that you are simply worn-out. You have lost all hope of getting out from under the mountain of debt. You have become so…

Payoff debt by making the minimum payments

Do you know how long it is going to take you  to payoff your consumer debt if all you pay is the minimum required? It all depends on the amount of debt you have. Let’s figure out how long it…