The start of a new year is a natural time to take stock of your finances and set goals that help you move forward. For many people, that means focusing on debt, whether it’s paying down credit cards, medical bills, or personal loans. But resoluti…
Category: debt management
If you’re facing high-interest debt from credit cards, medical bills, or personal loans, a debt management plan (DMP) could be one option to help you get back on track. These plans are offered through nonprofit credit counseling agencies and may help r…
It can be a relief to realize that debt relief is available. It can help give you a fresh start regarding your finances, after months of coping with unpaid debts or barely making your minimum payments. In a nutshell, debt relief can help reduce t…
Do you have a budget? If not, it’s time to create one—especially if you’re working on paying off debt. Budgeting is one of the most powerful tools for reducing expenses and regaining control over your finances. When used correctly, budgeting to p…
We know that sometimes those credit card and personal loan balances may seem unconquerable. In the toughest moments, many people feel they would do just about anything to pay it all off as quickly as possible. And if you have a 401(k) retirement accoun…
How often do you check your credit report? It’s good practice to pay close attention to the details on your report like your activity, history, and the status of your accounts. You also want to be mindful of any items that show up as charged off. …
Credit counseling is one of the many debt relief options you could use to pay off your debt. Since it is often caused by past financial mistakes, this type of help can provide a clear understanding of what you did wrong and how to avoid future errors.&…
Have you heard the story of the Greek king Sisyphus who was doomed to push a boulder up a hill every day only to see it roll back down? The following day he would repeat this ineffectual action and get the same result. There’s a chance you feel the sam…
Are you feeling totally overwhelmed by your debts and have no idea how to take control of your finances? Have you tried some of the self-help options such as transferring high-interest credit card debt to one with a lower interest rate? Perhaps you hav…
Eric’s debt slowly added up over the years. He hit his breaking point while going through divorce and then financially helping his new girlfriend fight her custody battle. Being overwhelmed with the interest rates on his credit cards was the catalyst f…